ES.Contract Trading

E

ES.Contract

Hi All,

I hope to start a trading journal which will track my performance trading the ES contract. I don't know how long it will last. I won't be posting live trades/calls because it might interfere with trade management so instead I will update the journal with screen shots at the end of a trading day/week and you will just have to take my word that those trades were taken. Finally, I am a part time trader so there will be days when I did not trade.

Details:

Contract Code: ES (E-mini S&P500)
Style: Short Term
Stop Size: 1.75 point (mental stop)

That's all.
 
goodluck,


the mental stop limit falls within the boundaries of 'tick' noise unless its done in a gapping situation where volatility is on your side.

2-3 point tick noise is common.
 
Quote from ES.Contract:

Hi All,

I hope to start a trading journal which will track my performance trading the ES contract. I don't know how long it will last. I won't be posting live trades/calls because it might interfere with trade management so instead I will update the journal with screen shots at the end of a trading day/week and you will just have to take my word that those trades were taken...
More...

It takes less time to post a screen image of your broker PnL column in comparison to posting annotated charts of trades taken on the chart considering you said this journal is about tracking your performance.

However, doing both (broker PnL column with an annotated chart) will remove all the problems that's associated with other journals here at ET that lacks such.

With that said, when you said the following...

Stop Size: 1.75 point (mental stop)

Does that imply you have an emergency hard stop (e.g. somewhere between 2.50 - 4.00 ES points) just in case your ISP has connection problems, you have computer problems on your side or there's a surprise market event that causes strong parabolic price movement while in the middle of a trade that's mainly managed via a mental stop ???

Surprise market events that can't be anticipated nor planned for, moves the Eminis strongly (fast) in a parabolic like price action do happen a few times each week.

My point is that when something goes wrong (something eventually will go wrong) and all you have is a mental stop and nothing else...

An emergency hard stop would have minimized the damage of any of the above situations I mentioned that a mental stop can't do because a mental stop is too dependent upon you pulling the trigger before 1.75 is reached.

I myself trade with an emergency hard stop and a mental stop...the emergency hard stop is auto set upon entry of every trade and I manage my trades via a mental stop based upon the current price action (not the same mental stop each trade as if the market is the exact same from trade to trade).

Mark
 
Quote from ES.Contract:

Hi All,

I hope to start a trading journal which will track my performance trading the ES contract. I don't know how long it will last. I won't be posting live trades/calls because it might interfere with trade management so instead I will update the journal with screen shots at the end of a trading day/week and you will just have to take my word that those trades were taken. Finally, I am a part time trader so there will be days when I did not trade.

Details:

Contract Code: ES (E-mini S&P500)
Style: Short Term
Stop Size: 1.75 point (mental stop)

That's all.
More...

In fairness to yourself, and others who may genuinely support your efforts, can you state whether it is "real money" trades or simulations you will undertaking.... there is nothing wrong with the latter, but at least we will know where you are coming from...

Thankyou and good luck.
 
Stops seems tight, a mental 1.75 is just a second away from a 10+ point loss as you sit there wth that deer in the headlights look when a program fires off against you.
 
Quote from Now is Now:

In fairness to yourself, and others who may genuinely support your efforts, can you state whether it is "real money" trades or simulations you will undertaking.... there is nothing wrong with the latter, but at least we will know where you are coming from...

Thankyou and good luck.
More...

Hi,

I will make it clear which a real trades and which are paper trades, however real trades will be supplemented with a screen shot of my P/L.
 
13/06/2008 1 1350.25 Sell LIVE
13/06/2008 1 1348.50 Buy 1.75 LIVE

16/06/2008 1 1359.75 Buy LIVE
16/06/2008 1 1357.75 Sell (2.00) LIVE
16/06/2008 1 1359.75 Buy LIVE
16/06/2008 1 1361.25 Sell 1.50 LIVE
16/06/2008 1 1365.50 Sell
16/06/2008 1 1366.25 Buy (0.75)
16/06/2008 1 1365.25 Sell
16/06/2008 1 1364.00 Buy 1.25

17/06/2008 1 1358.25 Buy LIVE
17/06/2008 1 1359.00 Sell 0.75 LIVE
17/06/2008 1 1360.25 Buy
17/06/2008 1 1358.50 Sell (1.75)
17/06/2008 1 1357.50 Buy
17/06/2008 1 1359.25 Sell 1.75

