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

Tuesday, December 6, 2011

Decided to exit the trade at 12110...not a good environment...wait for the next trading day...
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Looks like (the market) having a hard time getting up from the slump...it is consolidating tightly...
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Looks like it pulls back...will add one more contract at 12118 with stop 12090...
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Bought YM at 12135 with stop12115...
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Was late to put an entry for did some important matters and the market rallied.

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Too early to put an entry...lost 15 points...will wait after an hour or so...
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Exit the trade at 12080...not a good sign...
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