Long 2+1+1 = 4c Closed for net loss = $164.00 Total Trades for the day = 11 contracts Total net loss for the day = $516.50 DONE FOR THE DAY MAX DAILY LOSS LIMIT FOR THIS ACCOUNT ($500)
Thanks, but too late for me, at least for today. I expected the gap to be closed after the open, and not before the open.... So I was stuck in the longs too long.... Maybe I am trying to catch every possibility. I should have just waited till the regular open and position myself for the gap-closing, since (at 1280) we were already close to 1275.
1. Long 2+1+1 = 4c 2. Long 2+1+1 = 4c Closed both trades for net profit = $276.00 Flat before 8.30 AM monthly jobs report.
Went Long (2+1+1) 4 contracts at open. Got chopped up for a loss. So reversed into a short (2+2+2) 6 contracts and got chopped up again. Closed trading for the day. Max loss $500 reached.
Hello Goodday, I always wait a few minutes to see if The ES is settling in a direction after the opening--3 to 5 minutes. Do you go in before it opens, after the bell or wait? I use a 50 tick chart to establish my entry point.