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!

Wednesday, July 8, 2009

ES Trade 8 July

0655h EST long 879.50 x2
0658h EST +0.75pt 880.50 stop 878.75 It has to touch 882.50 to negate the down projection to 872.00.

0710h EST stopped by 100 EMA. It has pierced which is a good sign.
0726h EST added 882.00 x2
0800h EST stopped -6.85pt. I turned a winner to a loser. Shouldn't have added. I wanted to consolidate the position by exit early, hit and no fill. Should have just reduced my target. I am not going to try this yet, I will still trail my stops.
0942h EST stopping the trades. Maximum drawdown met.
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