LOL...no, my acct is not $13K. I was talking to LSU and told him I intend to allocate $10K/contract once I've setup my LLC. So if I average 2 ES pts per $10K of capital, it equates to an over 200% yearly return. As far as my acct size, don't worry, it's enough to do decent size and a lot of damage to my acctQuote from version77:
Hmmm.... 2 pts a day = $100 X 5 days a week = $500 a week.
$500 a week X 52 weeks = $26 K.
Your account is $13 K....
Quote from Fast_Trader:
LOL...no, my acct is not $13K. I was talking to LSU and told him I intend to allocate $10K/contract once I've setup my LLC. So if I average 2 ES pts per $10K of capital, it equates to an over 200% yearly return. As far as my acct size, don't worry, it's enough to do decent size and a lot of damage to my acct
-Fast
Quote from Fast_Trader:
February 2nd (Monday)
Total trades: 5 (1 Long, 4 Shorts) 4 Winners, 0 Losers, 1 Scratch
Time Zone: Central (Chicago time)
8:43 AM - Short 1 ES 1133.00
8:45 AM - Cover 1 ES 1132.50
Result: +0.50
8:54 AM - Short 1 ES 1133.25
8:57 AM - Cover 1 ES 1133.25
Result: 0
9:24 AM - Long 1 ES 1129.00
9:27 AM - Exit 1 ES 1130.00
Result: +1.00
---
There was some strong trends today. Why did'nt you play them?
12:56 PM - Short 1 ES 1140.50
1:02 PM - Cover 1 ES 1140.25
Result: +0.25
1:52 PM - Short 1 ES 1140.50
1:55 PM - Cover 1 ES 1140.25
Result: +0.25
Notes: Should've held on for a little longer. I could've actually re-entered short at the same price, but just didn't pull the trigger. Just stared at the screens while ES dropped...
Overall:
ES: +2.00 (Just need to average 2 pts a day for a +200% yearly return
As you know, ES didn't take off until after 10:00 AM, and I leave for work around 9:45ish so I missed that. The afternoon I shouldn't have missed since I was home for lunch at that time. But again, I exit quickly because I do have to head back to work and can't put on a position and then properly manage it
Why not use a proper bracket trading software like ButtonTrader, then walk away and let the position manage itself?Quote from Fast_Trader:
But again, I exit quickly because I do have to head back to work and can't put on a position and then properly manage it
-Fast
My platform does not currently support OCO orders so this is not possible. Plus, I would like to properly manage a position, i.e. add/remove contracts as I see the conditions change.
Thanks
t4s,