Tuesday, June 13, 2006

RE: SIMSCI 13-June-2006: Poor performance

The reversal sign of Nikkei futures before lunch break was a false signal. Nikkei futures has been losing -500 points before SIMSCI reopen for afternoon session. I have place a Short order before lunch break at 272.4. SIMSCI is likely to open with gap in the afternoon session.
After market reopen, my short order was not triggered as the gap is bigger then my setup price. I have been missing profitable trades recently. And my performance has been deteriorating as well. Wrong judgement calls were made. I am fortunate enough, my wrong judgement call did not cause any loss. However, it is equally bad when missing profitable trades. I have decided to step away from market now to prevent myself from chasing a trade. Fight another day.

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