Monday, October 19, 2009

10/19/2009 10:10 am update: NQ: not a revenge trade, but it sure feels good!


  • last friday afternoon, i missed an exit target on 1 contract 2x by 2 points or less... i was quite frustrated by it, but after going to the gym and then getting ready to celebrate my son's birthday over the weekend, i had forgotten about the trade and the frustration...
  • then, during the sunday night session, i got some great fills...
  • my bid at 1723.50 was filled, with an overnight low of 1723.25, just one tick below my fill...
  • this gave me 2 contracts at an average entry of 1729.07...
  • my subsequent offers of 1736.50 and 1742.50 were then filled just after 3 am...the high of the overnight session was 1744.25...the exit fills occurred while i was sleeping....pretty nice to book some gains while i was riding the Z-train...
  • these trades: +10.43 NQ points/contract, 2 contracts closed...
  • these exits made me flat the NQZ09...


  • at 9:54 am, i changed a bid in the low 1730's and was filled at 1733.50 for 1 contract on the NQZ09...
  • offering out this contract at 1747.50...
  • bidding for a second contract at 1713.50...
Disclosure: Long NQZ09.

***remember this is an illustration of what i am trading and my thinking...it is not a recommendation for you or anyone else to buy or sell this or any other security...trade at your own risk ***

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