Trading e-minis with $1k starting capital

Discussion in 'Journals' started by IndexScalper, Mar 20, 2008.

  1. Excluding the ES Journal and the AHG thread --- there are precious few exchanges of actual 'nuts and bolts' of the trades people make here - and the why's and wherefores

    a dissapointing aspect of ET



     
    #231     Apr 6, 2008
  2. True - the basis here is scalping - not position trading


     
    #232     Apr 6, 2008
  3. Did you understand my last paragraph.
    It holds the key to low stress scalping

    regards
    f9
     
    #233     Apr 6, 2008
  4. Yeap
    I understand your point and it is well taken
    I am not scalping --- dont yet have the 'tools in the toolbox' to work that timeframe
    but its certainly an interesting discussion

     
    #234     Apr 6, 2008
  5.  
    #235     Apr 6, 2008
  6. bottom line is you hhave to learn to trade what the market is giving for that day. Some days is not a position trading day. The market will be too much up and down. Somedays will be a trending day and with a couple of trades you make some good gains.

    You have too learn that or the market will teach you that the expensive way :(

    I couldn't help but notice this on one of the best trending days last week we have had in a while and he made way too many turns. That tells me he needs to "paper trade" and learn the different market days. Once he does that he can trade with 1k and have success.
     
    #236     Apr 6, 2008
  7. Made some mistakes today and it's reflected in my P/L which should have been much higher. I "experimented" during last night's session and the outcome was not good (-200).
    This morning I traded much better but missed 2 setups by a tick and cut one of my big winners short.
    Added new rule: No trading after hours (only premarket).

    Products traded: ES, ER2
    Contracts: 31
    Opening balance: 1204
    Closing balance: 1228
    Net P/L: 24
    Discipline: 4
     
    #237     Apr 7, 2008
  8. You only trade 1 contract per trade so 31 contracts = 31 trades ?
     
    #238     Apr 7, 2008
  9. over what time span did you do 31 trades?
     
    #239     Apr 7, 2008
  10. That's correct.
     
    #240     Apr 7, 2008