I was born to make money
Posted on October 23rd, 2007
Written by Richard
Posted in: N/A (old archives)
In the morning, I really only had 2 viable candidates in stocks. I traded one of them, for a small loss, but managed to trade my way out of most of it. I don’t really recommend that beginners try to do that, especially if you are feeling bad about the loss. But, I wasn’t feeling bad…. I was feeling like I was born to make money. :-) Don’t know why… don’t care why. Just did.
So, after mostly breaking even after 3 stock trades, I went on to futures and ended the day up +2 ES points. I know that’s not much, but I do feel pretty happy about it. I had 2 or 3 other trades that didn’t fill at the price I wanted, and they would have been winners. I just don’t have the confidence I need to go ahead and jump in at the market… I’d apparently rather sit on the sidelines hoping for 1 tick better entry. hrm…
Anyway… as you can see in the video, I’m still experimenting with trend channels… due to time constraints, I wasn’t able to show anything in detail. Maybe tomorrow I will just pick one trade and explain it completely and fully.
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© 2010 Richard Todd. I am not a financial advisor, and nothing on the site should be considered investment advice or actionable recommendations. I'm just an individual, saying what I think, and sharing my experiences.