4.15.08 4.15 Settlement

Trade Date:
4/15/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
2	9:30	Close	1331.00
3			1327.25	1329.75
2	1:20				1331.75	SF1	$100.00
1	4:01				1337.75	SF2	$400.00
1	4:15				1335.75	close	$237.50
						5.46%	$737.50

Summary:

Today's P/L is $737.50; for a 5.46% gain.

We entered the day long 2.

Intra-day we bought 1 and sold 2.

We conclude the day long 1.

SF2 Filled

Filled	1337.75	SF2		June Emini
Position:	1		1329.750	BA12
Working Orders:
	Buy		Sell
Type	Price		Price	Type
			1345.75	SF3

Working Orders into 4:15 Close

We are long 2. Below are the working orders into the close. If SF2 is not filled. we will sell one on the 4:15 close, to conclude the day long 1.

Position:	2		1329.750	BA12
Working Orders:
	Buy		Sell
Type	Price		Price	Type
			1337.75	SF2
			1345.75	SF3

SF1 Filled

Filled	1331.75	SF1		June Emini
Position:	2		1329.750	BA12
Working Orders:
	Buy		Sell
Type	Price		Price	Type
1317.25	SE3		1337.75	SF2

BE3 Filled

Filled	1327.25	BE3		June Emini
Position:	3		1329.750	BA123
Working Orders:
	Buy		Sell
Type	Price		Price	Type
			1331.75	SF1
			1338.75	SF2

New Working Orders

Position:	2		1331.000	BA12
Working Orders:
	Buy		Sell
Type	Price		Price	Type
SE3	1327.25		1333.75	SF1
			1340.75	SF2

Can Trading Be Taxing? 5 Things to Remember.

Everything in life can be taxing it you allow it to be and Trading is no exception. Let's look at a comment this FB 2.0 Blog received yesterday:

LiggerPig has left a new comment on your post "4.14.08 4.15 Settlement":

Not an easy day for any system and frustrating for discretionary traders too. Good luck with your blog. I hope to pop back regularly and learn more.

I had the chance to talk to several traders yesterday and this sentiment above was common (even the FB 2.0 did not even trigger a trade yesterday).

Frustration will always be there for traders if it is allowed to. All traders feel frustrated at times; it is how you deal with that frustration that is important.


5 Things to keep in mind during those frustrating times:


1. You don't have to make a trade everyday.

2. You don't have to make money everyday.

3. You don't have to be on the right side of the market everyday.

4. You don't have to be right on every trade everyday.

5. You don't have to let the above 4 points frustrate (tax) you everyday.


So relax, and don't be frustrated. Don't allow trading to become taxing.

Barlow

j.barlow.smith@gmail.com

New Working Orders

Position:	2		1331.000	BA12
Working Orders:
	Buy		Sell
Type	Price		Price	Type
SE3	1328.25		1340.75	SF1

Good Morning

We enter the day long 2. Working Orders for after the 9:30 Open are below:

Position:	2		1331.000	BA12
Working Orders:
	Buy		Sell
Type	Price		Price	Type
			1340.75	SF1