FastTrader Futures-Trading Journal

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October 20th (Monday)

Followed Trading Plan:
3stars.gif


Total trades: 1 (1 Short) 1 Winner, 0 Losers

9:58 AM - Short 1 ES 1041.00
10:00 AM - Cover 1 ES 1040.50
Result: +0.50

Overall:
ES: +0.50

I usually wake up early so I can get ready for work and then trade from 9:30-10:45 AM EST, but my alarm didn't go off so I woke up around 9:20 AM EST and didn't have enough time to trade the entire morning. Morning was kinda choppy anyways. Trading part-time is kind of a pain, but I'm not complaining. My trading couldn't support me right now anyways.
 
I was supposed to trade NQ only today, but I took one trade on ES which wiped out the profits from NQ trades. Overall, down 0.5 ES for the morning. Will try to trade this afternoon.

-Fast
 
October 21st (Tuesday)

Followed Trading Plan:
3stars.gif


Total trades: 5 (All Shorts) 4 Winners, 1 Loser

9:35 AM - Short 1 NQ 1414.00
9:37 AM - Cover 1 NQ 1413.50
Result: +0.50
Notes: Early exit.

9:49 AM - Short 1 NQ 1411.50
9:49 AM - Cover 1 NQ 1410.50
Result: +1

10:13 AM - Short 1 ES 1044.00
10:18 AM - Cover 1 ES 1045.50 (Stop-loss hit)
Result: -1.50
Notes: I don't think this was a bad entry, but perhaps my stop was too tight.

10:20 AM - Short 1 NQ 1417.50
10:28 AM - Cover 1 NQ 1416.50
Result: +1

2:12 PM - Short 1 NQ 1422.50
2:35 PM - ADD 1 NQ 1426.50
2:37 PM - Cover 1 NQ 1425.00
2:48 PM - Cover 1 NQ 1423.50
Result: +0.50
Notes: I wanted to hold my 1422.50 short longer but had to go back to work.

Overall:
ES: -1.50
NQ: +3

I was supposed to trade NQ only, so I should've stuck to the plan and not touched ES. Tomorrow is ES day; and I'll be trading ES only.
 
Quote from Fast_Trader:


I was supposed to trade NQ only, so I should've stuck to the plan and not touched ES. Tomorrow is ES day; and I'll be trading ES only.
More...
Hi Fast_Trader,

Perhaps I missed it, but is there a reason why you pick days where you only trade NQ but not ES or vice versa? I ask because I see times in the past where you traded both instruments in the same day too. Just curious. Thanks

Kermit
 
Kermit, I usually trade both, but x-or pointed out last week that I had a much better hit rate on NQ than ES, so I decided I would play NQ only one day, and ES only another day to see which one I could trade better. Normally, I trade whichever presents a better opportunity. For example, under normal circumstances, I would have played ES to the long side and NQ to the short side today.

-Fast
 
2 point stop Emini S & P....NO..PLEASE DON'T ...U R 8 FOR LUNCH..


3 OR 4 POINTS STOP LOSS.....SMA....GET JUNK OFF SCREEN AND OFF YOUR MIND.....LEARN PATTERNS THAT OCCUR OVER AND OVER..IF U CONTINUE TO CHANGE YOUR SYSTEM TO FIT THE DAY U WILL NEVER GET THERE....NEVER TRADE YESTERDAY'S STUFF...MARKET DOESN'T KNOW WHAT U DID YESTERDAY OR TODAY..THE MARKET GOES UP, DOWN, SIDEWAYS, U CAN ONLY FOLLOW...WE ARE THE ENEMY, NOT THE MARKET..

SMA'S WITH 2 SHORTER AND 1 LONGER MOVING AVERAGE INDICATORS..... TRADE WHAT U C OVER AND OVER AFTER A FEW THOUSAND TIMES U REALIZE THEY NEVER CHANGE IF YOU DON'T CHANGE THEM...ONCE U FIND THE MAGIC NUMBERS AND PATTERNS....5 MIN CHART IS GOOD, BUT CAN FAKE U OUT..10 MIN WITH 30 MIN FOR REFERENCE ON RUNS IS NICE..
 
porgie, are you suggesting I use a 3-4 pt stop loss on ES?

Also, I haven't changed my system. The system is the same everyday. By that I mean entry criteria is the same.

-Fast
 
Quote from porgie:

2 point stop Emini S & P....NO..PLEASE DON'T ...U R 8 FOR LUNCH..


3 OR 4 POINTS STOP LOSS.....SMA....GET JUNK OFF SCREEN AND OFF YOUR MIND.....LEARN PATTERNS THAT OCCUR OVER AND OVER..IF U CONTINUE TO CHANGE YOUR SYSTEM TO FIT THE DAY U WILL NEVER GET THERE....NEVER TRADE YESTERDAY'S STUFF...MARKET DOESN'T KNOW WHAT U DID YESTERDAY OR TODAY..THE MARKET GOES UP, DOWN, SIDEWAYS, U CAN ONLY FOLLOW...WE ARE THE ENEMY, NOT THE MARKET..

SMA'S WITH 2 SHORTER AND 1 LONGER MOVING AVERAGE INDICATORS..... TRADE WHAT U C OVER AND OVER AFTER A FEW THOUSAND TIMES U REALIZE THEY NEVER CHANGE IF YOU DON'T CHANGE THEM...ONCE U FIND THE MAGIC NUMBERS AND PATTERNS....5 MIN CHART IS GOOD, BUT CAN FAKE U OUT..10 MIN WITH 30 MIN FOR REFERENCE ON RUNS IS NICE..
More...

Sorry to but in here with this FastTrader, but......

porgie, What is it that you are trying to achieve? If you are so much better with your setup then please start your own journal and let us just see how great you are. I personally find your persistant posting of better ways to be an irritant and wish that you would post something usefull and not continue to spam the journals.

Make 'em pretty, Chris
 
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