Total $18.7K, no idea how many shares/contracts I traded. The ugly thing is I bot 4400 shares of NYX at cost of 93.6x, it went to 95, then down to less than 93. I cut at 93.2X, then it went to 96+. I got a little bit panic on it. Otherwise I coud get $10K more. Too much regret today, Did not do well on NYX/CME option althoug I made some money from them.
<b>ES 54 contracts traded, four turns, -4pts total / -$10,462.50 <u>Mid-month cumulative tally:</u> -2pts ES / -$100 per contract</b> * Two weeks of trading this account, par results at midpoint for November. The markets are moving... why ain't we rich yet? It's all about the execution side of our trades. Directional bias is correct more often than not; which is one part of the equation. Profitable execution is the other part. #1: We now have a -4pt intraday max loss shutdown. That would have saved -4pts in the 11/02 session. Have not come close to that -4pt max since then until today. #2: I cut too many eventual +4pt to +8pt winners off at par to +2pt gain results. Leaving trailed stops much more relaxed would have added at least another +16pts to the current tally. #3: MIT orders instead of limit orders on entry. By far the biggest points' thief has been trades where entry price was hit but not traded thru. Yesterday I had two attempts at early shorts off the open hit the price limit each time, no fill. First entry would have offered at least +6pts, lower attempt at least +4pts. This morning I tried to buy the ES at 1398 and then 1398.25 as price action ledged upward. Prices traded into those orders several times, but never traded thru for a fill. Market went past 1402 prior to 2:00pm econ news. MIT orders will mandate slightly wider initial stops by a tick or two, but the initial stop loss is seldom hit anyway. We are more often taken out for -1pt after price action goes at least +1.5pts in favor. * Relax the trail stops, hold for bigger gains in our trades already there for our taking. MIT orders instead of stop-limit entries. Those two tweaks would have produced at least +20pts net to date, perhaps much more. Eight sessions remain this month beside expiry Friday (tomorrow) and Black Friday holiday (next week).
<b>ES 54 contracts, two turns, -2.25pts = -$5,737.50 Nov 06 cumulative: -4.25pts ES</b> Four point total price range from 9:30am thru 1:44pm EST... four clock hours in the pits. By the same measure, ES rose +7pts between 8:30am and 8:35am est off reaction to econ news. Index option cessation of trading today may cause some pins. However, most of the major 8:30am econ report sessions have more movement right after news than entire pit session to follow. I have traded FX = currency strangles (brackets) ahead of such reports for couple of years now. Will switch to trading ES ahead of known news events instead... lots of directional moves, occasional sideways chop in reaction. Shut the ES down early today due to no range. Buy signal near 1404 flashed for a few hours, but was ignored. No ES trading on expiry Friday for me, just ER. * ER has traded erratic but viable today. Up +3pts after four turns, fifth & last position short right now from 795.90 = stop 795.90 Total ER gains since 11/01 is +21, should be more than +50pts but I've neglected that one to focus on ES fine tuning. One session alone (11/03) was good for +10pts ER, so the balance was spread amongst other sessions. There is a reason why most retail traders have shifted to ER or YM to trade: ES is very challenging with VIX laying flat on the floor. ES is the only emini symbol with enough size for managed accounts, and it is possible to profit within. Just much tougher (imo) than the ER by far.
dug an early hole that i managed to crawl out of but had the specialist beating me over the head with the shovel the rest of the day. still no posting abilities net 250