This journal is gonna be boring to start off with.
I am trying to learn to trade the ES.
What id realy love to do is learn to daytrade stocks, but im never likely to have the $25k required so thought id try to learn something i could at least try for real at some point.
I've been keeping a spreadsheet of my current method for the last few weeks. I thought id update my number on here aswell, as i keep forgetting to save the spreadsheet and when we have a powercut the data is lost. Also, if this journal progress, i have more chance of getting help from any profitable traders.
Its my dream to trade for a living but if im honest, i am VERY skeptical as to whether it is actually even possible. There's the '90% of daytraders fail' staticstic thrown about for one. Lots of people pretending to make money etc.... One way to find out tho.
Here are the results so far.
All daily profits/losses are always trading 1 contract on the ES using the AMPfutures demo.
I add on $5 in commissions per trade and add on a further $15 or so per day to make it more realistic, as Im not sure the demo accounts for any slippage i may incure.
m+450
t-180
w-175
th+340
fri+35
total week 1 - +$470
m+200
t+120
w+140
-th155
fri+200
total week 2 - +$505
m-305
t-85
Bad start to the week so far. 2 red days.
p.s - this is the second time ive written this post today. 1ST attempt was better, but the whole thing got deleted as i tried to post it without putting a 'title' on the thread. Annoying....
I am trying to learn to trade the ES.
What id realy love to do is learn to daytrade stocks, but im never likely to have the $25k required so thought id try to learn something i could at least try for real at some point.
I've been keeping a spreadsheet of my current method for the last few weeks. I thought id update my number on here aswell, as i keep forgetting to save the spreadsheet and when we have a powercut the data is lost. Also, if this journal progress, i have more chance of getting help from any profitable traders.
Its my dream to trade for a living but if im honest, i am VERY skeptical as to whether it is actually even possible. There's the '90% of daytraders fail' staticstic thrown about for one. Lots of people pretending to make money etc.... One way to find out tho.
Here are the results so far.
All daily profits/losses are always trading 1 contract on the ES using the AMPfutures demo.
I add on $5 in commissions per trade and add on a further $15 or so per day to make it more realistic, as Im not sure the demo accounts for any slippage i may incure.
m+450
t-180
w-175
th+340
fri+35
total week 1 - +$470
m+200
t+120
w+140
-th155
fri+200
total week 2 - +$505
m-305
t-85
Bad start to the week so far. 2 red days.
p.s - this is the second time ive written this post today. 1ST attempt was better, but the whole thing got deleted as i tried to post it without putting a 'title' on the thread. Annoying....
