Hey guys. I trade the YM. Some of you see me in the index futures chat room, some of you are following my journal, some of you don't know me at all......whatever the case, I'm still trading 1 contract.....relatively new to the game by some standards and starting to see a little consistancy in...
-$25
Can't BELIEVE I lost a little $ today. Such an easy day to trade my strategy.
Only made 8 trades today.
Mistake #1) Shorted the 1:10 pullback. hesitated enough so that I got a bad entry. On top of that, instead of placing my usual stop when shorting that type of entry, I...
non-farm payroll, CPI, and PPi, retail sales.
Those are usually the news items worth trading.
Obviously nobody expected employment to hit 5.5%, so i shorted it right away at 8:31.
If you're trading indexes, usually they're good for a quick scalp.
from the sound of it, you should not be trading at all. You are clearly not ready and have no restraint.
I'd recommend paper trading for at least 6 months before real money.
+$218
Done for the day early. Have some errands to run, and i'm satisfied w/ my week. You have to be an idiot to lose money today if you're an index futures trader.
One of the things I really wish I could do is trade 2 contracts at one time. Trading 1 contract at a time makes it...
+ $89 on the day.
Gotta make this quick. I'm late.
Traded like an idiot today. Didn't let winners ride, was a little hesistant on taking a few positions that cost me my fill.
Missed my fill at the 410 bottom on YM. Partially b/c i calculated my pivots too late....my bad. Also missed...