I wasn't feeling very good today. Usually, I will not trade when I'm not in good health but I still felt I can pull it off if I take a few breaks, which I did. ---------------------------------------------------------------------------------------- 7 Trades - 6 Winners, 1 Loser 2 EUR Trades = +0.0007 = +$87.5 per contract 2 ER2 Trades = +5 = +$500 per contract 3 ES Trades = 4.5 = +$225 per contract ------------- = +$812.5 per contract ---------------------------------------------------------------------------------------- 1/28/04 Time Pos inst Price Result Entry/Exit reason 9:12 Short EUR 1.2557 Scalp it 9:13 Stop EUR 1.2560 -0.0003 Bad start 9:34 Short ES 1146.5 Tape turned bearish 9:41 Stop ES 1146.25 +0.25 Stopped out, I still think it should go down 9:55 Short ES 1146.5 What am I gonna do with my conviction??? 10:15 Cover ES 1146.25 +0.25 That one went out the window 11:04 Short EUR 1.2575 Scalp 11:12 Cover EUR 1.2565 +0.001 Reached preset target 11:59 Short ER2 595.8 Weakness on other indices 12:55 Cover ER2 594.8 +1 What a torture. I planned on staying for the long haul but this is too much 14:22 Short ES 1141 Woohoo, let's roll (*) 14:23 Cover ES 1137 +4 Hit my default target - Didn't even give me a chance to move it 15:18 Short ER2 588 Why stop now? 15:32 Cover ER2 584 +4 Lost connection to IB, now that it's back i'm not taking chances (*) - This trade breaks one of the basic rules in my trading: "Dont sell a selloff". I took this trade because I had a very strong "feel" that this has much more room. ---------------------------------------------------------------------------------------- Since I started having problems with the connection to IB toward the end of the day (look at the last trade) I'm finishing the day early.
TMTrader, Congratulations with your trading today! You hit 6 of 7 on a day when you were under the weather, awesome. Keep it up.
Thank you. As I said before, I try not to trade when I'm not feeling well, but I was feeling just well enough to spend some of the time infront of the screen. TM Trader
Today I came in late, losing my bread and butter zone (the 9:30-11:30 timeframe) which I ejoy and profit from mostly. ---------------------------------------------------------------------------------------- 6 Trades - 5 Winners, 1 Loser 4 ES trades = +9 = $450 per contract 2 EUR Trades = +0.00012 = $150 per contract ------------- = +$600 per contract ---------------------------------------------------------------------------------------- 1/29/04 11:48 Long ES 1127 Will try to hold this for the long haul - Will keep a wide stop unless conditions change 11:52 Long ES 1126 - Add It's gonna go up there (*) 11:55 Long ES 1125 - Add Conviction - Now averaged Long @ 1126 - General market conditions still support this trade (*) 13:07 Cover ES 1126.5 +0.5 Will exit and wait for a better entry if conditions allow it 13:41 Short EUR 1.2397 Exhaustion move 13:43 Cover EUR 1.2395 +0.0002 Too slow 14:00 Long EUR 1.2365 Super-scalp 14:02 Cover EUR 1.2375 +0.001 Done 14:08 Long ES 1124 Long re-entry 14:17 Cover 1/2 1128 +4 Partial 14:48 Cover 1/2 1128 +4 Looks like weakness, might renter again later 14:52 Long ES 1126 Another long re-entry 14:57 Cover 1/2 1130 +4 Partial 15:04 Cover 1/2 1132 +6 Will wait for re-entry if I get a chance 15:41 Long ES 1131 End of day rally? 16:09 Cover ES 1030.5 -0.5 It's not happening (*) - Averaging down is not my usual style, but everything pointed it's "suppose" to go up. ---------------------------------------------------------------------------------------- Tomorrow Iâm going to take the day off.
TMT, What's your methodology here? Are you going to write about how you make your trading decisions? TIA
Traded 4 days this week and had an exceptionally high weekly hit rate of 85.7%. This happened to me a few times in the past and in most cases subsequented in a few hard trades. I do not believe it's psychological (since I keep success only as a statistic and do not let it bother me emotionally), just a way of things to align themselves I guess. Weekly Results 28 Trades - 24 Winners, 4 losers - 85.7% hit rate 11 ER2 Trades = +15.75 = +$1575 per contract 7 EUR Trades = +0.003 = +$375 per contract 2 YM Trades = 5 = +$25 per contract 8 ES Trades = 4.625 = +$731.25 per contract -------------------------- = +$2706.25 per contract TM Trader