FREE Members Newsletter
Get
instant access to my #1-Rated
Swing and Day Trading Newsletter For FREE and MORE by typing in your Name and Primary Email below:
Privacy
Policy: *Your name and e-mail
will NEVER be sold - we hate spam as much as
you do. You can unsubscribe from our e-mails
at ANY TIME. Your selections
look every bit as good if not better than subcriptions sites that
charge up to $100/month... Paul
Bondy, USA I should be paying
you! Paul J. Krupin, USA
At OEX Street, our philosophy is: "Trading the Market with an Objective Approach". OEX Street has published real-time OEX options trades on the internet since 1999; making us an internet pioneer in OEX trading. In 2003 we introduced day trading of eMini futures, both Russell and S&P. After nearly a decade of hands-on trading, OEX Street has dispelled the myth of impulsive trading through the use of a mechanical approach. OEX Street removes the influence of emotion and increases the success rate, resulting in an objective, researched signal.
Dec 13, 2007
- It was another pathetic day of trading for the bulls...
It was another pathetic day of trading for the bulls. There is a ton of desperation floating around Wall Street. Any sound from the Fed and the market is rattled. Definitely not a fun environment if you're position trading. But we're having a blast as day traders.
We waited patiently all day before entering a trade this afternoon. Did you notice how accurate the Key Levels were today? They were paramount in getting us into our Put position in the final hour and capturing over 23% in about 15-minutes! Pretty easy trade from a foundation set up but it required patience to get to that area. I can't begin to comment on what I think the market may do over the next day or week. It's anyone's GUESS. If someone makes a prediction and gets it right, it was only luck.
Have a good evening and see you tomorrow morning.
posted by OEX : 2:49 PM
OEX
OEX through the final target of 690 and trending lower but we've moved to the safety of the sidelines.
Nice trade and patience does pay off, right?
Another miserable day for the bulls but a good one for day traders.
Stay tuned.
by Jospeh FORD - http://oexstreet.com/ "Trading the Market With an Objective Approach"
p.s. Membership to oexstreet.com now includes auto trading access to our russell eMini system, NUTUS ER....
Yes! I would like Join Your OEX Options Live Broadcast.
& You will receive instant alerts via Yahoo! messenger,
email alerts (great for your cell phones & PDA's),
and access to the password protected trade log.
Disclaimer:Please note
that charts and commentary provided by the moderator are for educational
purposes only. Any trades placed upon reliance on the moderator’s
charts or information is taken at your own risk for your own account.
Past performance is no guarantee of future results. While there is great
potential for reward trading stocks, futures and options, there is also
substantial risk of loss and you must decide your own suitability to trade.
Future trading results can never be guaranteed. This is not an offer to
buy or sell stock, futures, options or commodity interests. Most trading
systems are based on historical formulas which have worked in the past.
However, what has happened before may or may not happen again. You can
lose all your money trading stocks, futures, and options and you must
decide your own suitability as to whether or not to trade. Only trade
with true risk capital you can afford to lose. Only trade markets you
can properly afford to trade. Properly funded trading accounts typically
perform better than those that are not. Never risk more than 2-3% of your
account on any one trade. Always define your risk before entering a trade
and place a stop to limit your risk. There are
no guarantees or certainties in trading. Trading involves hard work, risk,
discipline and the ability to follow rules and trade through any tough
periods during a system’s draw downs. If you are looking for a guarantee,
trading is probably not for you. Most people lose money trading. One of
the reasons is that they lack discipline and are unable to be consistent.
A system can help you become consistent. Ironically, worrying about the
monetary aspect of trading can contribute to and cause a trader to make
trading errors. Therefore, it is important to only trade with true risk
capital.
