i suggest that successful trading requires a certain level of two things: cognitive intelligence (IQ) and emotional intelligence (EQ).
We use our cognition to 'plan the trade' and our emotion to 'trade the plan'.
the greater these two skillsets are, and the more in balance they are with each other, the greater the chance of trading success and ultimately trading mastery.
the NQZ09 contract i purchased on friday at 1722.50, i sold at 1739.50 at 647 am this morning...
+17 NQ points/contract, 1 contract traded...
this sell level is below the 1642.50 limit that i originaly targeted...the NQ traded up to 1641 around 4 am and had been basing for 3 hours, so i figured this was where the NQ wanted to go, and my 1642.50 level for the overnight session was a bit too aggressive...
i am currenlty bidding for the NQZ09 at 1732.50...
***remember this is an illustration of what i am trading and my thinking...my trading plan may change without notice...this is not a recommendation for you or anyone else, to buy or sell this or any other security...***
'Securities Trading from Both Sides of My Brain' explores a dual aspect of securities trading: planing the trade & trading the plan, alongside a dual aspect of the mind: cognition & emotion.
I have been actively trading the US Capital Markets since 1996. I earned my living from 1999-2010 by profitably trading for my own account. I have recently returned to my IT roots, but still continue to trade my IRA. I love talking about markets, so feel free to leave a comment.
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