E-mini Surfer

Discussion in 'Journals' started by Bob Jackson, Oct 25, 2002.

  1. What am I thinking... its 'end of the month' craziness.
     
    #11     Oct 31, 2002
  2. * * * * * * * * * P U R C H A S E & S A L E * * * * * * * *
    TRADE SETTL AT BUY SELL CONTRACT DESCRIPTION EX TRADE PRICE CC DEBIT/CREDIT
    ------- ------- -- -------------- -------------- ------------------------------ -- ----------- -- --------------------
    10/31/2 01 1 DEC 02 CBT MINIDOW $2 01 83.76 US
    10/31/2 01 1 DEC 02 CBT MINIDOW $2 01 83.94 US
    01 1* 1* GROSS PROFIT OR LOSS US 36.00DR
    01 TOTAL US 36.00DR
    10/31/2 01 1 DEC 02 EMINI S&P 500 16 892.00 US
    10/31/2 01 1 DEC 02 EMINI S&P 500 16 893.00 US
    10/31/2 01 1 DEC 02 EMINI S&P 500 16 893.00 US
    10/31/2 01 2 DEC 02 EMINI S&P 500 16 893.25 US
    10/31/2 01 1 DEC 02 EMINI S&P 500 16 894.00 US
    10/31/2 01 1 DEC 02 EMINI S&P 500 16 894.75 US
    10/31/2 01 1 DEC 02 EMINI S&P 500 16 894.75 US
    10/31/2 01 1 DEC 02 EMINI S&P 500 16 895.00 US
    10/31/2 01 1 DEC 02 EMINI S&P 500 16 895.75 US
    10/31/2 01 1 DEC 02 EMINI S&P 500 16 896.00 US
    10/31/2 01 1 DEC 02 EMINI S&P 500 16 897.00 US
    01 6* 6* GROSS PROFIT OR LOSS US 137.50DR
    01 TOTAL US 137.50DR
     
    #12     Nov 1, 2002
  3. A total loss yesterday of -275, commissions included. Not the way I hoped it would go. But given the setups, I don't think I would have done much differently, except for the one $2 Dowski trade. The 2 short trades I did first looked to me like classic downside reversal setups. And the third, long at 998 or so, looked like a big upside breakthrough. Once that failed, I SHOULD HAVE moved back to the sell-side, but I didn't think the elephants would give up on 900 so easily. I thought they'd regroup for a second try.
     
    #13     Nov 1, 2002
  4. No trades today, Friday. There was one good play at 10:30am, from 830 to 890+. I saw it happen, but never entered a trade. I admit to being a bit cautious after yesterday's choppiness. And the same choppy quality seemed evident today as well (witness the 10AM 5-min bar, which ranged from 882.5 to 876.5, and finished at 879). So when the next big range-bar came along at 10:30, I was rather skeptical it would have any extension. That said, MACD, u/d, TRIN would have all OK'd the entry. But it felt better to watch, so that's what I did.

    My p/l for the month is an all-time best for me. But as I said in an earlier post, I'm still $3K underwater for the year. 2 months left to change that...

    *** CURRENT MONTH *** *** YEAR-TO-DATE ***
    FUTURES PROFIT OR LOSS US 4,665.00 3,173.22-
     
    #14     Nov 1, 2002
  5. No trades today. I elected not to play the open. U/D + TRIN were way too strong to bother going short. I thought I might have a shot at a good long entry later in the afternoon, because a day like today usually will close at or near the high of the day. Of course, I got busy on some other work and missed the VZ-related move lower in the afternoon - by the time I saw it it was too late to bother with an entry.
     
    #15     Nov 4, 2002
  6. Once again, no trades amid generally slow, light-volume 'bouncy' conditions.
     
    #16     Nov 5, 2002
  7. A loss today of about $330. Went short with one SP-emini this morning at 914, betting on further downside. Closed with a stoploss of $62.50. Post-Fed, put on one $2 Dow e-mini short, then pyramided a second contract. Covered those as the Dow reversed to the post-Fed highs. So much for "sell the news."
     
    #17     Nov 6, 2002
  8. dottom

    dottom

    Bob,

    If you want more feedback on the trades themselves you may want to post a screenshot of your chart and annotate with arrows where you entered/exited. SnagIt is a cool program to do that.

    After you get used to it, it's pretty quick and easy to whip out a chart and annotate it.
     
    #18     Nov 6, 2002
  9. Thanks Dottom, I'll consider it.

    Went short at 8670 this morning, in the pre-open, on the $2 Dow futures. My main reason for doing so was no more technical than I had a feeling the market might just turn to mush, and there might not be a particular inflection point to get in. I would have liked to add a second position on a retest somewhere back near Wednesday highs with a 2-stop above that, but the market opened and just faded away instead. So I'm glad I got in when I did. I had computer problems all day anyway, so playing the SP-emini was out of the question anyway. The short $2 Dow contract is still open...

    Filled Sell 0 Dec 02 AYJ - MINI DOW 2$ - 1 @ 8670 192.00(open)
     
    #19     Nov 7, 2002
  10. Closed out yesterday's $2 Dow short-sale at 8517 for a net overall gain of about $306 w/o commissions. The indexes basically went flat after 11AM or so, and it didn't look like there was much downside left for now, so I offset the trade.
    I was tempted to hold the short over the weekend, but I suspect trading conditions will be thin on Monday (Veterans Day), and the market will likely be pushed around by traders, presumably to the upside.
     
    #20     Nov 8, 2002