Ego Challenge (29 Sept 2003)

Very nicely done T- Rex!

 

Thanks. Not such a bad job yourself.

 

but I did half your number of points with several times the number of trades. 1 trade 12 points is impressive, I would say you will be hard to beat today.

 

But that was 12 NQ pts. To be fair, I think we should take your ES points and multiply them by 2.5 to get the equivalent NQ pts

-FastTrader

 

Nevertheless give me 1 trade with 12 points vs. a bunch of trades with a point here and there any day! Grinding is not fun (done more than my share over the years) which is why I usually don't engage in it.

What's more a good grinder (like AMT Friday) would have whipped me today as I missed so many good trades (quite apart from missing the main move of the day).

 

Do you normally swing trade the S&P futures? How long do you typically hold?

-FastTrader

 

I will trade anything that looks good (currently have positions in YG,AZ, and NQ). Usually hold days or weeks, very rarely months. That is unless I get stopped out which happens very quickly if I am wrong (sometimes the same day or within a day or two max.)

 

b100 100200

 

s200 100425

 

+15.50 points per contract (127% of day's range).

if i was really trading 100 contracts, that would be $77,500.