Trader P/L 2008
- Thread starter Szeven
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<b>Mon 7/14:</b> $0 net
Was up +$2,900 off the first ER2 short trade by 10am est. Then I shorted down to the lows and bought up to the successive highs... which should have resulted in a $10K+ session.
In a bout of stupidity, thought a valid solution to the volatile chop on Friday continued was using wider stops and increasing size. Wrong... that's one good way to give every last cent of realized gains away.
<b>Tue 7/15:</b>
Back to trading 1-lot / 2-lot with controlled-aggressive stop management, enter again when trades get chopped out, take +3pt ~ +4pt gains when offered. I guess the description of "veteran" trader is doing the same stupid mistakes less and correct actions more.
It's not a big deal to average +5pts ER per contract daily over the course of time, and current market action allows for more than that. But, it really is a lot of work in the endless v-turn tapes. These indexes have not seen a near-term bottom event yet, but one is coming soon. High potential that happens Thursday or Friday. If so, we'll be shooting for a personal best day in eminis.
Somewhere in the near future there will be a session of price movement covered to be remembered. Until then, just collecting modest cash as usual.
Was up +$2,900 off the first ER2 short trade by 10am est. Then I shorted down to the lows and bought up to the successive highs... which should have resulted in a $10K+ session.
In a bout of stupidity, thought a valid solution to the volatile chop on Friday continued was using wider stops and increasing size. Wrong... that's one good way to give every last cent of realized gains away.
<b>Tue 7/15:</b>
Back to trading 1-lot / 2-lot with controlled-aggressive stop management, enter again when trades get chopped out, take +3pt ~ +4pt gains when offered. I guess the description of "veteran" trader is doing the same stupid mistakes less and correct actions more.
It's not a big deal to average +5pts ER per contract daily over the course of time, and current market action allows for more than that. But, it really is a lot of work in the endless v-turn tapes. These indexes have not seen a near-term bottom event yet, but one is coming soon. High potential that happens Thursday or Friday. If so, we'll be shooting for a personal best day in eminis.
Somewhere in the near future there will be a session of price movement covered to be remembered. Until then, just collecting modest cash as usual.
no blotter today
-1900
-1900
got raped again. net -8.75K. I gotta fight thru the worst month ever at -15K now. hope to make up 1/2 at least. wish me luck
made 10 bucks, forgot the blotter again. Really slow day, and didn't pick my spots well at all.
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