S&P, Dow, and Nasdaq Position Trader

Discussion in 'Journals' started by futuresRX, Aug 5, 2008.

  1. Still actively trading hogs in the pit (although summer volume was not so great; so wasn't there that much). Usually have some hog spreads on too, but none on right now.

    Order to buy 10 at 1270.00 filled. Target is 1278 for today.
     
    #51     Sep 3, 2008
  2. Sold the 10 at 1278.00 with the limit that was in since morning. Profit today is 8 points on 10 cars, or $4,000.00.

    Running realized is now $82,700.00.
     
    #52     Sep 3, 2008
  3. Just bought 10 contracts at 1268.00. Looking for 1275.00 today, limit order in.

    Planning to add at 1260, 1255, and then stop on close below 1250.
     
    #53     Sep 4, 2008
  4. HooLee

    HooLee

    I understand you have a 20pt max stop, do you exit intraday or wait for close ?

    Job well done, I enjoy reading your journal.
     
    #54     Sep 4, 2008
  5. Your first stop in the thread. :(
     
    #55     Sep 4, 2008
  6. Yes, first stop, but that was probably bound to happen sometime.

    I added 1259.00, 10 cars, to make average 1263.50 and then added 1254.00, 5 cars, to make average around 1261.50 and then stopped at 1244.50 after lunch.

    This is a $21,250.00 loss, bring the running realized profit to $61,450.00.

    In the overnight electronic market, I just went long 10 at 1229.00 and plan to add 5 at 1222.00 overnight (if we get that low, limit order in). Target is 1240 on this trade.

    This really was a surprising move to me today; although in hindsight (obviously) I should have seen that the previous Support/Resistance levels would be broken soon. However, I did not expect an added downward day after I added at 1259 and then at 1254.00. Thinking we might get a relief rally tomorrow morning even if NFP is bad, I believe it is built into this down day in the market.

    Just also bought 5 NQ U8 at 1764.00, looking for 1800 on it. Willing to hold over weekend.
     
    #56     Sep 4, 2008
  7. Thanks, very helpful.
     
    #57     Sep 4, 2008
  8. I did get to add 5 at 1222.00 to make the average 1226.67 on 15 contracts. Sadly, to make up for yesterday's large loss, I didn't get to add any more. Currently ITM on the ES overnight long by about 13.50 points, or $10,185.00. Also ITM on the NQ long by 4.75 points, or $475.00 total.
     
    #58     Sep 5, 2008
  9. Well I certainly just made up for the loss!!! :D

    Just sold ES 1272 (15 contracts) and NQ 1810.25 (5 contracts) for profit of $33,997.50 on ES longs and $4,625.00 on the NQs.

    Glad I could profit off the bailout/Treasury FNM/FRE measures!

    This makes the running realized profit $100,072.50.
     
    #59     Sep 7, 2008
  10. Won't be trading today, but have entered the following limit orders as targets for entries:
    (on ES)

    Short 10 @ 1293.50
    Short 10 @ 1299.00
    Short 10 @ 1304.00

    Long 10 @ 1250.00
    Long 10 @ 1240.00
     
    #60     Sep 9, 2008