<b>Mon 7/14:</b> $0 net Was up +$2,900 off the first ER2 short trade by 10am est. Then I shorted down to the lows and bought up to the successive highs... which should have resulted in a $10K+ session. In a bout of stupidity, thought a valid solution to the volatile chop on Friday continued was using wider stops and increasing size. Wrong... that's one good way to give every last cent of realized gains away. <b>Tue 7/15:</b> Back to trading 1-lot / 2-lot with controlled-aggressive stop management, enter again when trades get chopped out, take +3pt ~ +4pt gains when offered. I guess the description of "veteran" trader is doing the same stupid mistakes less and correct actions more. It's not a big deal to average +5pts ER per contract daily over the course of time, and current market action allows for more than that. But, it really is a lot of work in the endless v-turn tapes. These indexes have not seen a near-term bottom event yet, but one is coming soon. High potential that happens Thursday or Friday. If so, we'll be shooting for a personal best day in eminis. Somewhere in the near future there will be a session of price movement covered to be remembered. Until then, just collecting modest cash as usual.
3600 shares /14 trades/ 0 cancels......couldn't short any Banks ...went long QID and SDS and may have gotten out in the nick of time....peace...
got raped again. net -8.75K. I gotta fight thru the worst month ever at -15K now. hope to make up 1/2 at least. wish me luck
-536 Just unlucky today. My computer was frozen when the oil report came out. Could n't get in at the beginning. Couldn't get out as well and turn profit to loss. For Monday and Tuesday, I learnt that I should keep the profit. Never let so much LFT happy again.
This market is really taking it out of me lately. Up 400, down 400; up 960, down 700; back up to flat and touching no shite again, as the charts keep freezing and quotes lagging... Grrrrrrrr Good luck to all!!!