Oh No, NOT Another S&P EMini journal...

Once again, very unimpressive price action so far. I do not want to give my money back to Mr. Market. So, I will wait until Bernanke's speech to see any resolution. If not, I am done trading for the day and for the month.

 

August 2006 Performance Data:

Starting Capital = $20,000
Profit for August = $8,557.00
Losses for August = $1,748.00
Net Profit for August = $6,809.00
Percent return on capital = $34%

 

Long 5 ES contracts @ 1297.50
Closed at @ 1298.00 for net profit =$107.50

 

Long 5 ES contracts @ 1297.50
Closed at @ 1298.50 for net profit =$232.50

 

Short 5 ES contracts @ 1299.25
Closed at @ 1299.00 for net profit =$45.00

 

Short 5 ES contracts @ 1299.00
Closed at @ 1298.50 for net profit =$107.50

 

Long 5 ES contracts @ 1297.50
Closed at @ 1298.00 for net profit =$107.50

 

Long 5 ES contracts @ 1297.50
Closed at @ 1298.00 for net profit =$107.50

 

Long 5 ES contracts @ 1297.75
Closed at @ 1298.25 for net profit =$107.50

 

Standing aside until the crude inventories data comes out at 10.30 AM.