No action that can be posted, just the open position... The database file went FUBAR on Monday in "becoming too big". Whatever, Ninja. Ergo, the previous trade logs will have to be reset from last entries. In fact, the current open position I have will probably not show when I close it, because the trade was opened with the old .SDF file. So when I close this one, it won't show in the performance window...
...And They Have a Plan. (Live.)
- Thread starter Overnight
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I thought about exiting the trade today when it hit 4189ish this morning, for a ~50 bux hit on the down side. But then I thought..."No, my conviction is that it will climb above that by expiry". And I think it will climb higher, because the Fed MUST relent! I keep waiting for them to say pause, but they are taking longer than I expected.
Well, they didn't say pause, those bastuds. On Tuesday around noon the open position went like 3 points in profit, but I was truly believing Powell would throw in the towel on Wednesday. Well, he didn't, and it is still gyrating...
Did finally decide to get feet wet again on what turned out to be a nice up day with a couple of scalps.
Going to try to focus on that net performance each day going forward. For some reason it is very hard with that 3-month-old dagger in my back rusting in my spine.
Did finally decide to get feet wet again on what turned out to be a nice up day with a couple of scalps.
Going to try to focus on that net performance each day going forward. For some reason it is very hard with that 3-month-old dagger in my back rusting in my spine.
From last update...
Been poking in and out these past two weeks, taking some scalps.
I decided to add MCL to the platform and gave it a test-run, as you can see, to assure parameters are correct. Crude is looking quite tradeable to me now, looking back over the past several months, nice ranging.
As expected, because of the database crash and having to wipe it clean at end of March, the long swing of the June MES doesn't show up in the trade log.
So here it is, the longest ever futures swing-trade posted on the forum with the smallest positive outcome...*drumroll*
What else can be said? Just lulz.
Vinny asked me what I learned from this trade. And it is what I had already known before 2022 happened. Long trades in the indices eventually recover given enough time, which is why I kinda' enjoy swing trading them. If I could open positions a year+ out on index futures I would, because then a year like 2022 would not matter, but 6 months is what we have to work with. Alas.
Speaking of swinging, I have the following open trade that I took last Wednesday on CPI day. The news was great, so I honestly felt this trade would work...
Welp, Mr. Market decided otherwise. I was so confident the DOW would go higher that day, I forgot to think about the Debt ceiling nonsense and upcoming Fed pause, which is I am sure why the fin-sensitive DOW is not responding well lately. But I am not worried about that trade honestly, as the DOW is less unruly than the others, mostly.
Onward!
Been poking in and out these past two weeks, taking some scalps.
I decided to add MCL to the platform and gave it a test-run, as you can see, to assure parameters are correct. Crude is looking quite tradeable to me now, looking back over the past several months, nice ranging.
As expected, because of the database crash and having to wipe it clean at end of March, the long swing of the June MES doesn't show up in the trade log.
So here it is, the longest ever futures swing-trade posted on the forum with the smallest positive outcome...*drumroll*
What else can be said? Just lulz.
Vinny asked me what I learned from this trade. And it is what I had already known before 2022 happened. Long trades in the indices eventually recover given enough time, which is why I kinda' enjoy swing trading them. If I could open positions a year+ out on index futures I would, because then a year like 2022 would not matter, but 6 months is what we have to work with. Alas.
Speaking of swinging, I have the following open trade that I took last Wednesday on CPI day. The news was great, so I honestly felt this trade would work...
Welp, Mr. Market decided otherwise. I was so confident the DOW would go higher that day, I forgot to think about the Debt ceiling nonsense and upcoming Fed pause, which is I am sure why the fin-sensitive DOW is not responding well lately. But I am not worried about that trade honestly, as the DOW is less unruly than the others, mostly.
Onward!
For the hell of it, I compared that trade to hours consumed to "seeing-a-penny-and-picking-it-up".
That trade was approximately 600-trading hours in duration assuming 8 hours per trading day, M-F. So 58.75 into 600 gives ~ $0.10 per hour.
Estimating 2 seconds to seeing a penny and picking it up...
$.005 x 60 secs = $.30, x 60 minutes = $18 per hour. So it is way more lucrative to pick up pennies in the parking lot than to swing trade like that, roffle!
That trade was approximately 600-trading hours in duration assuming 8 hours per trading day, M-F. So 58.75 into 600 gives ~ $0.10 per hour.
Estimating 2 seconds to seeing a penny and picking it up...
$.005 x 60 secs = $.30, x 60 minutes = $18 per hour. So it is way more lucrative to pick up pennies in the parking lot than to swing trade like that, roffle!
Update from Trade #14
After watching Wednesday's post-RTH rally in NQ, I was looking for confirmation of the strength and it was there, so did some long scalping yesterday through today. Kind of disappointed in that I didn't see how strong the move was, or my targets would have been higher. Alas, live to trade another day.
Current open swings...
Yeah, it's backwards, should be long 2 ES and 1 YM, but oh well, haha.
After watching Wednesday's post-RTH rally in NQ, I was looking for confirmation of the strength and it was there, so did some long scalping yesterday through today. Kind of disappointed in that I didn't see how strong the move was, or my targets would have been higher. Alas, live to trade another day.
Current open swings...
Yeah, it's backwards, should be long 2 ES and 1 YM, but oh well, haha.