tough trading week of 09/11/06

[Bitstream]

same here; after a punishin' august [july was no joke either] this is the first stand-out week i had in a loooong time.

 

[volente_00]

Quote from lwlee:

For the index futures, it was CHOP ZONE. One thing I learned, stay away from the chop.

You call ES from 1302 to 1336 in 5 days chop ?

 

[ChrisL]

wow, seems like everyone had a good week... i struggled myself

 

[nitro]

Quote from chiguy:

am i just trading the wrong stuff or has this week been a little tough...

i have made more costly mistakes this week than i can remember ever having in one week....

just wondering...

Someone asked me if I am red this month, and I told them I was not only red, but ultra-violet. But everytime I get creamed, for some strange reason I get a little better as a trader. I will make it back.


FWIW, I lost all my money position trading. I made plenty scalping small contracts, but my scalp profits were overwhelmed by size in losing overnight positions. All trades are in Stock Index Futures (SIFs).

nitro

 

[Restricted]

If you buy then you can't lose. Simple really.

 

[Algorithm]

Quote from ChrisL:

wow, seems like everyone had a good week... i struggled myself

I always wondered who it was on the opposite side of my trades.

 

[rjv27]

tough week. the vix hit a low of 10.54 on weds. that's a gross number. i usually don't do well in slowly trending markets....

 

[lescor]

Some of my strategies did really well this week. I found some good intra day trends and scalp plays. However my statistical-based position trades got worked over and over by, I assume, options expiration related activity. The last hour of the day today was particularly brutal.

 

[scalper21]

Quote from lescor:

Some of my strategies did really well this week. I found some good intra day trends and scalp plays. However my statistical-based position trades got worked over and over by, I assume, options expiration related activity. The last hour of the day today was particularly brutal.

You actually traded the last hour of triple witching. That could be compared to playing russian roulette.

 

[scalper21]

Quote from chiguy:

am i just trading the wrong stuff or has this week been a little tough...

i have made more costly mistakes this week than i can remember ever having in one week....

just wondering...

Two things made this week tough for me.

1) I am a futures trader so roll over made this week tough to trade. Some day traders/scalpers I know take a vacation the week of roll over.

2) Trading the thin volume summer months of July and August have warped my trading habits. The first weeks of September are always a grind because it takes me time to get used to the higher volume tradeable market. For example Tuesday I forgot what a sustained Trend looked like. I kept selling new highs over and over again, and got smacked.


One positive of this week is the strong move to the upside. Next couple of weeks should be interesting. Either we continue flying high or we come tumbling down. Either way we should get some good moves.