Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
Active trading (or Day Trading) is not a game, it has a very high level of risk. It is possible to lose all of the funds that you invest in your trades. It is not recommended for inexperienced traders or for persons who do not have sufficient resources and time to devote to their trading activities. Active trading is a serious commitment that should not be undertaken unless you are able to handle high risk and high stress well, and are willing to consistently adhere to objective and disciplined trading strategies and approaches.
WeTheTrader is a resource for traders to share ideas about investing and trading the markets with Focus on the (ES) E-Mini S&P 500 Futures.
Trade Log
Trades
Blog Archive
- ▼ 2011 (173)
- ► 2010 (305)
Warning
Any comments or statements found on this site (http://wethetrader.blogspot.com) are the opinions of WeTheTrader, they are not intended as recommendations or suggestions.
Assumption of Trading Risk; You agree that WeTheTrader shall not be liable for, and you fully and knowingly assume all risks of, and shall indemnify and hold WeTheTrader or anyone affiliated with WeTheTrader harmless from and against, any and all claims (including claims by or through you) or loss(es) or other negative results, actual or perceived, caused by using any information on this site as a basis to engage in trading of any kind. To the fullest extent permitted by Applicable Laws, you fully assume all risks related to each and every one of the previously stated items.
About Me
Market sells on worse than expected jobless claims numbers:
ReplyDeleteContinuing Claims rises to 3.99 mln from 3.89 mln
Initial Claims 454K vs 410K
Would have liked to get in this trade a little higher, lets see if 1293 can hold. VWAP currently at 1292.75
ReplyDeleteFYI, this is not my swing short trade. There is not yet confirmation that a top is in. I won't defend this short above 1294...
ReplyDeleteNEW Release on Jobless Claims:
ReplyDeleteProcessing Delays Cause a Spike in Initial Claims Filings. Therefore, this week's move was due to a one-time exogenous factor that should not affect the overall downward trend that claims have followed for the past few months. The continuing claims level increased from 3.897 mln for the week ending January 8 to 3.991 mln for the week ending January 15.
I don't know the truth behind any of this, but it certainly makes me less confident in the short.
Cover ES at 1293 for a scratch
ReplyDelete