Still watching

Markets are down today. We've been in the range for quite some time. I don't plan on doing anything until we break above 1000 or below 825 on ES. I'll take either buy or sell a pullback to that level.

I placed two orders (sell puts): Natural Gas and Cotton. They both need to be beaten down a bit more until my puts get filled. I can hold them until they both go to zero. (Will it be possible?)

I honestly don't know where markets are going to go, but everybody seems very skeptical about economy. Most of people think it'll get worse. Everybody I know thinks markets will go one way, yet they are still holding their longs. I guess that's why markets don't go anywhere.

As for day trading, I'm still working on my strategy. I and Jack have been working together for a while and we think we have one solid setup. Just one setup. The problem really boils down to psychology and time. I just can't watch markets during the day because of the full time job, but I can't just quit just in case.

What I'll do is to use vacation days and trade a few days here and there. I'll also record my real time trades to show you why I get in, why I take profits and how I trail stops. I'll post the result here and you guys (if there's any) can tell me what I'm doing right or wrong.