Pirate Trading

The continuing saga of the bond trade from Thursday continues. After waking to find the bonds virtually where they were yesterday....near 108 20, I debated some as to where to take my exit. This is not good and is why you (I) must always TRADE THE PLAN!!!! This takes all emotions out of the trading decision as we strive to become a trading "robot". When I reviewed the action of the bonds overnight I found that they had indeed hit my exit point but my order had not been filled. Decided to leave the order in for a few hours & either get stopped out or not. As we got closer to the unemployment number release at 8:30, the bonds began to drop fast. They hesitated around my entry area for a bit, & I decided enough was enough. I moved my exit up to 108 14, enough to cover commissions and waited. It was soon hit, an fell hard a bit farther. No matter, I was out of my bad situation with a 1 tick profit.

Now, the only other trade on this day was a 3 pm reversal trade that wa a -2.25 looser. WHAT A WEEK! Worst one in several and my account looks like it. The only semi-gratifying thing about it was I realized that Fooser also had not the best of weeks either. Back to the drawing board on Monday to try and shake a little cha-ching out of old es then.