<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1776384> I must have been really out of it last night. f..ck!! Dammmnn.... those executions were on Jan 18 - not Jan 12. Mia Culpa rj
Jan 21 Trades --- None. MLKing Holiday. Jan 22 Trades. In Order: +17 +4 +10 +4 = +35 tics <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1777752>
Jan 24 Trades. In order: +28 +5 -4 +6 +10 = +45 tics. Time = CST. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1780682>
Jan 25 Trades. Open: Flat. Close: 1 short @ 12201. In FIFO order. +13 +6 +19 +36 +4 = +78 tics. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1782365>
innit time to increase/double position size? ja, it's tough. in this discipline the one toughest challenge. but has to be dealt with or there'll be trouble: serious trouble. more so if you have a dinamic personality needing constant stimuli to keep performing. best, piero
Bit ... oening a position with 2 or more cars is scarey. Im not real sure i have enough experience - only been focused on the YM for about 1.5 yrs. What i have been doing sometimes though, is holding an open contract while i trade another one along side. And, a few times i have even played two cars along side - 3 cars open at once. For my experience level with the YM thats a lot of risk. Piero, this has got me worried ..." in this discipline the one toughest challenge. but has to be dealt with or there'll be trouble: serious trouble." Im hoping you would say a little more when you can. regards ... rj
If you're concerned about the risk of trading more than one contract, ask yourself this question: How much money do I need to trade 1 contract? OK, now, when you have twice that amount, add another contract. Then, when you have three times that amoung add a third contract. *** Example: I need $2,000 to daytrade one YM contract. So when I have $4,000, I will daytrade 2 YM contracts. If the initial position is stopped out and my account goes back down to $3,900 I will continue to trade 1 contract until I reach my benchmark again. The same for 3 contracts when your account hits $6,000. Etc.
MandelbrotSet ... Of course, you are right although some advocate having as much as 5k per contract. I lean more to the calculation you stated. For example, the PureTick guys advocate the 5k amount per car. As far as my over all acct situation im ok: 31.3K size leveraged at 0.23 today. I could easily swing a lot more contracts as far as margin goes. I have various concerns i may need to work on. Im getting way to much of a short bias the last six months. 90% of my trades have been shorts. Its true that ive made some $$ and paid off my "YM tuition" several months ago. Market has been trending down which can cover me if i make a sloppy short entry sometimes so im very much questioning my true skill level. Thats whats making me reluctant to size up a bit when opening a trade. I dont necessarily always want be a piker though.
Jan 28 Trades. Trades were made on Sun night. Open: 1 short @ 12201 carried over wkend - see previous. Close: Flat. +25 +33. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1783613>