Wild Day

Plenty of opportunity today. Was watching the short at 901.50's. Missed the huge move down in the first 45 mins, which I sat out of. Then tried to take a short at the 50% retracement level of that move. There was also a first test of the daily vwap, but that didnt hold either. I got stopped out for minus 6 ticks on 1 contract. 

I'm going to be using 1 contract for now, because that $150 hit to my account hurts on 1 full stop out.

Es: -$75

Too early...

I feel like I just shorted a minute too early. Took a micro short, which broke out and my stop was 910.75. As I'm typing its at 908. Took a gut shot at that short and it just didn't go my way. 

I really have to stop playing counter trend moves after I feel like I missed the chunk of it. Last night I was looking at a long in 876 area with the prior support and a short at 900.50 coinciding with a gap fill at 901. Today has been the day to buy pull backs and I'm the one looking for the short. Trying to pick tops. Today was bullish, clearly.

Es -$150

Quote of the day

"Failure drives me
Every time I fail
I am that much closer
To succeeding
I am not the best
Till I become my best
Victory is in my heart
If I give my heart
I cannot be beaten
Strive for excellence
Achieve perfection
I cannot be beaten"

Pics of the rig

What I look at:

Left to right. ADX on a 2 min, Emini Addict chat window, continuous Es on 15 min. 4 chart grid with Es on 512 tick with Carter's squeeze indicator, nyse trin on 1 min, bank and sox on a daily 2 min. To the right of that my Infinity futures order window and market internal spreadsheet below that. Then Finally the nyse tick on a 1 min 0, +-500, and +-1000 lines highlighted, and the Es on a daily 233 tick with time and sales opened.

First day back

In a trade now. Got short at 899.75 with 2 contracts. First target hit at 899.25. Riding the second with a stop at 900.25.



Complete chop from the 50% lines long and short. Was 1 tick from getting stopped like 6 times. Ended up breaking out above 900. 

Es: +$0

Good Oops!

Well I've been away from trading for a few weeks dealing with work and school.

I just got done downgrading my pc from vista to xp pro. So now all things are great. I downloaded all my software today and got my order brackets on Infinity back. I placed a few trades on the SIM, but had my live account still open and accidentally made a trade on it. I got my first target hit and ended up with a 5 tick profit. Better lucky than right I guess. 

Too bad it wasn't the trade for 6 points, but thank god it wasn't the one that ended in a full stop out.

ES: +62.50