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.
Monday, November 15, 2010
Mon. 11/15
3:25pm CST - Stats below include last night. Zero wins today and overtraded during the early chop in ZS. After I exceeded my loss limit in ZS, there were some good swings that I just watched.
Net breakdown (contracts traded): ZS -$1695(33), ZW $7(6), RLM -$893(15)
You're trading a lot of contracts for being on a roller-coaster that dips a bit low at times. I DO understand the sitting it out part and then seeing the "winners" drop into place. We're not machines.
I saw those ZS too, my suggestion is reduce contracts, so the trade amount can be more and looked for higher swing. Annoying to see ZS up 20 cent, down 15 cent after the chopped :(
You're trading a lot of contracts for being on a roller-coaster that dips a bit low at times. I DO understand the sitting it out part and then seeing the "winners" drop into place. We're not machines.
ReplyDeleteI saw those ZS too, my suggestion is reduce contracts, so the trade amount can be more and looked for higher swing. Annoying to see ZS up 20 cent, down 15 cent after the chopped :(
ReplyDelete