Friday, May 7, 2010

Fri.

1:40pm CDT - A quick comment on yesterday afternoon is WOW! I was tempted to hit buy on my ES DOM on the live-cat bounce (it sure wasn't a dead cat!), but I was content to watch in awe. At the height of the panic, ES fell 58 handles in a 4 min. period, the YM nearly 600 pts. I guess this is why our brokers make us sign those risk disclosures when we open an account.

Just 1 bean trade on the long side today.

Net breakdown (contracts traded):
ZS $1169(6)
RESULTS FOR DAY
Contracts:6
Net $P/L:1169
Wins:1
Losses:0
Win%:100
Avg$Win:1169
Avg$Loss:0

For the week, it was my best since the first week of Aug. 2008. And back then I had to place 100 trades (nearly 700 ES contracts) to net $6600! Trading 64 contracts (ZS, CL) in 12 trades this week sure seems a lot less stressful...

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