Yet more tweeking to do

Well, unfortunately I got stopped out of my positions today enough that I have to stop for the day. Over the past few trading days I've been implimenting my new strategies, trying to find weeknesses in it and seeing what contracts it works well for etc. I've gone up several thousand some days, and gone down as well. The upside is huge and the downside is limited which is why I like the strategy.

One thing I definitely realized is that the indices can not be trusted to pick a direction. They act like hyperactive 8 year olds playing dodge ball. If you had to guess which direction that little kid was gonna run, you're gonna get a big red rubber ball smack in the goobers for sure. The bonds aren't that bad though. The bonds are kinda like watching the condo commandos drive in Florida. Grant it, they're dangerous, but they're slow enough that if you're cautious you can predict what they're gonna do most of the time.

Something I still need to work on is my patience. I sit down ready to trade and I'm so dang fired up that I can't help but take a position. Haha, I like my enthusiasm, but I might as well just flip a coin in that case. I can understand if I think the bonds are gonna stay in a trend, but the indices....oh man....sit down...have a juice box...then go play dodge ball. It really sucks when you get beat up by an 8 year old.

Anyways, to some, I might be considered a Mo-Mo (momentum trader). I'm cool with that. My friend Ryan, is not that kind of trader and soon he will be firing up his blog (I think he should title it "Double Down" haha) but he'll be trying to contrast some of my views. Grant it, he has light years more education and experience than I do, so I won't try and win, but I am cocky, so I'll give it a shot.

Goals for tommorow: Keep up this strategy....patience....Avoid the 8 year olds...and drive safely with the old folks in Miami.