Thursday, September 17, 2009

Jerky

3:10pm CDT - Tough day. Lots of fake outs today which kept me scrambling and bouncing from red to black and back again. On the chart are 5 trades from the morning which had me a smidge red. Recovered in the afternoon but the jerky action had me taking gains off quickly. ...too quickly in most cases. I expect this jerkiness is partly related to expiration day which is tomorrow.
9/17/09 morning trades

RESULTS FOR DAY
Contracts:28
Net $P/L:152
Wins:7
Losses:2
Win%:78
Avg$Win:125
Avg$Loss:-361
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7 comments:

  1. E-Mini PlayerSeptember 17, 2009 at 4:17 PM

    I like how OEC automatically plots the trades on the chart for you. That Avg$Win:Avg$Loss is slippin' but good to see that you still managed to end the day with a positive P/L.

    ReplyDelete
  2. MBAGearheadSeptember 17, 2009 at 5:27 PM

    Thanks. Yeah, OEC has some nice features when it works! Quotes froze a couple times today for a brief minute or two...

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  3. UnknownSeptember 17, 2009 at 11:45 PM

    Congratulation for your good trading.

    How much stop and target do you use?

    thank you very much

    ReplyDelete
  4. MBAGearheadSeptember 18, 2009 at 12:26 PM

    Thanks Superman. My stops and targets vary. Targets normally less than 2 points and stops normally less than 4 points. Lately I don't use a fixed stop but wait until chart tells me to get out. Target I always set with limit order initially but do adjust it at times as trade progresses.

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  5. UnknownSeptember 20, 2009 at 6:17 PM

    thank MBA, What is you opinion about stop 2point and target 1 point?

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  6. MBAGearheadSeptember 21, 2009 at 3:16 PM

    No opinion Superman. Backtest or trade on sim and see how it does.

    ReplyDelete
  7. UnknownSeptember 22, 2009 at 9:35 PM

    Thank you very much

    keep your trading

    ReplyDelete

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