Archive for August, 2007

Out 1 YM at 13435 for +$330.00

August 31st, 2007

Alright, I’m out to play golf now. I’d like to enter into a short position around here, but I want to see where we close first. Market internals are quite bullish anyways…

Long 1 YM at 13372

August 31st, 2007

30 tick stop. Let’s see what happens.

Friday Morning Update…

August 31st, 2007

The TRIN is actually pretty bullish this morning. It’s been below 0.8 for the entire morning, which tells me that I should not be shorting this market. Not now, at least. I still think that we’ll get a push above the recent highs at 13420 before the day is over, so that’s how I’ll be [...]

Out 3 YM at 13320 for +$195.92

August 30th, 2007

Sold 1 contract at 13299. Another one at 13322, and the last at 13340. Not sure why, but the markets decided to make a run starting about an hour ago. Damn, I’ve never seen anything like this in the late session…we’re up to 13367 now…wow…I wish I were still holding my 6 contracts…

CardroomSupply.com – Poker Tables & Poker Chips Direct

August 30th, 2007

Interested in buying some money poker tables and/or poker chips? Well, if you’re looking, CardroomSupply.com looks like the site for you. They have tables ranging from $79.99 all the way up to $5,499.00. Yeah, you read that correctly…$5,499.00!! You’re not a big baller unless you have one these puppies: That table is no joke. As [...]

Done for the day…-$269.96

August 30th, 2007

Grrr…another losing day. What gives? Every time I think I know what I’m doing, the market teaches me a lesson. Yeah, I added to my long position, and then I added again, and I held and…held…finally got out of 3 contracts at 13280 and 13287. And the sad thing is that I am still holding [...]

Long 1 YM at 13300

August 30th, 2007

Adding another contract here. Bullish tick divergence and we’ve pulled back to the 8EMA on the 60-min, which should be support. Still expecting that run to new highs at the close.

Long 1 YM at 13328

August 30th, 2007

Should be a slow trickle higher until the end of the day. I’m willing to give this a good 50 ticks. Target is at 13428 at the moment, but I will try to hold until 4:10pm.

Out 1 YM at 13289 for +$110.00

August 30th, 2007

Okay…gonna wait for the double bottom retest near 13250 and then get into 2 contracts. Stop will be 20 ticks below the lows and I will hold until the close.

Long 1 YM at 13267

August 30th, 2007

Trying to add another contract, but I will wait.

Covered 1 YM at 13290 for +$150.00

August 30th, 2007

Down $2.02 for the day now. Looking to go long within the next hour. Preferably near the 13280 area.

Short 1 YM at 13320

August 30th, 2007

Looking for a move back to the 8EMA, then I will go long into the close. Stop at 15-20 ticks. Target at 13290.

How to lose $100,000 with 7-2 suited…

August 30th, 2007

Antonio Solario vs. Brian Brandon The deal is, if any player at the table won a hand with 7-2, everybody else at the table would have to give that player $500. This plan backfired on Antonio Solario.

Thursday Morning Update…

August 30th, 2007

I was able to get out of my short position relatively unscathed again for -$148.16. That seems to be the general theme these days…”relatively unscathed”. I’d much rather be saying “ridiculously profitable”, but that’s just not happening at the moment. Market internals look pretty neutral at the moment. TRIN is at 1.0 and downtrending, which [...]