Trading e-minis with $1k starting capital

Today I decided to try a different approach. Normally I would continue to trade after the open but instead I took my money ran. My net P/L to commission ratio is one of the best ever. This was all done using my scalping setups (no lucky home runs). Started trading 7:10 am and done by 8:45 am (EST). Here are today's results:

Products traded: ES, ER2
Contracts: 11
Opening balance: 1284
Closing balance: 1569
Net P/L: 285
Discipline: 5
 
Quote from Macca1:

LOL idiot!!! The secret has nothing to do with trading or magic formulas. Its about psychology, go get it out from the library or watch the DVD, it might actually help.
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Let's keep this thread civil and refrain from personal attacks and name calling. Thanks.
 
Quote from Macca1:

HAHA F9 with all your refences to rugby you must be from NZ or Aus??? great comments thow btw.

As for you IndexScalper good luck mate, its ashame so many of us on here have no faith in anyone turning 1k into anything, i guess in reality it is a very tough task to do. But even if it does take abit of luck from the start, if you have that right attitude then theres no reason why you can't get that bit of luck.

You mentioned earlier that psychology was one of your weak points, have you ever read the secret???
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FYI: The game of Rugby originated in 1823 England at a private school in a town named Rugby in the county of Warwickshire (pronounced Wariksheer). The game Rugby is played throughout the world. The All Blacks do play a good game but just like traders, they too have their losers :-)

Sorry to anyone offended by the off topic.
 
Quote from IndexScalper:

Today I decided to try a different approach. Normally I would continue to trade after the open but instead I took my money ran. My net P/L to commission ratio is one of the best ever. This was all done using my scalping setups (no lucky home runs). Started trading 7:10 am and done by 8:45 am (EST). Here are today's results:

Products traded: ES, ER2
Contracts: 11
Opening balance: 1284
Closing balance: 1569
Net P/L: 285
Discipline: 5
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Well done. 1 down four to go.
I noticed that your discipline was good by your reckoning.

regards
f9
 
Quote from fearless9:

If you dont mind me saying so, I think that you are doing yourself a grave disservice by rating yourself.
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i agree, though i think it can prove useful to grade your trades. with a scalping system, this might take some time, but not in the long run. at the end of the day, tally up your graded trades and look for your strengths and areas for development. for example, you might see that you always adhere to rule #1 but score about 60% on rule #3 through the day and across sessions. dig into it and beef up your grade.

hth

kudos on the thread too
 
I assume this borkerage account is the same account in which you started the 800-250,000 thread. If so, then this particular thread is over as well.
 
Good day on ES but ER2 wiped out all my gains. Starting tomorrow I will only trade ES. Points taken in discipline for overtrading and for being stubborn.

Products traded: ES, ER2
Contracts: 79
Opening balance: 1569
Closing balance: 1417
Net P/L: -151
Discipline: 3
 
Quote from IndexScalper:

Good day on ES but ER2 wiped out all my gains. Starting tomorrow I will only trade ES. Points taken in discipline for overtrading and for being stubborn.

Products traded: ES, ER2
Contracts: 79
Opening balance: 1569
Closing balance: 1417
Net P/L: -151
Discipline: 3
More...

You traded 79 contracts today? Today was an uptrend all freaking day. These are the bread and butter days. You have got to be able to capture a squeeze as furious as today's to make trading more than a hobby. I made my month's take just today.

Why did you overtrade and not just ride the trend?
 
Quote from HolyGrail:

I assume this borkerage account is the same account in which you started the 800-250,000 thread. If so, then this particular thread is over as well.
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Your assumption is wrong, HG.
 
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