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  • Friday, October 14, 2005

    Todays Market 10/14/05

    SPZ5 futures hovering around that 1185 level that we need to get above for a short term bounce/rally.My trading has been pretty mediocre this morning.I had a great entry short on RIO covered for a flat,then re-entered short at 39.68 (the top) covered at 39.54 and 39.45 for +.14,+.23 . Then it drops even more,and I totally miss it,so I short one more time at 38.01 covered at 37.83 for +.18 . I should have captured that entire move easily,but I just wasn't focused.As traders we must leave everything else in our life at the door when we walk into our trading rooms.We'll see what the rest of the day has to offer,even though I'm up it's still frustrating to have missed all that free money. :-) Good Trading.

    9 Comments:

    At 1:03 PM, Blogger Prathap said...

    Hi txtrader,
    I have been following NGS recently. It has been very good for me for scalping. It is giving 60 to 70 cents scalps at a time. Thought you might be interested.

    have fun,
    Prathap

     
    At 4:00 PM, Blogger txtrader said...

    Hey Prathap,

    NGS is that an AMEX stock I don't see any nyse book for that one,no can do,but thanks. :-)

     
    At 10:40 PM, Blogger Prathap said...

    Hi txtrader,
    Do you trade only nyse stocks or do you trade nasdaq stocks also? I have been trying to utilize NASDAQ level 2 quotes. But I haven't seen any pattern as far as what it lists. It is only confusing rather than helping me I am not sure if it gives useful information only for certain type of stocks. Do you use nasdaq level2 quotes? Shed some thoughts if you have any idea using this tool.

    have fun,
    Prathap

     
    At 12:45 AM, Anonymous Anonymous said...

    Could you review our site and maybe post something on your blog (positive or negative). We've got some good comments www.puretick.com/feedback.html but hardly any visitors as we just opened a few weeks ago. Thx!

    Geoff/Cajun.. merry wednesday.

     
    At 12:45 AM, Anonymous Anonymous said...

    Could you review our site and maybe post something on your blog (positive or negative). We've got some good comments www.puretick.com/feedback.html but hardly any visitors as we just opened a few weeks ago. Thx!

    Geoff/Cajun.. merry wednesday.

     
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