I’m going to be lazy today and take almost the whole day off. I am seeing signs that market action is ramping back up, and I want to take advantage of these last slow days and enjoy them. I am no market addict, like some of you freaks ;-) I enjoy plenty of time off.

I had one trade in the morning that paid off well, and it was another case where there was an instantaneous move against me. Recall that this happened to me a couple weeks ago, too, but this one was much worse because it popped past my mental stop by a large margin. I talk a little bit about how I handle those cases.

The trade was in Riverbed Technology, Inc. (Nasdaq: RVBD).

Stocks Mentioned In This Article
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I’m referring to my account equity, of course. You often see me post my icon whenever I’m on the net:

This of course is a Free Body Diagram, showing the effect of gravity on my center of mass, or the center of mass of my account, if you prefer. I feel like that pretty well sums up my trading efforts so far. I still keep working at it, though, and I look forward to the time when I get some lift to my account.

Remember my post lately, where I was happy with my trading? I’m still pretty happy with my trading execution and discipline, but the market sent me a big loser, a moderate winner, and a pathetic winner. So what’s my expectancy for the last two weeks? 0.04R. Yay! At least it’s positive, and my win/loss rate is 66%/33%.

Anyway, on to the trades! Read the rest of this entry »

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com