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

Monday, December 19, 2011

Cancel sell limit and move the stop to break even...will try to see the price action... possibly will hold the trade for a longer time frame...
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Putting sell limit to 11855...
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Trade is gaining ground, will exit at around 11850 plus...
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Bought YM again at 11820 with stop at 11800...
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Suddenly it drops like a bomb for a loss of 19 points total...volatility in play...
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Adding another contract for YM at 11835...
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Bought YM at 11843 with stop at 11820...
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