thinking about renaming this journal 'how not to trade the ES' or 'the stop out journal' I repeat: WORST. JOURNAL. EVER. lol
data from yesterday TRANSACTIONS Futures USD Description Date Time Exchange Qty T.Price S.Price Commiss P/L Code ES DEC08 2008-09-23, 09:03:04 GLOBEX 1 1,212.0000 1,187.0000 -2.40 -1,252.40 O ES DEC08 2008-09-23, 09:14:42 GLOBEX -1 1,210.5000 1,187.0000 -2.40 1,172.60 C ES DEC08 2008-09-23, 09:23:50 GLOBEX 1 1,211.7500 1,187.0000 -2.40 -1,239.90 O ES DEC08 2008-09-23, 09:29:35 GLOBEX -1 1,210.2500 1,187.0000 -2.40 1,160.10 C ES DEC08 2008-09-23, 10:04:32 GLOBEX 1 1,217.0000 1,187.0000 -2.40 -1,502.40 O ES DEC08 2008-09-23, 10:05:16 GLOBEX 1 1,218.5000 1,187.0000 -2.40 -1,577.40 O ES DEC08 2008-09-23, 10:05:35 GLOBEX -1 1,218.7500 1,187.0000 -2.40 1,585.10 C ES DEC08 2008-09-23, 10:45:08 GLOBEX -1 1,213.7500 1,187.0000 -2.40 1,335.10 C ES DEC08 2008-09-23, 11:00:51 GLOBEX -1 1,208.5000 1,187.0000 -2.40 1,072.60 O ES DEC08 2008-09-23, 11:01:58 GLOBEX 1 1,211.5000 1,187.0000 -2.40 -1,227.40 C ES DEC08 2008-09-23, 11:05:55 GLOBEX -1 1,207.5000 1,187.0000 -2.40 1,022.60 O ES DEC08 2008-09-23, 11:14:03 GLOBEX 1 1,212.2500 1,187.0000 -2.40 -1,264.90 C ES DEC08 2008-09-23, 11:37:22 GLOBEX -1 1,212.7500 1,187.0000 -2.40 1,285.10 O ES DEC08 2008-09-23, 12:00:22 GLOBEX 1 1,209.7500 1,187.0000 -2.40 -1,139.90 C Total -33.60 -571.10
don't have the earlier trades on the chart as it's only a chart from 9:30, will change that tomorrow 1st trade: now notice that the MA were going down should have sold earlier. lesson learned (i hope) 2nd trade: quick stop out. looks like i followed the rules here 3rd trade: MA's sloping up, hmmm probably should have gotten out sooner 4rd trade closed out trade to stop for lunch actually my only winner
Good luck w/ the journal. As another has said, get the rules written and try to follow them. Screenshots might get others more involved too. Try SnagIt, very nice screen capture tool. http://www.techsmith.com/screen-capture.asp
yes brownsfan, had a chart that i marked my buys and sells on but i can't see it on the attachment damn gremlins