Trade Log

Aloha Traders-

My apologies for the delay in updates, things have been busy in paradise lately! Yes, it is possible to actually become stressed out, despite living on a tropical island....

Anyways, I wanted to post my daily trade log. I took a solid #2 level signal (of a 1-3 rating system, 1 being the best), and was rewarded for being extremely patient. I was able to exercise a great deal of this patience as a result of the audio trade feed coming in from the SnP trading pit. Vetting trade signals by looking for an energetic presence in the the pit to back up signals given by the JS Servies PriceMap is a great way of reducing risk and increasing potential reward. When trading index options, leverage must be taken into account at all times, and while leverage is what creates great reward potential for traders, it most definitely can create just as much if not more potential risk if not properly implemented. Being a patient trader, and implementing the use of leverage (such as trading the NDX, SPX, or RUT full contracts) only when a valid trading signal is produced from your well planned, followed, and respected trading system will help to keep you on the 'right' side of the trade more often (assuming of course that you have done a proper sample size test for your strategy to determine its long-term validity over a series of trades). Patience, as a trader, is one of YOUR most important allies!

9/22 Trade Log:

Buy to Open: 10 NDX 100 Oct 1525's @$9.50
Sell to Close: 10 NDX 100 Oct 1525's @$10.10