'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, December 29, 2011

Stop buy got hit for a loss of 19 points...I guess a long trade should be the proper one...

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Shorted YM at 12155 with stop buy at 12169...
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Wednesday, December 28, 2011

The market went down in today's trading.

I guess Santa had run out of money to buy the market.

He sold all his stakes and the bears are out there celebrating in time for the New Year.



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Made a mistake of exiting my trade early for the market went down smoothly without any noise...what a big mistake...

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The market drops...

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Close at 12185 for a gain of 25 points...
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Putting buy limit at 12175...
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