'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Wednesday, October 26, 2011

Trade Summary

Showing today's trading activity that was shown/posted in real time.

Showing in here the chart from DIA (etf) which is equivalent to YM Futures.

Note that the trading instrument is the YM, a futures market.

In this trading scenario, a "short" trade was conducted.

Entry Price: Sell short at 11730; 7:33 am. PT
Stop Buy: 11760 (in case the market turn against the trade, a protection is a must to avoid further losses)
Exit Price: 11690; 7:45 am. PT
Gain: 40 points ($5.00 x 40 = $200.00)
Duration: 12 minutes