'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 20, 2011

The market rallied today.

Santa still has money to buy the market, probably he uses his piggy bank.

Hopefully his money from the piggy bank will last till the end of this year in buying the market.



Monday, December 19, 2011

The market went down after a positive open due to some downgrade ratings issued by the S&P.

Plus some negative news that came from Asia.

Not a good sign for the market before the year ends.

Stop got hit for a break even...market is very volatile...HFT are in the market aggressively...
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...
Putting sell limit to 11855...
Trade is gaining ground, will exit at around 11850 plus...
Bought YM again at 11820 with stop at 11800...