December 2nd 2007
Trading Ideas Update
I’m out of the EDU trade and the IBM trade. Both for nice gains. Personally, I think IBM had a lot farther to drop, but we’ll see. I’m very bearish on the market, but I’ll let the patterns dictate my actions.
The NXY trade has setup, but I’ll bet dollars to doughnuts that it bounces and stops me out. Why not exit the position? My method necessitates that I let it hit the stop before exiting.
Not much else here. Oh, btw, I won Trader Bubs’ contest. I made the closest guess of the 11/30 close of the Dow Jones Industrials. I guessed 13325. The Dow closed at 13371, a difference of 46 points or .3%.
How did I get so close? Simple. Last month I programmed a stock trading robot called LUCK.
See you Monday!
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1 Comment »
Bubs on 02 Dec 2007 at 8:40 am #
Haha, I was also going to mention LUCK when I wrote the final post about the contest. Once again congrats !