Thoughts: Bad entry. Thought it was firming up. Just pausing before weakening further. Don't initiate more trades until after lunch.
Lunchtime: Put my stop in at 1033.00 in case of disaster. Too impatient on this trade. Should have waited until after lunch. Oh well, time to eat.
I think that 1k is little bit too ambitious . To blow 50k is just not necessary, invest some bucks in index trading education and you will be much better off. You just do not sound like an experienced trader. Walter
i am looking forward to seeing how this turns out. i like the intuition thing. go for it and good luck.
Back from lunch. I see my stop wasn't hit so I'm still long from 38.25. Only about a 7 pt range so far so maybe there's some upside left. I expect a down move around 2:30 ET, so maybe I'll bank this little profit soon.
We'll see about the 1k goal. That's only 4 pts/day. It looks to me like the ES has it to give. Don't worry about me. I'm in the 50% bracket. Although I allocated 50k to this test, I'd probably bail if I have a 25k loss. With the govt as my partner, I'd only lose 12.5k of real money. I've blown that much partying in NYC over a weekend.