Trade Journal 12/17/2009

Good Morning -
We can hardly believe a week from today is Christmas Eve. The year and month have gone by so quickly. There is trading for the rest of this month but as we head into the heart of Christmas season we know the market volume will continue to drop as people take their vacation and family time. We'll continue to trade but it will be with less profit expectations.
We did trade this mornings announcements at 6:30 and 8:00. I earned a half a point (I only traded the 6:30), Lindsey got 1.25 points (12.5%), Josh got 1.5 points (15%) and Steffany did lose her first trade from yesterday. Macey was practicing some scale out options on the software on his paper account and Don was practicing a trailing stop so while they technically won I'm not sure that really counts for stats today.
We are having two Introduction Seminars today at 10:00 and 7:00 in South Jordan at 10813 S River Front Parkway, Suite 300. You can register with Sydney for either of those free 30 minute seminars by emailing sydney@theexchangeut.com or calling 877-747-3450. Today will be our last live Introduction Seminars of the year unless we feel there's a demand over the next few weeks. We'll continue our Wednesday webinars at 2:00 MST but again, with the holidays, we understand that people are very busy and have other things on their mind.
Our first Boot Camps have been going very well this week and we're receiving good feedback. If you register in the month of December it is only $195 but starting in January the price will go to its regular fee of $495 for the 12 hour course - essentially the price of 1 contract on the S&P 500 market. We will have live classes at our South Jordan location and webinars for people who are out of state and will also have day and evening classes available. We cover everything from Market Mover strategies and concepts to creating your own personal trading style to the psychology of trading to how to handle profits/losses on your taxes. It is full of helpful and useful information that will only make you a better trader. Market Mover Trading strategies certainly stand on their own and are worth every penny, but the Boot Camp will get you up to par faster so that you can become a successful trader with good, solid habits even sooner. We will have two more day sessions on the 28th and 29th of this month that will cover the 12 hours of material between those two days. Remember, we are the only educational resource that Market Mover Trading allows or endorses and we appreciate their vote of confidence.
The Long and Short of It covers the make-or-break-it importance of journal keeping (successful traders do it faithfully, so-so or non-successful traders almost always don't) and The Two Cents covers Christmas Charities and the critical role they play this time of year: http://www.youtube.com/watch?v=wDCdgzVZEg4
Lastly, here is Bob Kirkman's email from today. He is another Market Mover Trader who joined in September but didn't start paper trading until October. He then went live a few weeks ago and is having a goodly amount of success. Good Morning, Let me start off with yesterday's FOMC announcement. The day was really weird. I did trade the FOMC and lost. I lost my internet connection in the process. A good learning experience. Overall for the day I won 2 and lost 1. The loss hurt though....ouch....I hope I have my hardware challenges fixed by next week. This morning there was the unemployment announcement at 6:30 AM. I traded the initial movement and made 10% and then traded the correction and made another 5%. At 8:00 AM was the Philly fed Manufacturing Index. The news feed came in a little late but better than expected and the market went up. I made another 10% on this trade. I placed an order to play the correction but did not get filled so I canceled it and called it a day at +25% There is not an announcement tomorrow, so a 3 day trade weekend! Here we come! Have a great Holiday Season!
Have a good rest of the week and we'll touch base next Monday -Amy