5/11/11 Trade results: 5 trades, $155 Profit

Here is the chart from today. As I said earlier, I will be posting information about our trading strategy. The main aspects that we emphasized today was:

- Take trades in the current direction of the market.

- Patiently wait for the entry signal / momentum to build up.

- If in a position, and the trade is invalidated, exit immediately, don't wait for your full stop to get hit at 2 point. The 2 point stop is more of a safety precaution. If conditions change, and you recognize this, manage the trade properly and exit- profit, loss, B/E: doesn't matter.

- Recognize when to participate in the market (when its moving) and when to not participate (when its ranging / signals and direction are unclear)

5 trades, $155 profit today.