$2,000 to $200,000 in 2020 at 2.00% per day.

Still, he may want to consider reviewing his MFE and MAE.

 

By the way, I see a 190 point range on the ES from Midnight to close from today. Yikes!

 

Yeah I realized that I was looking at today's (after 6pm) range. Updated it. Huge range man. Need some balls to play it.

 

Yeah, tomorrow is another day. Time for chillin'.

 

6 good short scalps up against the resistance zone at 20,000 MYM






I am about to cross the $5k mark, and things are getting fun. Scary out there right now in the market, and I am trying to be really careful.

And to top it off, the Salt Lake City, Utah area had its first earthquake in hundreds of years this very morning. Geezzz. Viruses, Earthquakes. What is next?

 

Three more shorts around the time of the lock-limit down. Ouch on the last one. I was right on the direction, but must honor the stops! We are not here to be right, but to safely increase the account balance each day.

Will this hemorrhaging ever end?

 

Turns out the last earthquake here was 80 years ago. But they still said we are 200 years overdue for a "big one."

I crossed the $5,000 mark today! Will see tonight where I ended up. I really wish AMP and Multicharts could sync in such a way that the commissions were factored in live.

Say what? Looks like Kudlow says the government may do outright stock purchases to prop up the market. https://www.zerohedge.com/markets/kudlow-says-us-may-take-equity-position-part-coming-bailouts

Wow.

 

Still working on the MAE and MFE with Multicharts. I like those numbers a lot. More important is the AAE and AFE. (Average adverse excursion and Average favorable excursion.) But this market is totally nuts right now, so these stats will be fairly meaningless for a few more days/weeks/months.

 

The market is still nuts, but that doesn't mean I can lose my head. It means that I need to be even more selective with my trades.

I was up this morning and then chop - chop - chop - whack down went my balance, but I fought my way back:

17 trades and all long. Hmmm, guess I had a long bias! I was on the MNQ because it was more positive on the day than MYM.



Starting at the bottom of the trade blotter and moving up.

$20, $9, $20 (the 3rd trade was a double; oooh, I took 2 lots!):



-$15, -$17, -$11, -$12, $24, $26, $9, $14, $2



$8, $14



$17


$30, $60



Overall, I should be at about $170 for the day. I will see tonight.

 

Based on an estimated $170 today, here is the chart update. I am averaging about 2.3% per day. Despite the votes to the contrary, until this market calms down a bit, I will stay with 1 or 2 micro contracts per trade instead of 8 or 9 or 10