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Added more short to it @3010 .. Average Price now 3002

Current Positions MES-Short-2998.5 Account - 109.6% of initial capital

I have closed the MGC position at 1491 yesterday and added positions of MES @ 2995 and 3002 yesterday.

New Positions MES - Short – 3002.25 SL : 3014 Target: 2992 Basis of Trade: ES moved up premarket on Brexit news. It went up till 3003 and came back. Looks like the wall above 3000 will hold. Stoploss set at 3012 which didn’t reach for quite sometime. Target is slightly above VWAP of...

Closed this trade at 1499.

I had a GTC order at 2907 and it got covered. Account - 104.5% of initial capital

New Position MES - Short - 2920 SL : 2935 Target: 2913 Basis of Trade: ES broke off before market at 2925 yesterday with hardly any prints. I am expecting a bit of resistance there. Overall, I am bit bearish on MES and expecting to test 2800 first than 3000. If I am not bearish, this may...

Hi, I generally follow a few news feeds and a lot of traders. Typically, if there is any major news it kinda shows up on my timeline in a few minutes.

Closed at 195'240 .. UB suddenly spiked up .. need to check twitter wassup Edit: Didnt find any news which caused the spike. It took me out of the trade and it is right now at 195'040. Sigh, perils of trading with small capital. If I wasnt in that trade earlier, failure of that spike, was a...

New Positions UB - Short - 195'230 SL : 196 Target: 195'140 Basis of Trade: I am expecting ES to retrace which can cause the Bonds to give up bit of gains. UB was looking a bit heavy last few days, but it is still in Bulls hands. I am hoping to take a few ticks here What I don’t like about...

MGC - Short - 1512 SL : Multiple hourly closes above 1520 or price moves above 1530 Target: 1480 Basis of Trade: GC is still testing the VWAP which is at 1515. If GC crosses decisively above 1520, we mostly will see a new high, otherwise sideways to move down to below 1480.

I have closed MES @ 2922. Account - 103.2% of initial capital

I have closed MGC Short @ 1502.5. I am expecting again to short this somewhere above 1510

Very true. I didnt see many who quit the game completely. But there are cheaper ways to get that adrenalin rush. I had seen more traders who lost their livelihood than I had seen junkies/alcoholics who lost their careers. The only way you can take home the money from the market is thru, a oft...

You will need someone to hand hold you for a few months. Find someone who been in the market for sometime, whom you have confidence in both his knowledge and trading. Your profitability solely depends on your risk management and not repeating mistakes. Be prepared for atleast year or two of a...

New Positions MES - Short - 2937 SL : 2952 or Monday close Target: 2909 Basis of Trade: ES tested the previous bounce zone of 2850s, set up a trap for late shorts and I expected it to test 2940. This again was a zone of previous resistance and strong shorts are above 2950 and they may not...

Notes to Self: a) Do not trade in the first half hour. b) Trade only if I have my levels marked and price trades around those levels. c) Trade only small positions. Increase the position sizing only if it goes in my direction. d) Do not trade if you are not planning to be in front of terminal...

I will be using this space for journaling my thought process while trading. Also, I will be using this to test my Algo trading engine where I am beta testing my strategy

Hi, I have developed many algo applications for IB. However all my applications are in Java with a nice GUI. If you are open to Java, I can show you my applications and see how we can fit that to your requirements