ES July Trading Summary

RESULTS FOR JULY
Contracts:	103
Net $P/L:	420
Wins:	56
Losses:	30
Win%:	65
Avg$Win:	33
Avg$Loss:	-48

Tough Day of Nothing

6:50pm CDT - Well I sort of answered my question in yesterday's post by trading terribly today and found myself holding losers too long and averaging down. Curses! Net results were a scratch day. Total time in the market today was 1:45 hour!

RESULTS FOR DAY
Contracts:	32
Net $P/L:	4
Wins:	13
Losses:	10
Win%:	57
Avg$Win:	18
Avg$Loss:	-23

Scalps

3:15pm CDT - I went back to an old style today and results were okay but lots of work. Attached chart is the morning fills. Not sure if I'll continue this or not as in my past I would sometimes let a losing trade get too far away from me and either take a nice loss or double up and later take a bigger loss! Maybe my additional "experience" will prevent me from doing this now. We shall see...

In a nutshell, I look for minor exhaustion in the charts and/or DOM after a move and normally fade it for a couple ticks. Total time in the market today (total length of time I wasn't flat) was 23 mins. The 7:30am CDT news release provided a nice short for 4 ticks and was best trade of the day!

RESULTS FOR DAY
Contracts:	17
Net $P/L:	168
Wins:	10
Losses:	6
Win%:	63
Avg$Win:	22
Avg$Loss:	-9

Dinner

3:05pm CDT - A few quick scalps... Not much but enough for a nice dinner. :)

RESULTS FOR DAY
Contracts:	4
Net $P/L:	52
Wins:	3
Losses:	1
Win%:	75
Avg$Win:	22
Avg$Loss:	-15

A few chips

2:50pm CDT - Another slow day as I'm mostly taking the trading easy until I find an edge I really feel like I can exploit with larger size. In the meantime, I want to stay out of trouble. And as I've mentioned, I'm in no hurry. The longer you trade, the more patient you become I think.

RESULTS FOR DAY
Contracts:	2
Net $P/L:	107
Wins:	2
Losses:	0
Win%:	100
Avg$Win:	53
Avg$Loss:	0

Monday Monday

3:00pm CDT - Slow day for me but positive which is all that counts.

RESULTS FOR DAY
Contracts:	2
Net $P/L:	44
Wins:	2
Losses:	0
Win%:	100
Avg$Win:	22
Avg$Loss:	0

Fri. Scalps

2:10pm CDT - Took a break from backtesting. Made some scalps and fought most of them. Glad to end the week on plus side. Looking forward to a nice summer weekend - the last one of July already?!

RESULTS FOR DAY
Contracts:	10
Net $P/L:	86
Wins:	5
Losses:	4
Win%:	56
Avg$Win:	34
Avg$Loss:	-21

Up Up Up

No trades for me today. Busy backtesting...

Plus side

3:00pm CDT - A nice day for a change. 80% of this came from shorting at close yesterday 953.25, then covering a few minutes after reopen at 3:33pm CDT for 3.5 pts. Then shorting again at 3:56pm at 954.75 and walking away with my buy limit hitting 4.5 pts lower early in evening last night. Lucky? Perhaps. But I knew the odds of a down day soon were getting VERY high with 7 up days in a row.

RESULTS FOR DAY
Contracts:	7
Net $P/L:	508
Wins:	7
Losses:	0
Win%:	100
Avg$Win:	72
Avg$Loss:	0

Blah

RESULTS FOR DAY
Contracts:	3
Net $P/L:	-120
Wins:	1
Losses:	1
Win%:	50
Avg$Win:	110
Avg$Loss:	-230

Monday

3:00pm CDT - Had enough after two trades in first hour today. Spent rest of day backtesting and running into coding problems with eSignal EFS.

RESULTS FOR DAY
Contracts:	3
Net $P/L:	-283
Wins:	0
Losses:	2
Win%:	0
Avg$Win:	0
Avg$Loss:	-141

Positive Note

2:30pm CDT - No trades yesterday but a few today. Glad to end my short week on a positive note. Still working on backtesting a new system and testing various setups. The work never ends...

RESULTS FOR DAY
Contracts:	3
Net $P/L:	154
Wins:	3
Losses:	0
Win%:	100
Avg$Win:	51
Avg$Loss:	0

I'm back

3:30pm CDT - I'm back from vacation but trading like I need another one. Lack of discipline at end of day had me holding a loser and adding to it! I know better.

RESULTS FOR DAY
Contracts:	12
Net $P/L:	-456
Wins:	4
Losses:	4
Win%:	50
Avg$Win:	18
Avg$Loss:	-132

A Few Scalps

2:55pm CDT - Tested out a new scalping system with a few live trades. On vacation officially as of now! :) See ya later next week!

RESULTS FOR DAY
Contracts:	4
Net $P/L:	65
Wins:	3
Losses:	1
Win%:	75
Avg$Win:	22
Avg$Loss:	-3

Tooth Fund

3:00pm CDT - I couldn't stay away after a morning trip to dentist where I received a treatment plan for over $2000 in work ON A SINGLE TOOTH! So to start my "tooth fund" I made 1 scalp short at 2:49 CDT and was out 38 sec. later.

RESULTS FOR DAY
Contracts:	1
Net $P/L:	47
Wins:	1
Losses:	0
Win%:	100
Avg$Win:	47
Avg$Loss:	0

July Break

3:00pm CDT - No trades again today. My eyes are popping out looking at so many charts and coding studies in eSignal to evaluate. It is a time consuming endeavor. In a couple days I'll be on vacation so may not post for a week or so until I return. I do need a break from the screens and look forward to enjoying the great outdoors. Back before you know it and will resume posting when I have something to report!

RESULTS FOR DAY
Contracts:	0

Monday Work

2:30pm CDT - Worked on backtesting all day. Looks like double tops and bottoms would have been nice to trade today! Next time...

RESULTS FOR DAY
Contracts:	0

Pre Holiday

3:00pm CDT - Typical pre-holiday action. Happy Birthday America! Back at it Monday...

RESULTS FOR DAY
Contracts:	1
Net $P/L:	22
Wins:	1
Losses:	0
Win%:	100
Avg$Win:	22
Avg$Loss:	0

July Start

3:00pm CDT - Another slow day. I treaded lightly. Tomorrow should be even slower. More time to backtest! :)

RESULTS FOR DAY
Contracts:	2
Net $P/L:	19
Wins:	1
Losses:	1
Win%:	50
Avg$Win:	22
Avg$Loss:	-3