A Tycoon's Trading Diary

True story of the making of a tycoon. Options trading, trading systems, wealth, money management...

Tuesday, January 23, 2007

Easy Tuesday

My standard trading schedule starts to evolve, as:

Morning session (CET 8:00 - 12:30) before US Markets open
  1. eIBD browsing (Big Picture, Money Making > Time Saver tables to seek for possible watchlist additions).
  2. checking my open position(s) (Virtual yet)
  3. scanning my watch list (on Wealth-lab.com) with all trading templates (TTC-A, MACD+V, GAP 2H+V)
  4. If there are trade candidates, choose best by patterns and habits and IBD check-ups then check chains and strikes for options and record them.
Trading session (CET 15:30 - 18:00) US Markets open
  1. Checking for actual market trends and making orders if possible, intuition ride...
Today's happening
My scans did not return anything spectacular. But at least the markets were performing all right. And I have found two items for my watchlist AYI and MBT.

What I will try tomorrow?
Is to go through my watchlist and pull up all charts in the optionsxpress.com java charting to get a buy point for all possible entries (based on IBD ideas). Buypoint is for any trending issues (of course in the same direction as the market). Where it pops back from the 30 or 50 day SMA before continuing up- (or down)ward. The buy point is reached when the issue surpasses the (resistance or support) point where the issue was before turning towards the SMA trendline.

Good night there...