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Daily Trade Posts

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Friday, May 7, 2010

Trade Journal for the week of 5/3-5/7

It's been a couple of weeks since I blogged. The market as been really fickle lately. Economic meltdown in Greece, the government going after Goldman-Sachs, and environmental disaster in the Gulf of Mexico has caused a lot of movement in the market that often has overshadowed scheduled economic announcements. Last week I lost on a couple of trades where the market didn't react to the announcements as it normally does. This week I decided to be more conservative and to only trade on corrections after I had a chance to see how the market would initially react. I had a much better week this week. Out of the 6 announcements, I only traded 3. I won on all three and was up 3.5 points for the week. I'm only trading with 1 contract ($500) right now, but I still made $155.80 after commissions. Not bad for about an hour of trading.

Below are my 3 trades for the week.