I trade 1 ES

Internet access was available for only 5% of the time today. It's impossible to trade under these conditions.

ES (1017.75-1029.75) no trade
ZT (109'240-111'000) no trade
YG (372.5-381.5) no trade
QM (28.625-29.075) no trade
 
9/8/03 Day 15

ES SEP03
Bias: down
Position: open from 1018 on 9/2/03
P/L: -30.5 (990-1008, 1018)
Sell and hold P/L: -40.5 (990-1030.5)

ZF DEC03
Bias: up
Position: none
P/L: +4/32 (109'260-109'060, 109'040-109'160, 109'040-109'160)
Buy and hold P/L: +23/32 (109'260-110'170)

YG DEC03
Bias: up
Position: none
P/L: 0
Buy and hold P/L: 0

QM SEP03
Bias: down
Position: none
P/L: 0
Sell and hold P/L: 0

No fear, no greed, lots of patience
 
YG: missed trades costing more than bad trades
QM: missed trades costing more than bad trades
ZF: missed trades costing more than bad trades

ES: next?

Buy/sell and hold seems more attractive by the day
 
Momemtum is clearing losing on this thread. It seems more and more a waste of time posting on days when no trade is made, which happen to be most of the days. From now on, update will be posted only when trades are made.

An idea was refined into a strategy during the last few days. Another experiment has started and a corresponding new thread will appear on this board soon. It's the exact opposite of "I trade 1 ES". It is influenced in certain aspects by people posting on this thread. Who said I never listen to others?

The new thread will be called "perpetual lottery tickets drawer". A comparison of the two experiments follows:

I trade 1 ES
Vechicle: futures
Leverage: high
Trade: in and out
Bias: up and down
Stops: yes
Indicators: MACD, CCI

perpetual lottery tickets drawer
Vechicle: penny stocks
Leverage: none
Trade: buy and hold
Bias: up and up
Stops: no
Indicators: price is its own indicator
 
9/10/03

ES SEP03
Bias: down
Position: none
P/L: -10 (990-1008, 1018-1010)
Sell and hold P/L: -23.75 (990-1013.75)

ZF DEC03
Bias: up
Position: none
P/L: +4/32 (109'260-109'060, 109'040-109'160, 109'040-109'160)
Buy and hold P/L: +1 24/32 (109'260-111'180)
 
9/11/03

ES DEC03
Bias: down
Position: open from 1018 on 9/11/03
P/L: -7.25 (990-1008, 1018-1010, 1018-)
Sell and hold P/L: -25.75 (990-1015.25)

ZF DEC03
Bias: up
Position: none
P/L: +4/32 (109'260-109'060, 109'040-109'160, 109'040-109'160)
Buy and hold P/L: +1 13/32 (109'260-111'070)

No fear, no greed, lots of patience
 
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