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Strategies & Market Trends : trading the QQQ

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To: bernard rogers who wrote (332)2/12/2002 4:00:37 PM
From: bernard rogers  Read Replies (3) of 714
 
Trading gross profit $24 - commissions $42
day loss $18

300 L 36.19 10:12 c 36.29 10:18 +$30
300 L 36.20 10:23 c 36.17 10:27 -$9
(when i have a loss, i must paper trade
a 10 cent profit before trading again)
S 36.16 paper trade out no
L 35.25 paper trade out ok
300 S 36.40 11:09 c 36.34 11:24 +$18
400 S 36.30 11:29 C 36.26 11:34 +$16
300 S 36.32 11:38 c 36.26 11:48 +$18
400 S 36.59 2:04 c 36.69 3:21 -$40

The last trade is an example of my worse
problem. The market ran quickly against me
I pulled my stop, and watched like deer
in the headlight of a car roaring towards it.
If the market had not turned, i could have
easily lost $150 on that trade.

I play a 10 cent away stop. That stop can
never never be removed, never. If i can not follow
that rule, i can never can trade large amounts.

If i can not trade large amounts, then i have
failed, and will commit ritual seppuku
and you shall hear no more from me.

A failed day trader, but with a honorable death
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