Monday 7/07 was the 7th day of combine trading efforts. And I emphasize the term âeffortsâ because it was one of those uber-dead range sessions again. Total S&P futures span was less than eight points overall, and about all of it was sideways chop.
Crude oil made one abrupt slam selloff lower, failed to fill my short attempt by about two cents from resting order, hit the daily lows minutes later and then strung sideways for remaining hours until the close.
Once you commit to trading a given session, once the first fill happens, you pretty much have to give it your absolute all-out effort to at the very least finish profitable to count towards average daily win/loss ratio. I tried my damndest to reach barely above breakeven for the day on a lot of turns, tons of trades stopped out at entry for scratch.
Matter of fact, this has been the overall story in ES for the entire combine effort. Most days have been no-range, directionless chop and the vast majority of trades have been scratched out for no gain or very slight loss. Add that all up thru seven days, and the total result was (-1932) including -$5 per turn working 5-lot orders.
As for Crude Oil efforts, steady as she goes. No real challenges there because CL has enough movement intraday for solid opportunity potential.
From a personal performance standpoint, I mis-traded the July 1st ES rally session. Should have booked at least +$1,000 there if not more. That, and one morning I booked +$510 in CL early⦠but forgot to switch the NT dom from sim to live combine account. So the $510 booked does not reflect in the total due to operator error.
I screwed up. It happens. I have done that before :eek:
