First foray in trading ES

Discussion in 'Index Futures' started by BeatingtheSP500, Oct 8, 2008.

  1. I had to take my mind off watching the rest of my portfolio fall apart so I started day-trading the ES today. Been contemplating it for a while though.

    5 trades:

    +5.0
    +1.5
    +1.25
    +1.75
    +1.75

    Just a small pain ease though.

    It seems there is a concerted effort to short the S&P futures - Islamic fundamentalists perhaps? Terrorism?
     
  2. jtnet

    jtnet

    post pics
     
  3. Here ya go:
     
  4. jtnet

    jtnet

    u still left your account number in bro lol
     
  5. Thanks
     
  6. Here it is:
     
  7. oraclewizard77

    oraclewizard77 Moderator

    Good job.
     
  8. rickf

    rickf

    Congrats on joining the world of futures traders ... looks like you're off to a good start!
     
  9. I think I got lucky by not trying to manage 'mean reversion' during the last 30 minutes (300pt dow selloff). I'm going to continue with it next week, and I KNOW I will have to accept losing trades (and not letting a small loser turn into a big one). I think I am aiming for small profits on the winners, a little larger losses on the losers, but a high win percentage.

    Perhaps 75% win 1.75
    and 25% lose 3.25

    (though I'm sure I'll have -20 loser lol)

    Time will tell.

    Any comments appreciated.
     
  10. rickf

    rickf

    Mean reversion, as far as I know, is a counter-trend strategy .... those have's been dangerous to me since that's trying to pick tops and bottoms. Been burned too many times doing that.

    I'm a trend trader, but when the price 'reverts' or retraces to a set point, I may re-enter a trend trade rather than reverse the current trend to ride a short intra-trend movement.

    Just my 2 cents. :)
     
    #10     Oct 9, 2008