Read Full Post.....
Trade1:
Risk = 50 ticks
Profit = 60 ticks
Trade2:
Risk = 50ticks
Profit = 80 ticks
Trade3:
Risk = 20ticks
Profit = 10ticks
Trading Copper today was effortless, I did not feel like I had to fight the tape, and patience was easy to come by.
Trade1:
Risk = 10 ticks
Profit = 8 ticks
Trade2:
Risk = 20 ticks
Profit = -20 ticks (note that chart indicates I sold at the second red bar - that is incorrect, I actually stopped out at the first red bar)
I made the mistake of moving my stops down to aggressively in the first trade, and that mistake cost me a lot of profits. In the second trade, the mistake from the first trade was still messing with my head. After the second trade I decided to stop trading silver for the remainder of the day.
So, it sounds like I had a good trading day overall, right? Wrong.
I tried to chase the uptrend in ES again, and broke my rule of 4 trades per futures contract. Watching a strong uptrend like that was too compelling, I am still learning how to control the urge to chase a strong uptrending day like that. As a result of my overtrading ES, I lost much of the gains that I had made in Copper.
ES seems to bring the "be a dick for every tick" in me, whereas I seem to be more patient with Copper. They are obviously different markets, and with that comes different subtleties and different market behaviours - however, I have to do better in behaving the same way towards any market.
DailyReview (123)
futures (108)
futuresTrading_Plan (73)
MarketReview (66)
trades (56)
uranium (47)
swing (46)
victories (42)
Ideas (40)
bigger Picture (40)
screwUps (35)
OffTopic (34)
options (34)
chartReview (30)
LearningCurve (22)
Pattern Catalog (14)
sectors (13)
rules (9)
TechTrends (8)
Euro (7)
daytrades (7)
trendDays (7)
MonthlyReview (6)
ProductReview (5)
Trading System (4)
Followers
Wednesday, April 25, 2007
Today's Futures Trades
Posted by Phileo at 10:49 PM PermaLink This!
Labels: futures
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment