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Daily Trade Posts

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Thursday, April 15, 2010

Unemployment Claims, Philly Fed Business Index

I made some stupid mistakes on the Unemployment Rate trade at 6:30. I got in late, at the bottom of the movement. I won 1/4 point and then tried to play the correction. I accidentally got in the wrong direction...twice and lost 1/2 point. When I finally figured things out, I got back into a trade and won 1/4 point. I ended up breaking even on that trade, before commissions. At 8:00 was Philly Fed Business Index. I made 1.25 points on that one, which I am happy about. I'm up for the week and gaining confidence. Lance won 1/2 point this morning.

The P&L numbers below are cummulative, so I lost $19.20 on the first trade and won $52.90 on the second, for a net profit of $33.70 for the day.