JT's ES Trades

Code: 
Day	Trade #	B/S	Time	Price	B/S	Time	Price	Quant.	Gross	Net	Time held
											
3-Sep	1	BOT	11:42	887.50	SLD	11:46	885.25	1	-112.50	-117.30	0:04:08
	2	BOT	11:55	884.25	SLD	11:58	884.50	1	12.50	7.70	0:02:18
	3	BOT	11:58	884.00	SLD	12:02	884.25	1	12.50	7.70	0:03:33
	4	BOT	12:20	883.00	SLD	12:25	884.75	1	87.50	82.70	0:04:20
	5	SLD	12:54	888.75	BOT	13:00	888.50	1	12.50	7.70	0:06:05
	6	BOT	13:09	887.00	SLD	13:12	887.25	1	12.50	7.70	0:02:55
	7	SLD	13:12	887.50	BOT	13:14	887.25	1	12.50	7.70	0:01:23
	8	BOT	13:18	888.00	SLD	13:23	888.50	1	25.00	20.20	0:04:48
	9	BOT	13:24	888.25	SLD	13:33	886.50	1	-87.50	-92.30	0:08:48
	10	BOT	13:38	888.25	SLD	13:40	889.25	1	50.00	45.20	0:02:36
	11	SLD	13:42	890.00	BOT	13:44	889.25	1	37.50	32.70	0:02:34
	12	BOT	13:50	888.50	SLD	13:54	888.75	1	12.50	7.70	0:04:34
	13	BOT	13:57	887.50	SLD	14:02	885.50	1	-100.00	-104.80	0:05:06
	14	BOT	14:09	884.50	SLD	14:19	885.00	1	25.00	20.20	0:09:28
	15	BOT	14:21	884.00	SLD	14:23	883.50	1	-25.00	-29.80	0:02:35
	16	SLD	14:34	885.25	BOT	14:38	888.50	1	-162.50	-167.30	0:04:23
	17	BOT	14:53	884.75	SLD	15:17	882.00	1	-137.50	-142.30	0:23:57
											
	Total							17	-325.00	-406.60	0:05:30

Difficult trading today.

Was looking forward to trade again after the long week-end. Didn't start very well with a big loss (T1). Made it all back again and just before 2PM I was net positive. Then I had 3 big losses before I decided to quit.

Should have followed my trading plan (max intraday drawdown 100 $)!

Hope you did better! Let me know! /JT
 
I took the time to look over a lot of your trades and a lot of them could have been profitable had you just waited a little longer (still keeping a max 5 ES stop).

Also, when you trade, do you watch the longer term MA trends? You made some buys against some pretty strong downtrends.

What precisely are you using as your signal? Are you reviewing your losing trades and asking yourself how to fix them? A couple of your trades, even the ones towards the end, didn't have to end up like that.

I wish you the best tomorrow.

aphie
 
Code: 
Day	Trade #	Type	B/S	Time	Price	B/S	Time	Price	Quant.	Gross	Net	Time held
												
6-Sep	1	NQ	BOT	14:07	924.50	SLD	14:08	925.50	1	20.00	15.20	0:01:00
	2	NQ	SLD	14:10	926.00	BOT	14:15	925.00	1	20.00	15.20	0:04:40
	3	NQ	SLD	14:27	928.50	BOT	14:35	927.00	1	30.00	25.20	0:08:04
	4	NQ	SLD	15:17	932.50	BOT	15:36	927.50	1	100.00	95.20	0:18:24
												
