Is not the same thing. That's a live trading thread, where you can post whatever whenever. Is not want I want to do at all. On the thread I want to do each person will only be able to make one trade per week. No saying ABC looks good etc, or I traded something or other today. They will have to be specific and they will have to set a stop loss and it will have to be closed by the end of the week. I will make a spreadsheet and monitor the performance of each trade and make an equity curve for each person as the weeks go by.
Trade Update – The S&P 500 Index is sitting at the 1300 level and battling between supply and demand. Maybe GDP tomorrow will move it either way decisively. I will wait and see. Currently my trade is around 7 points up and stop is at break even still.
I’m looking for SMT to breakout above the current consolidation. It is approaching key resistance, so it may top and not reach my target. I think it depends whether the general market breaks out as well, as to which way it goes.
BG group spiked up through the previous highs this morning and set off my alert. It's pulled back around 4% from the high and below the previous high again, so I've placed a speculative long position on Jun 11 Spread. But there's a chance today could be the top, so I've got a fairly tight stop loss.