Oh No, NOT Another S&P EMini journal...

I feel this performance is in the 95 percentile or higher bracket for pure scalpers. (<7 mins for RT)

What do you (goodday) and others feel ?

Thanks
mishwar
 
Quote from mishwar:

I feel this performance is in the 95 percentile or higher bracket for pure scalpers. (<7 mins for RT)

What do you (goodday) and others feel ?


Humility aside, I feel my performance is way below what is "reasonable" , given the experience, capital and strategies used. This evaluation is NOT based on any stats, or even a comparison with others (better or worse than me), but as an emotional response to my ACTUAL performance versus my expectations. I feel that my potential for success and my reality of success (or lack thereof) are not as closely aligned as I would like. I am a WORK IN PROGRESS.... so is my trading.

I thank each and every one who responded on this thread for helping me along this journey. I don't know if I contributed to even one person's growth as a payback for what I received, but if I did, I am grateful for the chance.
More...
 
Was long before the 10 AM housing data. Scaled in for a total of 39c. Was ready for the market to move down (to close the open gap) AFTER THE HOUSING DATA. But from 9.45 AM, ES started to drop (sooner than my expected time frame), and I had to bail quickly and reverse.
L39c for a loss of $3300.00


Then went short hoping for the gap to close. Scaled in for a total of 45c and sure enough ES started to go back up. Got chopped up again.....
S45c for a loss of $1008.00


Waiting and evaluating.... until after the 10.30 news, to decide to stop trading or go back in.
 
DE JA VU.......
Was I not here (i.e. same scenario) just a couple of days ago ???????
Except it was profitable in the end, on that day....
 
Quote from goodday:

Was long before the 10 AM housing data. Scaled in for a total of 39c. Was ready for the market to move down (to close the open gap) AFTER THE HOUSING DATA. But from 9.45 AM, ES started to drop (sooner than my expected time frame), and I had to bail quickly and reverse.
L39c for a loss of $3300.00


Then went short hoping for the gap to close. Scaled in for a total of 45c and sure enough ES started to go back up. Got chopped up again.....
S45c for a loss of $1008.00
More...

Yeah, I got chopped a little myself - I think a few traders did - so I used a Martingale to win it back and then some (re-entered at 1277.25, holding short to 1273.25).

Any opinions about that, and have you consisdered Martingaling as a useful strategy in your trading?

Best,

Jimmy
 
Quote from JimmyJam:

Yeah, I got chopped a little myself - I think a few traders did - so I used a Martingale to win it back and then some (re-entered at 1277.25, holding short to 1273.25).

Any opinions about that, and have you consisdered Martingaling as a useful strategy in your trading?

Best,

Jimmy
More...

Do you mean 1274.25, or are you still short?
 
Well, the news that release of Israeli soldiers is imminent, screwed up the charts and the possibility for closing the gap soon. Got chopped up for the third time, with the new shorts.

Total trades for the day: 244 contracts

Total net loss for the day = $3407.00

DONE FOR THE DAY.
 
Quote from JimmyJam:

Yeah, I got chopped a little myself - I think a few traders did - so I used a Martingale to win it back and then some (re-entered at 1277.25, holding short to 1273.25).

Any opinions about that, and have you consisdered Martingaling as a useful strategy in your trading?

Jimmy
More...

No, but I will investigate what "martingaling" is and how it can help me when other strategies fail. Thanks for the input.

Parenthetically, here is one example where technicals alone do not rule the market, no matter how much we "technicians" consider it a superior strategy.... Fundamental DO come back some time to bite us.....
 
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