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

Wednesday, January 11, 2012

Looking to sell at 12420...
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A choppy trading day in the market...

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Was out when i set my buy limit and the trade made a reversal for a lost of 20 points...short trade did not work out...will buy the market again at 12370 for a long trade with stop at 12350...
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Will let the trade play by itself and will put a buy limit at 12320...
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I guess a short trade is more appropriate...sold YM at 12350 with stop buy at 12370...
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Suddenly the market turns to the downside...stop got hit just to offset the commission cost...gain two mere points...
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Move the stop to 12370 to make it safe...
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