Trader P/L 2008

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Quote from austinp:

Worked ES all the way. Shorting into the early drop, stood aside for the midday plunge, went long enough times into the expected squeeze to make it all worthwhile. Multiple sell signals were there into the bottom, I found them hard to believe... they made a believer out of me as usual while I observed on the sideline.

Just another 95pt ES range from Friday's close to Monday's low. Is the VIX >100 yet?

Nice job, Austin. How many points ES did you net per?
 
<i>"Nice job, Austin. How many points ES did you net per?"</i>

+25pts from entry to exit on varying contract size... 5 to 20 contracts as the day wore on. Many went +4pts ~ +6pts and back out for modest gain or sometimes par in the deep v-turns.

Missed out on all of the drop past 10:30am est into afternoon lows. Most of the gains logged came inside the afternoon ramp which was expected but very staccato. TF was much straighter as usual, but the bid/ask spread and price action thru signals was frightening.

In all reality, the tape is a bit too wild for really big gains. Could have logged 50k or more with the exact-same entries if whipsaw pullbacks didn't whack many good stops. Last exit was 1039.00 pullback on a trail from 1045 for +8pts from entry... just before it popped another +10pts, +20pts, +30pts sequential up from there.

Tapes calm down a bit, pullbacks shallow out, things will get much easier. Eminis were the wild, wild west today. This is way too much like work right now.
 
I'm still a trainee day trader, and today I managed to stop out within a half hour of trading - I think its an office record.

I also managed to short every bottom and long every top - I love this job!

Executions and P/L attached.
 

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Day 11:
Had a great day, accidently entred a trade with double then the inteded size and, to my fortune, was one of my best trades which led me to my second best day in a mere 30 seconds, so decided to paper trade for the rest of the day and continued to do well.
Real: +40.8 on 100 shares, one trade.
Paper: +507 on 3k shares.
 

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