My Trading Day ~ Tuesday 5th July 2011
As I mentioned previously, yesterday was Independence Day in the U.S. so a lot of markets were closed and those that were open did not have a great deal of momentum. As a full-time trader, I treat these days as official holidays – and yesterday I did not get back from Goodwood until after lunch anyway.
Back to this morning, I’m in my weekend cottage in Suffolk and was up very early and down in the kitchen with just one of my laptops & an extremely large cup of coffee. The idea is to trade for a few hours, and then off to have a look at some properties – I need somewhere to live around Chelmsford as I have now sold my flats in London.
I had a few charts up by 6:30 and almost straight away I could see a trade developing on the S&P500 and at 6:58am I was in a short trade. For the first few minutes the price did go in the right direction, but then it quickly retreated and I was stopped out with minus 16 pips. I did start looking around for another trade, but my driver pulled up outside, so I called a halt to my trading and shot off to Essex for the rest of the day.
I was at Susie’s house in Chelmsford at 5pm, so I had my “Evening” trade there earlier. The S&P500 chart was displaying a certain volatility, but despite this I took a trade signal that I had spotted just before 6 o’clock, and for a short while it did go up in the direction I wanted. Right on 7pm the index shot down, so I came out fairly sharpish three minutes later with a score of minus 5 pips. I would usually have another trade to make up for the loss, but as the chart was behaving strangely and I also wanted to get back here to Southwold, I called it a day then and got back on the road. I got back here at 8:30pm and cooked myself some supper and had an early night. Today’s trading has given me a very rare loss overall for the two trading sessions – but never mind, it it is the first losing day I have had this year !! Quite a good record for my systems.
Daily Target Reached ? No (-21 pips) I traded both early morning and this evening
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