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Well Gang!
I was more than happy to with Friday's $177.00 profits, but
today's latest trade was the topper. I keep waiting for the other
shoe to drop...so I'm just gonna count my blessings, keep
listening to all your advice and instructions, place my
protective stops and FOLLOW THE SYSTEM! I just want to express my
gratitude for all the excellent advice and instruction I've
received from all of the "real traders" on these mailing lists.
So here's the latest excerpts from Newbie's Trading Book.
04/20/98
Flat
Orders
Buy 2 July Cocoa @ 1622 Stop (Entry)
Sell 2 July Cocoa @ 1564 Stop (Entry)
Fills
Bought 2 July Cocoa @ 1622
Sold 2 July Cocoa @ 1602 Stop (Stop Loss)
Market Close
H 1658
L 1584
C 1652
---------------------------------
04/21/98
Open
Long 2 July Cocoa 1622
Orders
Sell 2 July Cocoa @ 1657 Limit (Profit Exit)
OCO
Sell 2 July Cocoa @ 1584 Stop (Stop Loss)
Sell 2 July Cocoa @ 1583 Stop (Re-entry)
Buy 2 July Cocoa @ 1729 Stop (Re-entry)
Fills
Sold 2 July Cocoa @ 1684
Close
H 1690
L 1660
C 1681
Profit After Commissions and Fees
$1,198.00
----------------------------
How's that for a good ROI or RR?
Even though there was some "big buyer" action that helped fuel
the bullish gap close yesterday and the bullish gap open this
morning, it's interesting to see that july cocoa settled down to
its main trend by the end of the day. I think I learned an
important lesson about opening and closing gaps today.
Geesh I have so much to learn!
Good trading to you all!
Tony
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