Alright, after some considerations i start a journal posting my discretionary trades in real-time (or near real-time). I won't tell much about me to begin with... Account is around 500k $, trading through IB. I trade a lot of different stuff, and i will post all futures, currency and Stock trades in here from now on. Starting balance: 500k USD
Trade Open SPI (Australian Stock Index Future) on SNFE Position: Plenty of Shorts Reason for Trade: Looking for lower prices soon, as first reaction after weekend seems too big (considering jump in currencies - other markets closed due to us holidays... japan will open in 45 minuts) - a lot of stops got hit. Total Short: 40 Futures SPI@SNFE (25 AU$ / point -> 1'000 AU$ total / point) Avg Price: 4223.60 Scaled in from mid 4210-20. Current Price: 4226. Looking to Scale out at lower levels Stop - time/price depending - not yet established
Short EUR/USD. Reason for Trade: Overreaction and Stop driven up-move on low US-holiday volume Position: -900k @ 1.3234. (9'000 per 0.01) Current Price: 1.3236 Target: Looking for <1.32 Stop: time/price dependant, probably in the 1.329 region
>>Position Update<< Added another 600K, to the EUR/USD short @ 1.3225. Pos now: 1.5M short @ 1.32316 Current Price: 1.3225
To add a bit mor insight in those trading decisions: I was expecting the market to pop up somewhat due to the week-end news. They were all pretty good at first sight: - China central Bank lowering reserve ratio requirement - No greek default But then again at a second look and considering the market run-up, they seem more like neutral or even slightly negative... - China must have good reasons to do so (btw. the second time within a month), considering the inflationary pressure... Black clouds down the road? - No news on greece, well... more or less neutral... no default but also still no solution, and no surprise there are no news, at EU ministers meet on Monday.
>>Position Update<< I took some SPI off the table (8 / 40), as EUR/USD seems to be holding steady to it's gains for now... Position Update: 32 SPI, bought back 8 (4220,21,2@22,2@23,2@24) - Stop on the rest -> 4245-50ish (PnL will be updated, as soon as whole position is closed).
>>Position Update<< EUR/USD: Closed out 200k @ 1.3213. Entered a Scale Order for the remaininng 1.8M with 50k at each 0.0002 Price Step. 1.3211 - 1.3141 Looking for a consolidation, now as japan markets just openned
>> Position Update << SPI: Took some more off at 4221-22ish, as market still steady, and some upside risk with chinese/hong kong markets soon openning. EUR/USD: Part of Scale Order got hit Remaining Position: SPI@SNFE: 20 Short EURUSD: -1.65M
>> Close << After closing some more SPI at sub 4220 and some scalping in the past 2 hours there (closing some <4220 and reentry around 4225: started doing this after it moved back and forth for a while. actually traded 118 on each side to end, never exceeding a position size of 40 - actually after the post above never more than 20), i closed the remainder of the position at the entry. Made a decent profit, however scenario didn't play out as expected, with the market moving into sidewards trading, rather than a pullback on the big gap up. Finally closed the whole position, as often enough on US holidays and no initial pullback, we'll see some more buying towards days end. EUR/USD also just closed, only chopiness there now... (here the scalp like short trading took some of the position profit) Profit/Loss including Commission: SPI: 5655.56 AU$ = +6098 US$ (with a max risk of almost 30k USD) EUR/USD: +276 US$ __________ New Balance: 506'374 (+6'374) Open Positions: None This won't be a typical day, as i took a pretty big position due to higher than average conviction of my scenario.
>> Trade Open << Bought some FDAX at 690x levels after first pull back after open, as asian markets were pretty strong into close, and looking for some stop rally on official underlying market open in 25 min. Took some off already, now 2 long left with entry 6906, and a small profit of the already closed part. Target: >6915 Stop: 6890.5 after official market open, in premarket time and newsflow dependant