Search results

Personal Observations and criticisms of my performance: 1. It seems that I have not scaled my lots correctly in relation to my TC in this small account. I need to reduce my size (per trade) much more. The current position size is causing large losses in relation to TC. 2. In addition to...

My entry point is not set in concrete such as always before open, always after open, etc. Instead I usually go by the price and volume momentum and the relationship of price to overnight range as well as negative or positive sentiment. But I am going to have to tweak my entry better, based on my...

Went Long (2+1+1) 4 contracts at open. Got chopped up for a loss. So reversed into a short (2+2+2) 6 contracts and got chopped up again. Closed trading for the day. Max loss $500 reached.

Short 2+1+1 = 4c Closed for net profit = $186.00 Done for the day.

1. Long 2+1+1 = 4c 2. Long 2+1+1 = 4c Closed both trades for net profit = $276.00 Flat before 8.30 AM monthly jobs report.

Thanks, but too late for me, at least for today. I expected the gap to be closed after the open, and not before the open.... So I was stuck in the longs too long.... Maybe I am trying to catch every possibility. I should have just waited till the regular open and position myself for the...

Long 2+1+1 = 4c Closed for net loss = $164.00 Total Trades for the day = 11 contracts Total net loss for the day = $516.50 DONE FOR THE DAY MAX DAILY LOSS LIMIT FOR THIS ACCOUNT ($500)

1. Long 2+1+1 = 4c 2. Long 2+1 = 3c Closed both trades for net loss = $352.50

Total ES contracts traded for the day = 38c Net profit for the day = $755.50 DONE FOR THE DAY.

1. Short 2+1 = 3c 2. Short 2+2 = 4c Closed both trades for net profit = $152.50 Flat before 10.30 news.

QUOTE]Quote from goodday: Stochastic showed price divergence since 3 AM. On this basis, I took the shorts, every time price increased but stochastic lowered, until my position was profitable and price reached support at ES 1280. I was reading my above post and realized the mistake I...

Comatose trade -- I have no idea how this trade happened but by accident I clicked somewhere on the price ladder and ended up short 3 contracts, while I was posting the last closed trade. Next thing I noticed is that I am 3 ticks in profit.... WOW!!!! Short 3 contracts Closed for a net...

Stochastic showed price divergence since 3 AM. On this basis, I took the shorts, every time price increased but stochastic lowered, until my position was profitable and price reached support at ES 1280. Short 1+1+1+1+1 = 5c Closed for net profit = $152.50

Short 1+1+1 = 3c Closed for net profit = $27

Four trades so far this morning: 1. Long scaled in (2+1+1+1) = 5c 2. Long scaled in (3+2) = 5c 3. Long scaled in (2+2+1) = 5c 4. Long scaled in (3+1+1) = 5c Closed all positions for net profit = $321.50

My rules say I can't play any more today, unless ES is ready to close the gap from the morning.... So I am just watching and waiting.... and if it does not do it by 3.30 PM, I will skip it altogether and wait for another train tomorrow.

Let us not split hairs about labels or trivialities, but concentrate on the big picture of trading, trading successfully and helping others trade successfully. We are all in the same boat... facing the same challenges that market throws at us. Every one has something good to contribute, to open...

See my personal messsage.

Now I understand your risk and position management. It is very enlightening. Thanks. I see that your specific numbers (contracts and trades) apply to a "position trader" than a scalper like myself. However, I see a good way to adapt your formula to my style of trading and achieve better and...

Long 4 contracts (scaled in 2+2) at 9.30 AM Closed for net profit = $82.50