Tuesday, February 5, 2008

Still sitting on my hands

There is usually at least one or two markets that are standing out, but lately I've not seen anything special, so I'm standing aside. I used to get bored and did many implulse trades that only resulted in tons of losers. I was in fact suprised at myself becoming more profitable as my trading frequency goes down. It takes so long to build a good account, but takes only one bad trade to wipe everything out!

By the way, Lumber finally shows a bit of strength, but still too early to say. I think that demands for Lumber is not as good as when housing markets wer hot, so I have to see. On the other hand, the spread trade is just not doing well. I look into adding around $32000 level ($5K from the initial entry).

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