Monday, March 19, 2007

Today's Futures Trades

Finally learned when NOT to trade futures, and that was the key for my profitable results today.

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It could have been the overall market environment today, but ES was more tame and well behaved, unlike its caffeinated cousin ER2. The better behaviour gave me time and confidence in identifying the trends, intraday tops, and bottoms. In the afternoon, when it was range bound, I decided not to trade.
There were a couple of times where I was tempted to go back to ER2, but really need to trade ER2 in demo mode before I can restore my confidence in trading that futures index.


john said...

nice job!

Phileo said...

Thanks! Now I just need to prove that these results were not a fluke.