	Total								4	170.00	150.80	0:10:23
												
5-Sep	1	ES	BOT	13:50	885.00	SLD	13:51	884.00	1	-50.00	-54.80	0:00:37
	2	ES	SLD	13:52	883.50	BOT	13:59	881.50	1	100.00	95.20	0:07:12
	3	ES	SLD	14:03	882.00	BOT	14:05	881.75	1	12.50	7.70	0:01:51
	4	ES	SLD	14:20	882.25	BOT	14:26	882.00	1	12.50	7.70	0:05:09
	5	ES	SLD	14:28	880.25	BOT	14:30	879.50	1	37.50	32.70	0:02:42
	6	ES	BOT	14:34	879.25	SLD	14:35	879.50	1	12.50	7.70	0:01:17
	7	ES	SLD	14:36	879.75	BOT	14:39	879.50	1	12.50	7.70	0:02:47
	8	ES	BOT	14:41	879.75	SLD	14:46	876.50	1	-162.50	-167.30	0:04:33
	9	ES	SLD	14:49	877.25	BOT	14:50	876.25	1	50.00	45.20	0:01:26
	10	ES	BOT	14:52	877.00	SLD	14:57	877.50	1	25.00	20.20	0:05:03
	11	ES	SLD	15:08	878.75	BOT	15:10	881.00	1	-112.50	-117.30	0:02:31
	12	ES	SLD	15:15	878.75	BOT	15:20	880.25	1	-75.00	-79.80	0:05:13
	13	ES	BOT	15:25	889.00	SLD	15:29	887.00	1	-100.00	-104.80	0:04:37
	14	ES	BOT	15:31	888.50	SLD	15:43	886.50	1	-100.00	-104.80	0:11:44
												
	Total								14	-337.50	-404.70	0:04:03
												
4-Sep	1	ES	SLD	13:51	883.25	BOT	13:54	883.75	1	-25.00	-29.80	0:02:32
	2	ES	SLD	13:59	882.25	BOT	14:18	888.00	1	-287.50	-292.30	0:19:39
	3	ES	SLD	14:44	887.50	BOT	14:47	887.25	1	12.50	7.70	0:02:20
	4	ES	BOT	14:50	886.75	SLD	14:55	888.25	1	75.00	70.20	0:04:55
	5	ES	SLD	14:56	889.00	BOT	14:58	891.00	1	-100.00	-104.80	0:01:43
	6	ES	SLD	14:58	891.75	BOT	15:02	892.75	1	-50.00	-54.80	0:04:09
												
	Total								6	-375.00	-403.80	0:05:53
After a very successful first week, the 2:nd week was a disaster. Lost 1 064$. Friday I wasn't able to trade the ES due to margin requirement. Switched to NQ, which actually turned out to be good for me (at least Friday).

What's my problem: EMOTIONS!

After the first week's euphoria with a gain of 724$, starting with 2000$, a ROI of 36% in 3 trading days, and 27 winning and only 7 losing trades - who could beat me? I'm the king! I'm a f*%$ing trading prophet! Right.... Couldn't be more wrong. :mad:

Probably switching from BB to RSI as my main indicator. At least it worked friday. Also I will not trade for more than 2 hours per day.

/JT
 
Its quite interesting how many new traders do well the first week or two. Happens way too often to be coincidence, imo. I think it has something to do with the fear factor. You dont have much fear in the beginning. After awhile the losing trades begin to affect your judgement.
 
First got here:

Excited

After first week:

Curious

After second week:

Intrigued

After countless posts saying PT is different than real trading:

Concerned

Reviewing these Journals:

Alarmed

When I make my first real trade:

Scared sh%^less???

aphie
 
Originally posted by easyrider
Its quite interesting how many new traders do well the first week or two. Happens way too often to be coincidence, imo. I think it has something to do with the fear factor. You dont have much fear in the beginning. After awhile the losing trades begin to affect your judgement.
More...

I agree... This has happened to me more than once. Perhaps I should develop a trading cycle: Trading options week 1, futures week 2, fx week 3 and stocks week 4? Also within the week there should be a cycle NQ-ES-C-KI-S...... Then it would be new things all the time. No way I could lose using this system!:D
 
Originally posted by aphexcoil

Reviewing these Journals:

Alarmed
More...

Please don't be. No need for you to do this poorly! Just follow your system and stay cool. You do better.

/JT
 
Be cool -- easy to say, maybe hard to execute.

I may just follow my system by making a trade, putting in an OCO order and just walking away from the computer.

(That will be the day my broker goes down, too -- lol)


Anyhow, don't give up -- I had a three day losing period on the simulator but was up very strongly for the month.

I've got 5k and I'm looking at it as tuition for a semester of hard-knocks and lessons learned in futures trading.

aphie
 
Originally posted by torntech.com
[Probably switching from BB to RSI as my main indicator. At least it worked friday. Also I will not trade for more than 2 hours per day.

/JT
More...


may be BB work on some days and RSI work on some days?
 
You must log in or register to reply here.
Back
Top