The best trade of 2007, yet the best trade I've ever had, came from Wheat and Soybeans spread. Spread is also a fact based strategy. Many successful floor traders are either scalper playing between bid and ask or spreaders. For this trade, I waited and waited for the price to come down. It went against me about $700, but turned out $7K trade per contract for the course of 2 weeks.
The worst trade of 2007 came on FOMC day, Sept 18. Interesting enough, it was not from swing trading, rather day-trading. When everybody was expecting a quarter point cut, Fed came out and cut a half point! At that time I was not even watching CNBC. I knew the fed announcement would come out, but my fading level was high enough (about 250 YM pts away) that I thought I'd be okay to fade. Wrong. Do you see a reg flag there? I set 20pts stop on 3 lots. Worst yet, the slippage kicked in and got me stopped out for 47pts for 3 lots. I normally use 20 pts stop on day trading max, but 47pts did hurt me quite a bit.
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