Thursday, August 6, 2009

Trade 41, 42, 43, 44, 45, 46

All Intraday Trades, trading MQG, ASX, RIO short. Little 'feeler bets' and none of the fish were biting today. I was testing out a few intraday indicators, nothing substantial to report on, will continue to tinker with the technicals and see if there's anything to blog about as I make more intra-day trades.

My initial impression is that it is quite hard to make money consistently on intraday trades without a very solid trading plan.
Obviously today the market was rising - so I didn't do so well although no crazy losses as I kept my trade size minimal -
-$70.22 after 6 trades (including 25.98 commission).

Working on how to go long in a rising market (it's harder than it seems) - the need to short is costing me money at the moment.