Something to think over... why are you trying to short the Strongest contract (of s&P and Dow) on a UP day after a huge UP day in a BULL Market ? I have done the mistakes that you did and around the same timeframe as you. Its very tuf for me to tell yopu to reconsider, as I know how it feels when Trading is all you got and some one tells you you might be doing something wrong. Anyways sisnce you are here, I believe you are openn to criticism. I am not sure if I personally recommend anyone Daytrading a futures contract for a newbie (you are a newbie untill you are not consitent winner) gudluck.
gaining $145 now stop still at break even, and I don't take profit... my strategy is lots of small loss and a few big winners. If only I could keep the loss small....
gaining $180 now stop always at break even anyway.... it's hard to act like this when you came from 6 consecutive days of losses... but my strategy impose to catche the big moves and try to limit losses...
gaining $200 from this current trade, I moved my stop sto -$100 for the day commission included... don't know if it is the right move but I can't lose $200 today too
reversed my position, as the dax and YM are over good supports... but maybe we are too close to the low of the day and the market could break down... this is my last trade if my stop will be hit...
stopped and re-enterd long for the very last trade, I sow dax and YM holding... stop very close anyway...