Trading the ER? No problem... we get along just fine. Trading the ES? That symbol continues to get more and more spiky = choppy all the time. Decided to scalp for handles (never ticks, yikes) and bank the daily quota with less sitting in this chair watching bars flip up & down. Brushing up on my personal skills for "scalping" ES. Mainly trading strategic breakouts in harmony with directional momentum. Today was not the easiest for that... swings were all over the map in W-shape fashion. Bottom line: +39 points ES on twenty-plus individual turns. No big runs were captured, just grinding for +2pts ~ +4pts until we caught the highly-expected squeeze upwards into closing bell. Blotter here and next post chronicles fills. I didn't take my shoes and socks off to tally total turns, but it was more than enough. Objective is top average +4pts daily / +80pts monthly over the long haul. It's a lot of work, but scalping for handles will get us there.
Each two-lot turn represents unique entry signal. Couple of averaged-up scale trades at different entry signals on the chart were exited on an all-out basis, as always.
<i>"Soooooooo...what, exactly, was your P/L? I can't decipher it."</i> $3,900 gross (before costs) = 39 points x two contracts. Sorry to omit that detail earlier :eek:
i'm the dumbest trader here.... damn immediately got hit when system had problems couldn't see the quotes and got hit -660 with my first trade.... tried making to bounce back but my short still shot up and my long just disintegrated to hell what a day.... this is my WORST WORST WORST day EVERRRRRRRRRR down -$1240 for the day i can't believe this day everything just didn't go my way not a single trade.... well enough sour graping just needed to vent out .... goodluck to everyone i'll be back with a vengeance hahahahahaha
Bought & sold a few times this morning for modest gains. When the ES rolled over and broke out of key consolidation, we held short and let it flow with the trend. Covered at 22.50 on a trail, probably too soon but I'm done trading for today. 70F temps outside, last day of "spring" until March. Who amongst us would keep banging away on keyboards in a day like this, when we can be outside enjoying life itself? Tally for the morning is +18pts ES, still ahead of expected average. ER offered considerably easier trading = bigger profit potential (per contract) than ES as usual, back to trading both symbols tomorrow.