Quote from dbanks:
Today started of rotten. I took a hit for 2 points each on the 1st 2 trades. So I started the morning off 4 points in the hole. this makes you think that maybe you had better stop for the day.
However, I made it up and at least net some profit of of the 2 points that I netted out of 13 trades. Commissions took most of that.
The ES had some good moves today giving 2 points or more on 7 calls of the 13. So realistically there could have been 9 points profit for the day. Those of you trading multiple contracts can use this to gain larger returns by selling a fraction and letting the rest ride.
Hopefully tomorrow will be even better.
I enkoyed being in the EliteTrader chat room today where I posted my calls in real time.