Trade Journal 12/10/2009

Good Morning.
There were two trades today at 6:30 - Trade Balance and Unemployment Claims. There was good initial movement and then not much. We did end up winning our trades but it took a little while just because there were so few contracts being traded at that time. One of the biggest concerns we've heard about Market Mover Trading is what will happen to the market if a lot of new people get in, will it unbalance it? If anything today proved that it would only be a good thing. You need people and contracts to make the market move. It did move but not as much as it has in the past. We have read that many traders take December off if they're positive for the year so we're assuming that is what has happened. So it will be interesting to see how the rest of the month plays out and what the market looks like in January.
As for our stats: Don broke even, I pulled .75 points, Macey pulled half a point, Steffany pulled half a point, and Josh pulled 1.5 points - the high for the day from all of us. Each point represents 10% of our investment so Josh effectively earned a 15% return for the day.
We do have two Introduction Meetings today at 10:00 and 7:00 in our South Jordan office at 10813 S River Front Parkway, Suite 300. We would invite anyone who is interested in learning more to attend and feel free to invite anyone else you believe may be interested to join you.
For all Market Mover Traders who have already joined we will be having our first Open House Forum in our South Jordan office from 4:00 to 6:00 today and we look forward to seeing you this afternoon. Please bring your trade journals and questions and stay for as long or as little time as you would like to. We look forward to this being our first of many good brain storming sessions. The better we make each other the better we become ourselves.
Here is today's Long and Short of It which clocks in just under 6 minutes and does a great job of telling you more about how to be a successful trader right from the owner's of Market Mover's mouths, Sean Larsgard and Jason Anderson: http://www.youtube.com/watch?v=0B06YDqgmfk
Lastly, here is Bob Kirkman's email from today:
Good Morning, Well today I went live and sure enough.....I lost my first trade. This morning there were 2 announcements at 6:30 AM. The prediction points came out with huge spreads between them. I was going to set up a sniper today with an exit strategy to make .75 points. I then decided to take out my exit strategy and manually get out in case the market moved big. I went against the teachings of Market Mover Trading and it bit me. If I would have put in my exit strategy I would have won. I lost $67.30 including commissions as a result. It seems things come in 3's. I dropped my cell phone into a glass of water and shorted it out and my garage door was frozen to the ground this morning too. So I have my negatives out of my system today. Here's to a fantastic cold day Multiple trades tomorrow!