ES Trade Logs

[jboydston]

I swear!... either I win in the morning and give it back in the afternoon or like today, I spend all afternoon recovering from losses.

To be completely fair, I followed my system through the tough times today. My inclination was to quit and walk away after $300+ in losses. But instead I kept with it and eventually made a good trade. This has been a hard lesson to learn, following a system.

I do feel that my number of trades was on the heavy side today, but I am proud of most of my entries, regardless of outcome.

 

[jboydston]

FUTURES TRADES ---------------------------------------------------------------------------

Trade Time Exchange Description Qty Trade Price Set Price Gain/Loss *
----------------- --------- ----------- ----- ----------- ----------- ----------- -
02-06-12 10:39:25 GLOBEX ES JUN02 -1 1016.5000 1020.2500 -187.50
02-06-12 11:01:42 GLOBEX ES JUN02 1 1011.7500 1020.2500 425.00
02-06-12 12:44:40 GLOBEX ES JUN02 -1 1004.5000 1020.2500 -787.50
02-06-12 12:49:21 GLOBEX ES JUN02 1 1005.2500 1020.2500 750.00
===== ===========
0 200.00

===========
USD Total: 200.00


FUTURES GAIN/LOSS SUMMARY ----------------------------------------------------------------

Gain/Loss From Futures Trades 200.00

============
USD Total: 200.00

 

[jboydston]

Just another day at the office today, nothing special to report.

I didn't know what to make of the rally today, so I just stayed away.

Will probably move up to two contracts soon.

 

[Spark]

The journal maintained by the original writer of this thread is very useful. I have never traded eminis but would like to know more about it. Which one yields more return: future or stock? Any experienced future trader may share their experience. What are the margin requirements for trading eminis?
thanks

 

[jboydston]

FUTURES TRADES ---------------------------------------------------------------------------

Trade Time Exchange Description Qty Trade Price Set Price Gain/Loss *
----------------- --------- ----------- ----- ----------- ----------- ----------- -
02-06-13 11:18:38 GLOBEX ES JUN02 -1 1014.0000 1010.7500 162.50
02-06-13 11:20:02 GLOBEX ES JUN02 1 1015.2500 1010.7500 -225.00
02-06-13 11:55:51 GLOBEX ES JUN02 -1 1020.2500 1010.7500 475.00
02-06-13 11:56:41 GLOBEX ES JUN02 1 1021.5000 1010.7500 -537.50
02-06-13 12:13:51 GLOBEX ES JUN02 -1 1020.7500 1010.7500 500.00
02-06-13 12:24:17 GLOBEX ES JUN02 1 1023.5000 1010.7500 -637.50
02-06-13 12:33:46 GLOBEX ES JUN02 -1 1021.5000 1010.7500 537.50
02-06-13 15:44:40 GLOBEX ES JUN02 1 1011.2500 1010.7500 -25.00
===== ===========
0 250.00

===========
USD Total: 250.00


FUTURES GAIN/LOSS SUMMARY ----------------------------------------------------------------

Gain/Loss From Futures Trades 250.00

 

[Woody]

Originally posted by Spark
The journal maintained by the original writer of this thread is very useful. I have never traded eminis but would like to know more about it. Which one yields more return: future or stock? Any experienced future trader may share their experience. What are the margin requirements for trading eminis?
thanks

Spark, I don't think your first question can be answered, there are too many variables that are unknown. Generally, futures offer more leverage than stocks, but that is a double-edged sword. Visit http://www.cme.com/httpwrapper.cfm?wrap=/wrappedpages/clearing/pbrates/PBISHomePage.htm for information on margin requirements. Also take a look around the cme.com website for additional information.

 

[jboydston]

Again persistence won out. After those first few trades I really wanted to give up, or at least change my strategy. My emotional feeling was to just go LONG and ride out the rest of the day.

Alas, discipline prevailed.

 

[jboydston]

Here is the rationale for today's trades:

1. Looking for a double-top here. Unlikely, but double-top setups allow for small stops.

2. Kind of ashamed of this trade... only indication I had here was a declining MACD.

3. Again, not the best signal. Should have sat tight. Broke the MA support, but no confirmation.

4. Bingo! MACD breakdown. The rest of the day gravy.

~~~

I hope this is usefull to someone, please fire away with questions & comments.

 

[Dizzyspell]

Jboydston,

Finding your posts interesting. Just wondering who is your broker?

Your commission costs are the smallest I've seen.

 

[jboydston]

Interactive Brokers.