S/R Emini Journal

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Quote from Dominic:

I would disagree with your above statement. My reason behind asking is if someone was trading 10 contracts (for example) with a $10K account, is how would their stragety work compared to having a $1 million dollar account; could they handle the swings. What if someone was trading 1 contract and fully maxed out in account; I'm sure that would hinder his/her stragety.


Account sizing has a lot to do with overall success.
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I understood your question and kinda suspected that was why you were asking, that is why I answered it. For money management purposes I divide my account into groups and only allow myself losses that I can recoup in one day. I am not going to put all my eggs on the table at one time. The way I have mine split I can take the same amount of loss for one week with no winners and still maintain the same number of contracts. It better not happen but I can do it. Days like yesterday do happen to everyone.

This morning I took the short at 1292.50 and got out at 1288. Made back the money I lost yesterday plus I have gains for today. I may enter again if I see a good set up but I can set idle and be ok to.

On another note, what school are you going to and what are you planning to do with your degree. I am only asking because I am in the medical field as well.
 
You would have made money if you would have shorted at 7:30 CST pre-market hours. Some people don't like to trade pre-market. Just depends on your trading comfort zone.
 
"On another note, what school are you going to and what are you planning to do with your degree. I am only asking because I am in the medical field as well."

I think you must have me crossed with someone else; great trade this morning. Congrats


Dominic
 
Quote from Dominic:

"On another note, what school are you going to and what are you planning to do with your degree. I am only asking because I am in the medical field as well."

I think you must have me crossed with someone else; great trade this morning. Congrats


Dominic
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I am sorry I got mixed up... Thought I was talking to Biologymajor.
 
Just took another play on the breakout of todays low. I went short at 1284 and covered at 1281. That is it for the day. I used 25% of my account on that last one because it looked very strong.

4re
 
Quote from biologymajor:

You would have made money if you would have shorted at 7:30 CST pre-market hours. Some people don't like to trade pre-market. Just depends on your trading comfort zone.
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I do and did trade the pre-market. I had my orders set this morning. Sometimes pre-market is hard for me because I have to take my son to school but if I see something starting I will set it to take the trade.

I meant to ask you, what school are you attending and what are you planning to do with your degree? I ask because I am in the medical field as well. Thanks to the Navy...
 
Wow, today has been very wild. We needed a correction anyway. Looks like the next major level of support is at 1266. If it breaks through that look for a major sell off. I guess the old saying "Sell in may and go away" rings true for now.
 
I go to Texas State in San Marcos, Texas.
I have one more year to go. My plans were to go on to medical school. I'll probably go to one of the caribbean schools. I like holistic medicine better. I won't go to medical school in the caribbean if I study holistic medicine. I can do that in the states.
Less money in holistic medicine but it's where I feel comfortable. I would rather heal people naturally than with drugs and operations.
 
Quote from biologymajor:

I go to Texas State in San Marcos, Texas.
I have one more year to go. My plans were to go on to medical school. I'll probably go to one of the caribbean schools. I like holistic medicine better. I won't go to medical school in the caribbean if I study holistic medicine. I can do that in the states.
Less money in holistic medicine but it's where I feel comfortable. I would rather heal people naturally than with drugs and operations.
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I got it. I am also a Texas boy in Dallas. Had to go bail out some med students in Granada. Good luck with your schooling. I am into Neurophysiology now.
 
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