Well guys, I've been trading for about a week and so far I think
I've been progressing nicely.
Right now, I'm just focusing on being consistent and making sure
that I keep my losses as low as possible (my stops are usually
less than 3 points).
I'm going to use this thread occassionally to post some of the
trades that I took throughout the day.
Hopefully, a nice civil discussion will come out of this where we
can all share our viewpoints.
Here goes:
Short @ 1129.25 - I was a little late on this entry. What I
really wanted to do was short @ 1131 as soon as it reversed
from the double top.
Covered @ 1125.25 - There was a prior pivot point around this
area so I just took my profits.
Total Gain: 4 points.
------------------------------------------------------------------------------------
Short @ 1119.50 - Bear Flag Breakdown.
Covered @ 1118.50 - Exited all positions near closing time. I
guess I could've held on a bit longer.
Gain: 1 point. Total 5 points.
------------------------------------------------------------------------------------
As you can tell, I'm not really a hyper trader. I tend to trade
between 3-5 contracts a day. Just want to take it slow until I get
more confident with my skills.
I've attached a chart outlining a few setups that I was looking
at. Feel free to take a look and don't be afraid to critique my
thinking. I'm quite new at this so I'm eager to hear from the
experts.
DraXon.
I've been progressing nicely.
Right now, I'm just focusing on being consistent and making sure
that I keep my losses as low as possible (my stops are usually
less than 3 points).
I'm going to use this thread occassionally to post some of the
trades that I took throughout the day.
Hopefully, a nice civil discussion will come out of this where we
can all share our viewpoints.
Here goes:
Short @ 1129.25 - I was a little late on this entry. What I
really wanted to do was short @ 1131 as soon as it reversed
from the double top.
Covered @ 1125.25 - There was a prior pivot point around this
area so I just took my profits.
Total Gain: 4 points.
------------------------------------------------------------------------------------
Short @ 1119.50 - Bear Flag Breakdown.
Covered @ 1118.50 - Exited all positions near closing time. I
guess I could've held on a bit longer.
Gain: 1 point. Total 5 points.
------------------------------------------------------------------------------------
As you can tell, I'm not really a hyper trader. I tend to trade
between 3-5 contracts a day. Just want to take it slow until I get
more confident with my skills.
I've attached a chart outlining a few setups that I was looking
at. Feel free to take a look and don't be afraid to critique my
thinking. I'm quite new at this so I'm eager to hear from the
experts.
DraXon.
