Andy's Day and Position Trading Journal

[ADLE]

Andy,
How do you determine your stops? What is it initial stop how do you determine it? And when you say "all out" how do you determine when is all out?
What do you use for calculating your stops?
Do you use Fib. numbers?
Thank you in advance.

 

[version77]

Andy, I think we are missing Tuesday, Oct. 5th's results...

 

[GEOFFREY]

ANDY
COULD YOU PLEASE ADVISE WHAT A TIME STOP IS AND HOW IT IS USED

KIND REGARDS
GEOFF

 

[bigapple]

very easy: you set a time limit

example: if the fut did not advance in my direction after 1h i will stop out

 

[ADLE]

bigapple good point!
But what about swing trading?

 

[bigapple]

same thing: set a time limit and if for example your trade doesn't reach target,risk $stop .... stop out at your time stop to give your money the chance to work in another trade


trade smart
bigapple

 

[ADLE]

Yeah, you're probably right - time is one of the best indicators. ;-)
Thank you.

 

[Jordan_Andy]

Absolutely right! You get out if the trade doesn't go your way after XXX minutes. remember: the good trades go immediately your way. If not your timing was wrong and it's time to get out!

Andy

 

[Jordan_Andy]

Mini Russell 10 minutes: 9:50am – Short TTE (RH) at 5884, initial stop at 5898 – all out at 5889.

Result for today: -10 ticks (-$100)

Euro FX 10 minutes: 9:40am – Long TTE (RH) at 12306, initial stop at 12290 – all out at 12308 (time stop).

Euro FX 30 minutes: 10:40am – Long TTE (RH) at 12306, initial stop at 12298 – covered first lot at 12309, second at 12310.

Result for today: +9 ticks (+$112.50)

 

[Jordan_Andy]

Today’s Day Trading – 10/07


Mini Russell 10 minutes: 9:30am – Short TTE (RH) at 5901, initial stop at 5911 – covered first lot at 5894 (time stop), second at b/e. 9:30am – Short TTE (RH) at 5899, initial stop at 5913 – all out at 5902. 10:30am – Short TTE (RH) at 5866, initial stop at 5878 – covered first lot at 5859 (time stop), second at 5859.

Result for today: +15 ticks (+$150)


Euro FX 60 minutes: 7:40am – Short TTE (1-2-3) at 12285, initial stop at 12303 – all out at 12291.

Euro FX 10 minutes: 8:00am – Long TTE (RH) at 12292, initial stop at 12282 – all out at 12294 (time stop). 9:50am – Short TTE (RH) at 12279, initial stop at 12287 – all out at 12283

Result for today: -16 ticks (-$200)


Mini Dow 10 minutes: 10:30am – Short TTE (RH) at 10172, initial stop at 10185 – all out at b/e.

Result for today: +0 ticks (+$0)


To be consistent with my recordings I add my monthly summary (hypothetical result due to 2 contracts):

July:
Euro FX: +39 ticks (+$487.50)
Mini Dow: +195 (+$975)
Mini Russell: +183 (+$1830)

August:
Euro FX: +24 ticks (+$300)
Mini Dow: +212 (+$1,060)
Mini Russell: +19 (+$190)

September (till now):
Mini Dow: -25 ticks (-$125)
Mini Russell: +57 ticks (+$570)

October (till now):
Euro FX: +4 ticks (+$50)
Mini Dow: -9 ticks (-$45)
Mini Russell: +5 ticks (+$50)