September 29, 2009

Challenging day to say the least given our setup strategy. Good thing about our setups is the relatively low exposure to risk and the ability to capture big gains. Market just did not provide us with either and ended up with a small loss. (-1.25 pc). Frustration set during the day when a target was hit but not filled and reversed and exited our trade with a stop out. It's trading and will happen from time to time but that still does not make it any easier. More convinced that using MIT orders will be the way to go. You give up a tick here and there but they save you over the long haul, not to mention lock in profits on a trade that has hit target. We continue tomorrow.