Learned lesson

I meant to sell to close (mkt) this morning. I couldn't figure out why I was still in a position. because I bought to open instead. (that was euro. which was up $900, then closed down (combined 2) $-600).

entered: buy 1 mini-japanese yen march 2012 (monday).

Reason: I wanted to be in a position and long Japanese yen sounded good to me.

Trading on Fundamentals Pros/Cons

The basics of my risk management are: put in a stop loss. Everything else is subjective, so even if I get the urge to go Long or Short, it's really really difficult to figure out when something isn't working or when I should exit a trade (note I held ES for nearly a week, but it was agonizing and I had to get daily confirmations to keep me in). I'm trying to try other ideas, too, but I had to start somewhere.

23 Nov (ish) - L mini-EC Z1

Today I went long the mini-Euro futures contract. I did it.... not because I think there's a lot positive going on at the moment, but because news is so correlated and it's lately been very bad news up through today, so.... yeah. I think there is a possibility we're at a lull in the highly volatile bear market (thank you coursework. negative news = higher volatility than positive news).... at 1.3338 I was long. do I think it can (and will) get worse? yes. but unless I stop out, I'm long until Monday.