Tuesday, May 01, 2007

Today's Futures Trades

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The silver trade was a mistake, I was using a mental stop and it cost me.

In the first copper trade that I made, I was unwilling to risk the profits that I had at that point in order to gain more profits. If I was willing to risk all of my profits, (by leaving my stop @ the previous bar low), then I would have captured much more. But I actually had a bearish bias at the time I sold, and never would have thought it would continue climbing up to R2.

There was a lot of money to be made in ES today. Unfortunately, I was pre-occupied in the morning, so was unable to follow the OMNI to short @1492.

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