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Total contracts traded for the day: 282 contracts traded Net profit for the day = $3338.00 DONE FOR THE DAY.

I am sick of the choppy action..... went long and got chopped up went short and got chopped up... Maybe nothing will be resolved until the beigebook data comes out at 2 PM (EST). I am closing the trades for the day. WIll post results so far in a minute.

Understood. Appreciated. Accepted. Thanks.

one more comment about my specific trades and my risk management. I have standing instructions with my broker to take me out at X dollars loss. It is programmed into my profile and as soon as I hit that mark, I am AUTOMATICALLY OUT for the day. It acts like the big circuit breaker, whether I am...

No trading for the last two days. Long 37 ES contracts so far today. Closed for a net profit $720.50

The answers are right here in the stats I posted.

I am not willing to disclose my TC, but rest assured that I follow my rules for risk management. Bear in mind that "risk management" is not cast in concrete as I have read in some books (for example 1% or 2%). In my trading experience, I have found that trading capital used per trade or per...

Great insight. I have noticed that toooooo, just did not have the trading discipline to wait.... YOU LIVE AND LEARN... Thanks again for reinforcement of what I know but did not practice.

Went short last evening when the Globex session opened at 6 PM. The market went against me all night long, and, at the worst I had $4000 paper loss. But eventually ES went my way when I was just about ready to throw the towel in along with my conviction. By 7.30 AM I was completely out of the...

You need more data points, before you can be sure that it is TRULY a flag..... it is not here yet, with this time-frame. Maybe you can try a different time-frame (smaller TF) and see....

I went long before the LEI news to come at 10 AM, (scaling in) for a total of 41 contracts, in positive anticipation. I knew the market would reverse after the news (clue - opening gap up), but got my butt kicked when the market reversed before the news (i.e. sooner than I expected). I lost all...

Thanks, chrisofj, for your observations. I have two comments to make. 1. As an ex-college professor, I have learned one thing in life. Spoon-feeding does not really help anyone. And, the one who is really interested will search and find the answers. Learning in this format is the BEST way...

Long 32 contracts Closed for net profit = $550.50 Flat before 8.30 AM news.

All my numbers are right here on this thread.

Total Contracts traded for the day: 112 Closed for net profit: $2570.50 Done for the day.

Long 28 contracts Closed for net profit = $677.00 Flat.

Please see my previous response and my style of trading. My average trade-in and trade-out price varies from moment to moment. In this post, I outline what is sufficient for me to learn from.

No. I never enter more than 5 contracts at one time. After the first entry which is usually 5, I will add anywhere from 1-2--3 contracts at a time to my existing position. If you see my previous posts, you will notice that I scale in and scale out over a period of time. The way to understand...

Contracts traded = Long 31 contracts Closed for net profit = $966.50 Flat before the CPI news.

Trades for 7-19-06 Long 53 contracts. Closed for NET PROFIT $927. Flat.