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12-30-2009 Total trades: 5 RT winner: 5 net P/L: 2 pts There was a big snow storm here last night. I got at office around 9am pacific time this morning. Started trading at shortly after 12 am ET. ES moved up for 30 minites then reversed. Double bottom between 10:30-11:30 retesting...

12-30-2009 I am done trading for the day. It is 3:26 pm. Today's price pattern looked like a symmetric triangle after yesterday's sell off. Though the bias is down to resume down trend. However, there was an overthrow little before 3pm. Price came down a little but not touching the lower line...

12-29-2009 from now on, all trades would be live unless specified as paper trade in this journal. total trades: 6 RT winner:4 loser:2 net P/L: 0 pt SPX open slightly bullish (gap open, but less than 1 pt) daily pivot range: 1126.94 to 1127.50 tested lower pivot and reversed at 11:30...

I just saw an email in my mailbox from trade2win. Someone is preaching not to use stops. Ok. Maybe he is trading only stocks or options so he could get away with stops. If an option trader is wrong, the worst loss for him might be just the premium unless the trader is writing naked call/put. Or...

On SPY Time of Sale table, there was a upthrust testing supply (selling pressure) at 3:00pm. Bulls wanted to go higher, but the supply was still plenty at the time. Price retraced a littel at 3:25-3:30 to take out some selling pressure before final breakout.

12-28-2009 live trade today Total trades: 4 RT winner:3 loser: 1 net P/L: 0.75 pt SPX gap up (today's open is above previous close by more than 1 pt). 75% chance green close statistically. tested previous close at 10:45 and bounced. Some strength here. Looking for long position...

1. ~1/3 of gap open days, intraday low will not violate gap up open price or intrday high will not violate gapdown open price. This ratio stays unchanged regardless the gap open range. 2. ~1/2 of gap open days, intraday low will not go below previous day's close for gapup opens or intraday...

Attached is a summary. The data in attached table is the gap open frequency wrt gap open range and calendar year (I used definition that open is at least 1 pt above or below previous close to be gap day in my study). It is interesting to note that 1. >97% gap up/down occured in 2007-2009...

To understand price characteristics of gap open day might provide some help to index day traders. I've decided to conduct a statistics study of SP 500 cash index gap open days' price pattern characteristics since 2000. I started with summary of gap open range vs calendar year.

12-24-2009 Total trades: 2 RT loser: 2 net P/L: -1.5 pt started around 11:30. market reached new high this morning and retraced to between 50-62% of early day's range. Given the low vol and limited trading hour today, market was slow and range was small. There was vol spike at...

Thank you for your encouragement and recommendations.

attached a screenshot of today's trading summary. I use turbo trader web platform.

12-23-2009 total trades: 10 RT winner:5 loser:4 wash:1 net P/L: -0.75 pt ESH10 made new high early morning before open. It was sold down to 1111.25. started live trading at 11am. a selling climax at 10am and a swing low with less vol 25 minutes later. Selling was probably done...

Of course new scalper can't win everyday. See, I lost today. Besides, I started this journal only two weeks ago. It is not long enough to conclude whether a scalper wins everyday or not based on only a few trading days. As a scalper, the first goal is to minimize drawdowns. This is extremely...

Hello bmwhendrix, I use 2 or 5 min chart most of time. I don't use any indicators except for the fib retracement tool. I am using Turbo Trader web since I can only use web platform due to the firewall at my workplace and I noticed Turbo Trader web is simpler and more stable than ThinkorSwim's...

12-22-2009 Total trades: 8 winner: 5 loser: 3 net P/L: -0.75 pt. Started around 11:45 ET. Trading live again. My old demo account expired and spoke with my broker and got new one. I intend to keep a demo account all thetime so I can test/optimize my trading skill from time to time...

Another observation on order fill. I started paper trading first using ThinkorSwim paper trade platform. The limit order fill mechanism implemented with ToS paper trading software is that limit order will get instantly filled as soon as last trade price hit it. In other words, you can get...

12-21-2009 Live trading today from 12 to 3:40PM. Total trades: 10 winner: 8 loser:2 net P/L: 2.5 pts Started at 12 PM ET time (9am pacific time). Statistically, the Christmas and New Year weeks have been bullish for most years. SPX gap open high this morning. ESH10 challenged open...

Stock daytrading vs future/commodity daytrading There are daytraders who would trade future/commodity exclusively and some would trade stocks exclusively or both. I am not trading stocks daily so what I think about stock daytraders is not from my own experience, but some of my...

I went live trade today first time. My plan is to trade on paper a few day and then trade live a few days. The goal is to trade exactly the same way for both paper trading and live trade. This can be done since I use exactly the same trading platform for both. Total trades: 11 RT winner: 7...