Search results

No trades triggered today.

Chart for the post above

Simulated Trading - Day 2 On Friday I made one trade. The set up was as follows: - down trend on 4-tick range chart started at ~1689 - first pullback was to 1687 on Thursday which I did not trade as I was away from the monitors - on Friday, second pullback was developing with strong...

Cutten, Even though I do not agree with everything you said, I appreciate you took time to reply to my journal. As I am trying to work through my issues, getting brutally honest feedback is extremely valuable. The reason I am still trying to stay in the game is that in a last five years I...

No trading today, as I was not in front of the screens.

Chart for the post above

Simulated Trading - Day 1 Short note on change in plans - since I will be trading on the Simulator, I decided to trade ES, not NQ. I have never traded NQ, but have good experience with ES and ES options. I looked at NQ price action, and even though it is similar to ES and correlation to ES...

Thank you all for you input on the forum and those that sent me PMs. Please do not get offended if I do not reply personally, but in the interest of saving time, below are three common suggestions: quit trading because it is not for you stop trading live and go through a period of sim trading...

Last weekend I had some time to sit down and reflect on my trading over the past five years. I have nothing to show for it but memories of gut-wrenching roller coasters of the account value. The pattern is always the same – periods of euphoria, caused by several good trades, that are quickly...

Updated performance This chart is UGLY ...

Midday Update 2013.04.08 SP500 is in downtrend based on 30 min timeframe. My view that the pullback that started at the market open on Friday provides good shorting opportunity. I am already short futures at 1,546.50.

Below is the summary of my trading since account inception through last Friday - April 5, 2013.

I got out of the option trade this morning (trade screenshot is below) for 9.25 pts gain before commissions on 15 contracts: Bought at 20.75 Sold at 30.00 The reason I got out is that cash market opened at resistance with a significant gap down; therefore, the odds were high for some kind...

Agreed, but my estimate of probabilities is not 1/3 each. Also, I fully realized that market could go up after I entered the trade and then decline to my point of entry at some point before expiration where higher ivol will fully or partially offset accumulated negative theta. My estimate at...

I am looking for a break of megenta trendline and resistance of SPY 155 to confirm the turn of the intermediate-term trend. Untill that happens, my view is that we are in the weak uptrend and the pullback this morning is corrective.

I went short the market on Thursday. Bought 15 puts on ES with strike 1,540 and expiration of May 17th. I am basically all-in (based on the speculative account I am tracking here) on this position. The rationale is that the market will most likely have a strong pullback as it just hit all...

I am restarting the journal after a month off. Below is the summary of my trading since inception - lots of volatility and a small gain.

There is a well-developed market in the institutional world, where physical gold (and other metals) are leased. Lessors are normally banks who do it for arbitrage and precious metals (PM) manufacturers / dealers who do it for other various reasons. Lessees are normally chemical companies that...

I will not be trading for the next two weeks, as I will be out of the country. I will post a summary of my trading for the past week (which got lost in transition to a new site and back) on March 11th.

Weekly Summary Feb 11-17, 2013 Since it was a short week for me with only two trades, in this weekly summary report I am only posting updated account balance. Starting next week I will be posting weekly summary with equity chart and high-level trading statistics. Beginning Balance (Feb...