Sunday, April 09, 2006
4/6/06 Lackluster x3
Thursday again did not go well here for the Viking Pirate. Only 2 es trades, one for a +.75 and a second for a -1.25. I am writing this on Sunday 4/9, and I am embarassed to say that I do not recall, nor did I make note of the setups that I was trading at the time. Hmmm, not to swift of me. Do you think that might indicate as small flaw in my trading practice. Well, I'd agree. I will be more dillagent in this area and you can be sure that my trading partner, teq56, will keep my feet to the fire on this one.
Another flaw in my trading on this day occurred during the doldrums bond trade. I entered a short at 108 15 with a target of 108 11. The trade timed out at 3 pm with the bonds at 108 20. Now the rule is to exit at this point no matter what. Did I follow the plan??? Well, no. I held the short, kept my stop at 108 22, and let it run over night. Will update this saga tomorrow. Now, in accordance to the rules of my trading plan, this means that beacuse a rule was broken today, no tarding for me on Friday. I say, should have been. See the next post to find out what happens.
Another flaw in my trading on this day occurred during the doldrums bond trade. I entered a short at 108 15 with a target of 108 11. The trade timed out at 3 pm with the bonds at 108 20. Now the rule is to exit at this point no matter what. Did I follow the plan??? Well, no. I held the short, kept my stop at 108 22, and let it run over night. Will update this saga tomorrow. Now, in accordance to the rules of my trading plan, this means that beacuse a rule was broken today, no tarding for me on Friday. I say, should have been. See the next post to find out what happens.
# posted by Trader X @ 5:50 PM 
