Today I decided to try a different approach. Normally I would continue to trade after the open but instead I took my money ran. My net P/L to commission ratio is one of the best ever. This was all done using my scalping setups (no lucky home runs). Started trading 7:10 am and done by 8:45 am (EST). Here are today's results: Products traded: ES, ER2 Contracts: 11 Opening balance: 1284 Closing balance: 1569 Net P/L: 285 Discipline: 5
FYI: The game of Rugby originated in 1823 England at a private school in a town named Rugby in the county of Warwickshire (pronounced Wariksheer). The game Rugby is played throughout the world. The All Blacks do play a good game but just like traders, they too have their losers Sorry to anyone offended by the off topic.
i agree, though i think it can prove useful to grade your trades. with a scalping system, this might take some time, but not in the long run. at the end of the day, tally up your graded trades and look for your strengths and areas for development. for example, you might see that you always adhere to rule #1 but score about 60% on rule #3 through the day and across sessions. dig into it and beef up your grade. hth kudos on the thread too
I assume this borkerage account is the same account in which you started the 800-250,000 thread. If so, then this particular thread is over as well.
Good day on ES but ER2 wiped out all my gains. Starting tomorrow I will only trade ES. Points taken in discipline for overtrading and for being stubborn. Products traded: ES, ER2 Contracts: 79 Opening balance: 1569 Closing balance: 1417 Net P/L: -151 Discipline: 3
You traded 79 contracts today? Today was an uptrend all freaking day. These are the bread and butter days. You have got to be able to capture a squeeze as furious as today's to make trading more than a hobby. I made my month's take just today. Why did you overtrade and not just ride the trend?
Trend or no trend I have to stick to my strategy. If I skipped ER2 I would have been up over 500 today.