instrument: ES emini futures trade size: 2 to 8 ES contracts acct balance: 09/19: $50,000 acct balance: 09/26: $57,000 (+14%) Mon 9/26: +$2025 Tue 9/27: $0 Wed 9/28: +$2425 Thu 9/29: +$2400 Fri 9/30: (-$1600) âââââââ- Total Cumulative: +$5,250 Peak Intraday High: +$7,250 (Thursday afternoon, also Friday premarket) acct balance: 10/03: $62,000 (+24%) ** Weekly objective for this account is +$5,000 minimum performance with $10,000 targeted goal. When account reaches $100,000 balance, trade size increased to 8-16 ES contracts with weekly objectives likewise doubled accordingly. See you next week
Nice trading Austinp for the week. Had 2 questions- 1.With max PL ~ $2500 and 8 ES contracts average ES pt/contract was 5. This looks like a good target from my perspective when average vix is 35 . So what happens in month like May 11 when avg vix was 19 ? As per the calculations done in the spread sheet do you agree the the target should be 2.7 pts? 2. On 9/27 the Gap was up was +21 and vix was down 8 % at open. So did you not trade that day or it was a BE trade ? Do you use some kind of early signs to determine such unfavorable day( for me it was ) that is better off not trading ?
#1: Many months (or more likely years) from now when volatility and ranges contract, +2pts - +5pts daily is still very reasonable. Calmer tapes permit larger size blocks to be turned with equal risk as wild tapes and violent whipsaws now. If/when volatility and ranges contract, larger block sizes and smaller stops for the same capital at work. #2: I went -$1,200 in the morning and +$1,200 in the afternoon... including a failed usb mouse that quit functioning in the heart of final-hour downdraft.