Welcome to Arc's Trading Recommendations. The purpose of this blog is to mainly share ideas in trading and investing, and also to keep track of my trading activities. Readers are not encouraged to simulate or take up any of the trades that are shown in the blog, and are encouraged to seek professional advice. No claims for losses incurred by simulating trades in this blog will be entertained. Good luck and all the best!

Thursday, March 3, 2011

Trading Reco 12

I am going to make some changes to my trading, primarily trying a longer time period for trading, and targeting larger profits. Stops are fixed, if the entry is triggered, but we will place edit our stop to protect profits if the intended exit is hit.

Emini S&P Short
Day Entry: 1312.00
Intended Exit: 1299.00
Fixed Stop: 1321.00
Current: 1311.00
1 contract

For Gold, the position exposure is too huge with the Comex Gold 100 troy ounce contract if we are going to hold for more than a day. We are going to use the smaller contract CBOT Mini Gold  33.2 troy ounce contract, so that we can hold longer, as well as putting in more contracts for averaging.

Mini Gold Long
Day Entry: 1429.0
Intended Exit: 1449.0
Fixed Stop: 1398.0
Current: 1430.3
1 contract