18/06/2008 1 1345.00 Buy
18/06/2008 1 1346.50 Sell 1.50
18/06/2008 1 1344.25 Buy LIVE
18/06/2008 1 1344.25 Sell 0.00 LIVE
18/06/2008 1 1339.00 Buy
18/06/2008 1 1337.25 Sell (1.75)
18/06/2008 1 1337.75 Sell
18/06/2008 1 1340.00 Buy (2.25)
18/06/2008 1 1343.00 Buy
18/06/2008 1 1344.25 Sell 1.25
18/06/2008 1 1336.75 Sell LIVE
18/06/2008 1 1335.75 Buy 1.00 LIVE

19/06/2008 1 1338.50 Sell
19/06/2008 1 1337.25 Buy 1.25
19/06/2008 1 1337.50 Buy
19/06/2008 1 1337.50 Sell 0.00
19/06/2008 1 1337.25 Sell LIVE
19/06/2008 1 1336.75 Buy 0.50 LIVE
19/06/2008 1 1341.25 Buy
19/06/2008 1 1342.00 Sell 0.75
19/06/2008 1 1338.00 Sell
19/06/2008 1 1336.50 Buy 1.50
19/06/2008 1 1335.75 Buy
19/06/2008 1 1334.00 Sell (1.75)
19/06/2008 1 1334.75 Buy
19/06/2008 1 1335.25 Sell 0.50
19/06/2008 1 1342.00 Sell
19/06/2008 1 1340.50 Buy 1.50
19/06/2008 1 1340.75 Buy
19/06/2008 1 1341.75 Sell 1.00
19/06/2008 1 1345.50 Sell
19/06/2008 1 1346.75 Buy (1.25)
19/06/2008 1 1344.00 Sell
19/06/2008 1 1344.00 Buy 0.00

20/06/2008 1 1327.25 Buy LIVE
20/06/2008 1 1325.50 Sell (1.75) LIVE
20/06/2008 1 1328.25 Buy LIVE
20/06/2008 1 1328.75 Sell 0.50 LIVE
20/06/2008 1 1319.25 Buy LIVE
20/06/2008 1 1320.00 Sell 0.75 LIVE

24/06/2008 1 1326.50 Sell LIVE
24/06/2008 1 1326.50 Buy 0.00 LIVE
24/06/2008 1 1321.75 Buy
24/06/2008 1 1322.50 Sell 0.75
24/06/2008 1 1321.75 Sell LIVE
24/06/2008 1 1321.50 Buy 0.25 LIVE
24/06/2008 1 1321.75 Buy

25/06/2008 1 1328.25 Sell LIVE
25/06/2008 1 1328.00 Buy 0.25 LIVE
25/06/2008 1 1332.50 Sell
25/06/2008 1 1331.75 Buy 0.75
25/06/2008 1 1327.25 Buy
25/06/2008 1 1327.50 Sell 0.25
25/06/2008 1 1328.75 Buy
25/06/2008 1 1329.75 Sell 1.00
25/06/2008 1 1330.00 Sell
25/06/2008 1 1329.25 Buy 0.75

26/06/2008 1 1302.00 Sell LIVE
26/06/2008 1 1302.50 Buy (0.50) LIVE
26/06/2008 1 1302.75 Buy LIVE
26/06/2008 1 1303.00 Sell 0.25 LIVE
26/06/2008 1 1293.75 Buy LIVE
26/06/2008 1 1294.00 Sell 0.25 LIVE
26/06/2008 1 1284.75 Sell
26/06/2008 1 1284.50 Buy 0.25

27/06/2008 1 1281.50 Sell LIVE
27/06/2008 1 1281.25 Buy 0.25 LIVE
27/06/2008 1 1282.00 Sell LIVE
27/06/2008 1 1281.00 Buy 1.00 LIVE
27/06/2008 1 1281.00 Sell
27/06/2008 1 1279.50 Buy 1.50

30/06/2008 1 1287.25 Buy LIVE
30/06/2008 1 1288.25 Sell 1.00 LIVE
30/06/2008 1 1288.25 Buy
30/06/2008 1 1288.50 Sell 0.25
30/06/2008 1 1285.25 Sell
30/06/2008 1 1284.50 Buy 0.75

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