A daily chronicle of results of one retail futures trader trading my own accounts. I define myself as a day trader and generally swing for at least a few points most of the time. But I do make the occasional scalp for ticks too.
Wednesday, October 7, 2009
Choppy
3:00pm CDT - First trade of day long was up 3 pts. before going back to breakeven to stop me out. Other 2 trades were about the worst entries possible.
From my strategy testing experience, two point moves are very common on the ES. Anything behond that, can reverse and stop you out very frequently. I have set a 2 point target on my intraday strategy. Since today was a small range type of day, I can understand why you had that stop-out. I didn't have a very good day either because of that, with 1 winner and 1 loser.
From my strategy testing experience, two point moves are very common on the ES. Anything behond that, can reverse and stop you out very frequently. I have set a 2 point target on my intraday strategy.
ReplyDeleteSince today was a small range type of day, I can understand why you had that stop-out. I didn't have a very good day either because of that, with 1 winner and 1 loser.
Good trading.
Jorge
Hey Jorge, thanks for comment.
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