Market Precognition

The goal of this blog is to PRE-RECOGNIZE next several moves in the market
I focus on trading the S&P emini futures and T-notes futures.
A loyal reader will begin to understand the themes, memes, and sentiment that leads the market.

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Johnny Hom

Friday, April 20, 2007

STUPID, STUPID, STUPID



Everything was lined up. We had a low intensity S1. This set-up has been a LINE IN THE SAND set-up.

I was supposed to be short below 1482 and long above that line in the sand. But because I did not set my configurations correctly in IB, instead I was short all the way up to 1489 from 1479.75.

UUGGGHHH!!!

So I ended up with a $7k loss instead of a $3k profit.

Well that's why I am doing it in the paper-trading account.

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