Monday, October 22, 2007
Another positive day trading the mini DOW
Today provided a couple of winning trades on the YM (mini DOW). Quick ones too, which are the kind I like the best. I've been finding more and more than lately the 3 minute chart of the YM seems to get me into a move in a little bit better position than the 5 minute charts have. Not that the 5 minute charts are bad charts to trade, it's just in the last 5 or 6 months I've found that I've noticed the 3 minute charts getting in early on the move, whereas the 5 minute charts get me at the peak of the move.
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TradeLogger - equity curve management
TradeLogger is a FREE program that helps day traders and swing traders minimize the drawdown in their equity. Close to 2,000 traders are now utilizing TradeLogger's easy-to-use interface to log their trades' profit and loss and receive a clear, consise signal whether their next trade needs to be a LIVE trade or a SIM trade. This is all based on how well their equity curve is performing.The benefit of this program is it saves you capital when your trading performance experiences periods of drawdown while in a losing slump, whether it's due to the skill of the trader, or just lack of follow through from the market due to market mechanics.
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