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

Thursday, May 17, 2012

Thursday's Trade Setup

The market continues to deteriorate as shown from this 10-min chart.

It's been on the downward trend for quite a week or so.

The trade for the day is to sell short in the open.

Then go out from your trading cave, head to a driving range to practice your swing.

Take your lunch at CMG, then go to BKS to read some latest trading books.

Come back to your trading cave before the market close to cover your short trade.

Then go the nearest RICK (if there is one in your place, or just in the Hooters) to enjoy your profit.

That's how traders live by!