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Interesting although I'd rather have time decay working on my side. (Attachment - these are not realtime trades for integrity of the journal)

+15 points on ES patient all day waiting for the short to materialize

Why is 2% the magical number? I rarely use more than 1.5% of my TLNW, but I know others who use 3-5%.

Short some ES this morning +420net

Agreed, although still a bear in the medium term. First time ive seen this, IB software down? Been with IB 7+ years.. Anyone else? In the backup account... Long 1388.75 small position Target 1398 Stop 1384.50

At least no one can say I don't post the truth of my trades! What an ugly start to May for me. I'm really starting to believe in the curse of the post! hahah Last two days since I started posting again I'm batting 0-5. Gave back some solid gains for the week, ending down about 10es points.

Short again at 1413.25. Smaller size on this one as my stop is 1425.50 and holding through the unemployment numbers. (in case we see a small stop run head fake) Once everything settles I will be looking to add to this short and tighten up my stop. Ps. I'm by no means a stubborn...

Short 1397.50 Add on at 1398.75 Stop on entire position 1401.25 Target 1393.50 & 1391 Edit: that was a quick death! I will look to reshort at 1404 level Short 1404, target still 1393.50, stop 1407.25

I guess your system always makes money on a weekly, monthly, quarterly basis...if that was my case, I guess I could only trade 1 system as well.

Still lurking but I just finished catching up reading the journal and I can't figure something out. Why would someone only want to trade one system? Seems like many people want everyone to think that their trading system is best. It seems to me that you would rather trade multiple...

Kamek, Not trying to offend, but your statement makes me think that you are not ready to trade full time. Timing should not matter, you should only trade full time once you have an identifiable edge. At a minimum I would suggest having at least 1,000 real life trades. Since you are...

Seemed like a long time ago, but both AAPL and ICE are back to approx 150. Still holding as I wrote April calls on the rest of the positons.

I'm surprised no one has commented on my math error. Didn't realize it until I went for a walk to clear my head and thought about it more.

The numbers can easily be manipulated. Here is an example 2nd example with 20 trades 10 winners for 9 x (2 contracts) = 180 pts ($9000) 16 winners for 4.5 x (2 contracts) = 144 pts ($7200) 4 losers for 3 x (2 contracts) = 24 pts (-$1200) 5 losers for 3 x (4 contracts) = 60 pts (-$3000)...

I'd like to hold the position longer but have to step out for a few hours. Closed out this trade at 1342.25... +3 There will always be more opportunities later...

SS, I think the correct interpretation of Wasabis analysis is that the percentages are probability that the market will reverse *if* the market gets there. Which is why the probabilities are higher at levels farther away from the current close.

Closing out half this trade here...only wish I had more (I added to it, not posted, but only 4 more) Long small position ES at 1339.25. Looking for support from Tuesday and Thursdays close last week in the 1335 - 1339 area. Target 1349.50. No stop on initial position as I'll be looking...

One of the blogs i read had a good article on credit spreads. http://stockmarketbeat.com/blog1/2008/03/25/think-the-financial-crisis-is-over-credit-spreads-say-think-again/ also RSX - great trade. Jag

Covered 1 at 1304.5 and 1 at 1302.25 2 remaining looking to cover at 95 and 89 kudos gents as you both got better entries and exits than i Edit covered 1 at 97.25. (2:38PM EST) last target still at 89.25

I was expecting a dropoff from the 1314 level but that has not really occured. That being said I think we are going to gap lower from the Fed announcement. I think the Fed is going to move 50 and not the 100 the market wants. The initial reaction will be wrong as the Fed needs to keep some...