Wednesday, November 4, 2009

FOMC Day

3:00pm CST - 2 trades after the FOMC non-news. Coulda, woulda, shoulda held the second one into the close for 10+ points...

RESULTS FOR DAY
Contracts:2
Net $P/L:169
Wins:2
Losses:0
Win%:100
Avg$Win:85
Avg$Loss:0
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3 comments:

  1. jzwNovember 4, 2009 at 4:46 PM

    good to see some green.

    Confused by your comment on your problems being psychological and possibly the lack of an edge? Which one is it? or both?

    How detailed is your trading plan? Do you have a number of set-ups that you watch for, along with an idea of how to manage those trades e.g. scalp, trail stop?

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  2. MBAGearheadNovember 5, 2009 at 3:01 PM

    Thanks jzw. Didn't mean to confuse anyone with my sarcasm regarding sending me a winning strategy! Yes I have a "trading plan" and do have a number of chart/candle patterns I look for. Don't really want to get into specifics here in the comments. Maybe I'll elaborate more in a future post...

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  3. E-Mini PlayerNovember 5, 2009 at 4:21 PM

    Reminds me of a quote from Dr. Brett Steenbarger:

    "Too many traders are looking for setups, when in fact they're the ones being set up."

    :D

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