05-11-11 12:55 PM
number of trades 4, 1 NQ / 2 FESX / 1 YM
FESX = -$58
NQ = +$5
YM = +$100
commission: -$20
TOTAL: + $27
the first trade affected all my trading day, I went long on NQ with a tight stop, around $35, and I trailed at BE when I was gaining $50, actually I had just 1 support on all my charts (then I realized that I had also 7500 on dax wich is an important number), this is why I was not very confident of my trade and placed a tight stop and trailed so early, the market took my stop and then went up for a hypotetical gain of $200, I resisted a little the temptation to enter again, but...
I went long on FESX a couple of time with supports on DAX a little lower, I saw in the US charts that there was lots of supports much lower and that I should have waited those supports, I was stopped twice on FESX then.
I decided to stop trading because I was losing a bit of control and I had a small loss for the day, so it would have been ok to stop.
But later the market finally went lower and EU and US where all very close to the supports I mentioned early, so I was calm and confident and I went long on YM, I had to put a very tight stop of $25 because I didn't want to close the day much lower, the markets rebounded a little and after lots of time I decided to close the trade at +$100, I gave lots of time to the trade to go up anyway.