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"Don't trade when there aren't clear opportunities" Jesse Livermore "The only way to "get better at trading" is to practice dealing with losses, with money, with your real trading system "Rob Booker "There are old traders and there are bold traders, but there are very few old, bold traders." Ed Seykota "Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if it gets there"Bill Eckhardt

Wednesday, August 17, 2016

UPDATE on DRV DAY-TRADE


  • DRV long trade never got to 11.63, but the low in the AM trade was 11.75. We entered when the price came back to the opening price of  DRV, what was 11.79 plus 1 tick.
  • SO the entry price was 11.80 We did not wait for the 11.84 (1 tick over the high of yesterday) as we are aggressive traders in the day trading scenario.
  • We decided to get out at 12.01 a bit higher than our target of 11.98 since the entry was higher too. 
  • All together the profit was $50.28 including commission.
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