About this blog

This blog was started as a whirlwind. So these objectives are laid out on the top as a reminder to me and for you to remind me. These objectives will change accordingly. Do praise or criticize me for keeping to my plan or deviating from it. This is the start of accountability to my plan.

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Long term objectives
1. To be financially independent so that I can free my time in devoting to God and Family.
2. Money is for memories. I want to take my Family to Disneyland in 2014. I want my daughters to remember this for life. I can also take this to my grave.
3. Trading as a vehicle to secure my daughters' future education requirement.
4. Continued learning/evolution of myself and the markets.
5. This is not for fun, it is a means for an end. Be very ruthless!

Tuesday, July 7, 2009

ES Trade 7 July

Tried 2 shorts. Got stopped out. Exceeded my daily drawdown. I am stopping.
0432h EST short 893.75 x4
0451h EST stopped.

0547h EST short 895.25 x4
0559h EST stopped. -10.70 nett

0939h EST Sold TF 490.40 x4 Stop 492.4
0944h EST +2pt 489.4
0946h EST stop 491.1
0950h EST stopped. +0.44 nett for TF. I think I was stoopid to move that stop down. This method does not require me to move my stop. If the stop stayed at 492.4, this trade would have stayed and meet the 488.4 target.

I should remind myself not to move my stop for my TF trades, just leave it.
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