Search results

My random thoughts Market feels like it's going higher today. Missing many opportunites mostly because the speed of execution on Globex is something I'm not used to. Speed of market moves is making me feel like a deer staring in the headlights. I've got to improve the speed of my decisions to...

Long @ 1040.00

Just looking at price action one min. bars. I watched the new HOD being made with no followthrough. It felt very weak so I shorted it. It dropped but it started firming up. I sat on my hands for a couple of minutes as it bounced around 1038.75. My little voice was just screaming that the market...

Exit short @ 1039.00

Short @ 1040.75

Thoughts Went over the 3 trades yesterday again. The first 3 executions looked good. The last 3 were all early (early exit, early open, early exit). I was focused more on making the 4+ pt goal than trading well and made some mistakes. I'm going to try and concentrate on trading well and let...

After reading your post I thought why wait? The $10 commission was the brokers default rate for Globex trades. Since I never made one before, they didn't bother to adjust it. They're lowering it to $5.79 r/t starting today inc. all fees. Seems ok for a full service broker to me.

I'm playing the daily range. If the pullback started around 1041.00 then I'd look to go long into the close. The range is pretty wide now and I'm not comfortable trading when the range may have already been made.

Daily tally: Starting funds : $50,000 3 trades (+1.0, +1.75, +2.25) = 5.00 pts. 5 * 5.00pts. * $50 = $1,250 Gross 15 * 10.04 comm. + NFA fee (I'll squeeze my broker on the comm in a couple of weeks) = $150.60 Net for the day + $1,099.40 New balance $51,099.40

In getting ready for today I downloaded this year's ES tick data in my laptop. I traded each day with my charting software and I kept noticing that on up days the market pulled back around 2:30. I'm guessing it's to shake out buyers before the last round of buying at the end of the day. So much...

Thoughts Should have taken a longer lunch! Sure screwed the exit of the long up. Market action looked fine. I just bailed because I could bank my daily goal. What a newbie!!! Now that the range is up past 9 I see more risk than reward left in going long. I guess I'll tally up the day.

We'll see about the 1k goal. That's only 4 pts/day. It looks to me like the ES has it to give. Don't worry about me. I'm in the 50% bracket. Although I allocated 50k to this test, I'd probably bail if I have a 25k loss. With the govt as my partner, I'd only lose 12.5k of real money. I've blown...

Exitlong @ 40.50.

Back from lunch. I see my stop wasn't hit so I'm still long from 38.25. Only about a 7 pt range so far so maybe there's some upside left. I expect a down move around 2:30 ET, so maybe I'll bank this little profit soon.

Lunchtime: Put my stop in at 1033.00 in case of disaster. Too impatient on this trade. Should have waited until after lunch. Oh well, time to eat.

Thoughts: Bad entry. Thought it was firming up. Just pausing before weakening further. Don't initiate more trades until after lunch.

Long @ 38.25

Thoughts: Exited long too early. Should've gotten 39.50. Thought I saw market weakening. Just a pause looking back. Definitely want to play the long side for today. I'll look for another buy on weakness or on any pullback.

Exit long @ 1039.00

Cover and reverse to long @ 1037.25