Tuesday, September 01, 2009

Markets At CrossRoads


50 comments:

xerxes said...

Good Morning Dear Boris

boris said...

Good Morning Dear Xerxes

Good Trading Dear Friend

John said...

Boris

good morning

old john

boris said...

Dear John,
Good Morning and
Good Trading My Very Dear Friend

boris said...

I had updated the trend table
On Dot Net.

xerxes said...

ISM Manufacturing to be released in 75 minutes....
RBA kept rates at 3....
German unemployment at 8.3

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading.

Bert

boris said...

emini159 at Dot Net

Good Trading

boris said...

Dear Bert,
Very good monring
My Very Dear Freind

xerxes said...

Big turnaround Dear Boris

John said...

This is where I have to be patient

old john

boris said...

I hear you Dear John

Good Trading My Very Dear Friend

boris said...

Dear Xerxes
Yes, I could see that.
Now we seem to be in retreat

GOod Trading Dear Xerxes

Mike Truong said...

Dear Boris,

I followed your call yesterday and did well this morning. No more trading today. Will wait for the big opportunity instead.

Thanks dear Boris,

Michael

boris said...

Dear Michel,
Enjoy
Good Trading My Dear Friend

boris said...

Administrative Message on
DotNet

Good Trading Dear Subscribers

boris said...

bought back what I sold at 12.75, at 09.75

boris said...

I mean 1009.75
with a 2 pt stop
which I have profits

boris said...

stop at breakeven -1 or so 1008.75

boris said...

stop breakeven 1009.75

boris said...

step back 50 cents

boris said...

out

boris said...

gained 3 points lost 1,

boris said...

bought 1+1 again at 1002
stop 999.75

boris said...

Giving Back 2 points gained earlier. If stopped

boris said...

stop 1.25 pt loss at 101.75

boris said...

sorry wrong numbers abot
stop at 1000.75

boris said...

adjusted stop to 0.25
at 1001.75

boris said...

buy back at 1001 ordered
stop at 999.75

boris said...

missed by 0.25 on the buy so far

boris said...

Well, Yes and now we are 3 points above there(:-

boris said...

I took out my buy stop

boris said...

buy 999.50 stop 997.75 order is in

boris said...

In raise stop to 998.25

boris said...

raise stop to 999.50

boris said...

out +0

boris said...

Well,
I hope that what I did today gives you a flover, how I trade.
I do not know how others trade.
It does not concern me.

But the way I trade is simple.
I find points where market , almost (:- must turn. Then buy or sell and place a miniscule stop. MOst often market goes in my direction and I raise the stops intantly. After that it is pure LUCK. Either market come back and gets me out with almost 0 gain or loss and I am out or it goes my direction and then I can milk it.

You see now how, I do not chace the market, once it got away from my buy point, Bey, Bey market, not interested any more.

You also see why trader(pricess) needs to trade 100(:- ( princess needs to kiss 1000 frobgs) before the good trade comes ( Prince is found).

Ok not thousand, but it does take about 4-7 in my average attempts.

Good Trading Dear Readers

boris said...

This is not what I usually do these days as an asset allocator, but sometimes I go back to my "real love in trading"(:-

Good Trading

boris said...

Now, this requires 2 very important things.

1) Close to nothing trading costs
that is no probem
2) Good trading expereience and setup monitoring.
Now this is a harder part.

Mike Truong said...

I kinda figure that is your strategy from the few times I seen you trade. Kinda exhausting no? Anyways I violated another rule today - I let a small loss grow to a big loss because I was marry to a position. Still learning dear Boris..:-( . I will recover form this but I think I need to map out my trade and let the stops take care of itself instead of outguessing myself at each turn. Loss are natural part of trading.

My gains from other trades made up for the large loss but it still irritate me...

Good trading dear Boris,

Mike

boris said...

Dear Michael,
Not tradin is not exhausting.
Trading is Love(:-

Now either one loves it or does not.

Also, nothing in Asset allocation requires me to trade like this, but sometimes in fast markets, I can not help but get drawn in.

Because, I do these things in the background, ingeneral, but when the markets are fast, I can not report and do it in the background. It is impossible.


In any case, trading is

LABOR OF LOVE.

One thing about trading is this. Either you love what you do or do not.

Nobody will ever be succesful in trading without loving it.

It takes time to love and enjoy it ( that is true). But in the end

Nobody every makes money trading without loving.

Some exahuastion happens. That is why there is San Diego, or Florida.
(:-

Now, Yes, stops. You see me with stops? If you are uncofrotable with stops( real/imaginary) that just means that you are not sure about the trade. That is a problem. You must map the trade and stick with it and if small stops make you uncomfortable lower the size of the trade and user bigger stops, But do not change them, almost evver. Once you know ( and you must before entereing trad) you must stick with the stop.

Loss is as much of part of the trade as it is to miss the hoop in basketball.

His greatness/airness Michael Jordan Was only 43% precise(:-!!!

But he was still greatest. He loved what he did and knew that not every ball will go in!

Good Trading Dear Friend Michael

jimww said...

Dear boris are you gonna give it ago today again? that was fun .

boris said...

Dear Jim,
I do not think so.
I do not think asset allocators can follow that.

I have sold some assets today at higher prices and got some points , but that was extracuricular activity!

Good Trading Dear Jim,

I used to hav every day like this 3 year ago(:-, see the records

dimitry said...

euro touched 2 dayly low.

boris said...

Dear Dmitry,
Thank you ,
Indeed this is a crazy day.
But I think Antidollar is recovering some.

We stated in our daily post that lower 1000 is the place for a support, well we got there fast.

(:-

Good Trading Dear Dmitry

boris said...

Update on markets
DotNet
Please see it.
Good Trading

xerxes said...

Gold, Dear Boris, Gold....bucked the trend today....

boris said...

Well, athat is true,
Yet, does not appear too extraordinary, somehow!
Of course, it could continue from here, but...
GOod Trading Dear Xerxes,

xerxes said...

Will we get the AP's tomorrow at the usual time Dear Boris?

boris said...

It looks to me like only Daily APs will be avialable tomorrow.
Yes that should be ready early usual times

Good Trading Dear Xerxes