out of all 3 at 1715 for 6 points = 300 USD I want to be long till end of year but will wait for a better price point to start building the long position. Total Account equity = 40900+300 = 41,200 USD
So, with the idea of building a medium term LONG position, I am going to put in following limit orders. Limit orders to Buy 1 ES each at 1703, 1705, 1707, 1709, 1711 levels.
Bought 1 ES each at 1707, 1709 and 1711. So, total position now = 3 long ES at average price of 1709.
out of all 3 cars at 1728. PL = 1728-1709 = 19*3 = 57 points = 2850 USD Account Equity = 41200 + 2850 = 44,050 USD
out of all the contracts at 1738. Lost = 3*3 = 9 points = -450 USD, FLAT now A/C Equity = 44,050 - 450 = 43,600 USD