Trader Mom @ Home

Yesterday, I decided to start posting both my swing trades and day trades real time in my portfolio.  For starters, I used to post my day trades real time only.  Nothing speaks lounder than real time trades.  But how can you really take advantage of this? And why am I doing this?

To be able to successfully piggyback my trades, you need to meet the following prerequisites.

1. You know there is tons of risk involved in trading.
2. If you still can not cut your losers quickly and mercilessly, please do not follow my trades. You will lose your underwear.
3. You will only blame yourself for a losing trade instead of market makers, Mr. Market, your neighbors, your wife/husband/girlfriend/boyfriend, Dupree or me.

So you have met the above conditions. Here is how to take advantage of my real time trades.  I take quite a few trades per day.  The number of trades will be likely doubled and tripled in the future. Therefore, we will have quite a few actionable trades every day unless Trader Mom is too tired to trade or dies of trading one day. If that happens, please help my hubby feed my kid and the 5 gold fish :( 

Here is the core idea. If your entry is better than mine, then you are at less risk than me and vice verse.   Sometimes, it might be a bit late when you see a trade I just took.   For example, I shorted Bidu this afternoon @ 282.24. When you saw it, you should not follow that trade if it was already 281. If it was 283 and you opened a short position, you would be at less risk than me at least.  If my trade ended up a winner, then you would make more than I did.  If it ended up a loser, you would lose less.

Here is another example. You know I have a swing short POT @ 116.74 opened yesterday. Now how many of you shorted into the spike this morning?  It touched 119 and retraced to 115.22.  See the chart below.

 Click on the image to have a better view

• Making money by piggybacking Trader Mom’s trades is good.
• Making more money than Trader Mom by piggybacking  her trades is better.
• Knowing that Trader Mom loses more money than you on one same trade is priceless.

Now what is in it for me?

I would like to create a second income stream from this blog.  I would like you to spend 2 minutes stumbling, tweeting or digging my posts (see all the buttons right below this post).  So my blog might attract more readers.  One day when I have enough readers, I can replace those dirt cheap Google advertisements with good ones.   I am sure if you can make money following my trades, you will be more than happy to help me too!