Wednesday, April 13, 2016

perfect ES trade 4/12/2016

Not much to say on this one. Morning range of 2039 to 2043 was broken. Just before open the market retraced to break down point. Most of the time the first minute of trading is in the wrong direction of the first 5 minutes.  Shorted 2039.25 and filled for a point shortly after.

Saturday, April 9, 2016

Mother told me there would be days like this 4/8/2016





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I have way too many days like this. If I can not turn these types of days around - I will never get the chance to be a full time trader.  Here below is a blow by blow recall of Fridays trading for me.
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1) Market broke back into the morning range. Sold the pullback to 2048 but instead of going for one point, I wanted two - got a tick instead.
2) Tried reselling when the market paused at 2049.00.  Too slow to get the fill at 2048.75.
3) Tried reselling again at 2049.75. Had my order in ahead of time but market did not tick there.
Between 3 and 4) - getting frustrated. Market looks like it is getting bought.
4) Saw huge offers at 2049.75 and 2050.00.  Really stupid - my trading plan does not allow for this type of trade in a non-trending day. Got filled and stopped quickly.  Thestop point is where I should be buying instead.
5) Again breaking the rules playing a type of breakout trade.  Should have bought the pullback instead for a perfect trade. After 7 minutes, made a tick.
6) Frustrated enough to play a video game expecting the market to do nothing.  Instead - it triggers a 50% of days range trade that I miss.  Again the entry would have been perfect.
7) Had order in to short at 2051.75.  Market ticks there but do not get filled. Market quickly moves 1 1/2 points away from my order so I pulled it.  Should have left it in.
8) Tried shorting market on the close of the previous bar at 2049.75.  Seconds late on what would be a perfect entry.
9) Shorted pull back to 2049.75.  Trade went against me for one point where by my rules, I should have added to the position.  I chickened out and do not add. To add insult to injury, I try moving buy stop lower thinking I could get at least 2 or more points, but the market takes me out.
10) Market breaks down pullbacks to last support point but my other half is yelling it is time to go to work. I saw f-it and shut down.  Again another perfect entry.
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Net results of the day :  minus $40.
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What I should have had if I followed my rules and was about 5 seconds faster on few of my trades: plus $460

Sunday, April 3, 2016

perfect ES trade 4/1/2016

On Friday - they tried to take them lower but couldn't.  The they tried to take them higher, and I bought at support.  Perfect trade, executed perfectly.  My only regret was that the train left the station so fast and just kept going, I could not find a good entry point to get back in.  It is fun when trading is this easy and thats no joke.

Saturday, April 2, 2016

A messy ES trade in amessy market 3/31/2016



This was a sideways market and i was playing it more  like a semi-trending market.  Either you buy the pullback of the breakout - first trade marked on the chart and/or you buy the pullback to the second entry point then add more contracts in the third trade entry stop.
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I bought in between the first and the second entry points and made a mess of things. I could have added at the lower level and saved the trade, but I didn't.
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One of my big mistakes I make too often is missing the first couple of trades either with no fills or putting in orders too late (see the short and long of the first two circles), then I am not in mental shape to trade the next trade.  In other words, MISSED, MISSED, CHASE - get hit.

Getting in late ES trade 3/30/2016





I missed the first pulback to the correct buy level after the bulls got back into control.  The market was a bit choppy. After the market made a new high, I should have bought around 2056.25 at first support, and then added at 2055.25. Instead I bought at 2056.00, did not add and then wrongly gave up on the trade after it exploded at 2:30 pm.  If I had added at 20552.5, i would have taken it off at a gain of a point and then tried to allow the 2056.25 entry to become a runner-maybe get more then a point.
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All of this would have been mentally easier for me if I had made the first trade and then entered at the correct levels on the second trade according to my trading plan. Bad mental mistake.
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There are even third and forth trades marked by the green arrows later.

Friday, March 25, 2016

Perfect ES Trade 3/24/2016







This is how I trade now of days.  Most of my trades are in the ES mini.  Most of them are a goal of one point with a stop loss of 2 points.  I attempt to have runners when I can.
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The above trade was perfect.  Market was in a range and I tend to get chopped while in it.
So wait for the range to be broken with the buyers in control (using stoc above 50%).
Buy the pullback - a pullback of 38 to 50% of last move.
Wait for target to be hit.
This time because of the choppiness, I did not try for a runner when I could have gotten 3 pts out of the trade.
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Bottom line - perfect trade.

Friday, June 19, 2015

May 2015 Results

Trades: 16
Winners: 10
Losers: 34
Break evens: 3
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Total Gains: $404.00
Total Losses: $-700
Avg Gain: $40.40
Avg Loss: $-233.33
Biggest Gain: $50.00
Biggest Loss: $550.00
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Trade Net: $-296.00
Commissions: -$83.96
Short term Trading Net: $-379.96
Month Net: $-379.96
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I was very happy with my futures trading this month.  What killed my month was I gave out on an option play i had been rolling for months and took a $550 loss on.