Wednesday, August 17, 2005

freaking CME

so on monday, CME takes an 18 point dive. It's the last week and it takes a dive. I've been waitin forever and I was up $2.50 each contract. had to take a $.30 hit now. went in the money. Lesson learned from this. ALWAYS close half your position when 80% profit has been achieved. Lock in the profit Vlad!!! a nickel or dime isn't worth the event risk. Now it looks like I'll only be up about 4% this month. At least it's not a losing month.

Second thing I'm learning. I've been trying to get in the SPX. Damn near impossible, even if i'm $.15 below national mid. I think this time of the cycle there's alot of sellers out there. Not buyers.

Can't get emotional, or this game will kill you emotionally....


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