Intuition

Thoughts

Should have taken a longer lunch! Sure screwed the exit of the long up. Market action looked fine. I just bailed because I could bank my daily goal. What a newbie!!!

Now that the range is up past 9 I see more risk than reward left in going long. I guess I'll tally up the day.
 
Quote from maggandre:



Why?
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In getting ready for today I downloaded this year's ES tick data in my laptop. I traded each day with my charting software and I kept noticing that on up days the market pulled back around 2:30. I'm guessing it's to shake out buyers before the last round of buying at the end of the day. So much for intuition....I'll get better with more experience in this market.
 
Quote from moneymoneymoney:



In getting ready for today I downloaded this year's ES tick data in my laptop. I traded each day with my charting software and I kept noticing that on up days the market pulled back around 2:30. I'm guessing it's to shake out buyers before the last round of buying at the end of the day. So much for intuition....I'll get better with more experience in this market.
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Perfect call on 2:30. Why not buy again if you suspect there will be a last round of buying?
 
Daily tally:

Starting funds : $50,000

3 trades (+1.0, +1.75, +2.25) = 5.00 pts.

5 * 5.00pts. * $50 = $1,250 Gross
15 * 10.04 comm. + NFA fee (I'll squeeze my broker on the comm in a couple of weeks) = $150.60

Net for the day + $1,099.40

New balance $51,099.40
 
Quote from random trader:



Perfect call on 2:30. Why not buy again if you suspect there will be a last round of buying?
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I'm playing the daily range. If the pullback started around 1041.00 then I'd look to go long into the close. The range is pretty wide now and I'm not comfortable trading when the range may have already been made.
 
Quote from moneymoneymoney:

Daily tally:

Starting funds : $50,000

3 trades (+1.0, +1.75, +2.25) = 5.00 pts.

5 * 5.00pts. * $50 = $1,250 Gross
15 * 10.04 comm. + NFA fee (I'll squeeze my broker on the comm in a couple of weeks) = $150.60

Net for the day + $1,099.40

New balance $51,099.40
More...

Good trading..

Paying $10.04 a round turn on Emini is way too much.. especially with a $50k account..

Hope you can work out something with your broker.. if not, look elsewhere..

Good Luck,
 
$1,000 a day on $50,000 equity.

That's a 40% return in a month, or a 5570% annual return if you recapitalize your risk positions monthly.

Your trading is good sir, but perhaps you might wish to reconsider your goals.

If you do achieve this, your handle of "money^3" would be too modest, more like "money ^56"

:)
 
his daily target of 1000 is not so out of reach. he is trading 5 cars, so 4 pts. a day is not unrealistic. what if he steps up to 10 cars a day, and just needs 2 pts. is 1,000 still unrealistic? i would like to know what yall think about stepping up your trading size? example) if you are averaging 15 pts. a week over 12 months trading 5 contracts, when would you decide to step up the # of contracts? any comments......
 
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