Results For Today
Total Contracts: 7
Runner:16 Ticks Over 3 Runners
Scratch: 1 (+2 Ticks)
Profit: $397.44 after commission
Channel To Range To ChannelWhat a great day! I got kinda upset with my first trade, because I only took one contract. So out of a 8 point move I only banked 1 point. I decided it was time to get more aggressive. I'm getting tired of missing all these trades because I was scared unless it was ideal. I've watched so many trades I didn't take work out great, and missing that great runner was the final straw. Time to start making some real money.
I'm also going to try doing this a little different. I labeled all my trades, and I will describe why I took each one in a more organized fashion.
Trade 2: It was a bit aggressive, but it was a new high after a trend line break. I'll admit I was a bit off-edge on this trade, and decided to get aggressive. I only banked 2 ticks on the runner (came back and stopped me out). I should have sold the runner sooner.
Trade 3: I missed two trades because I had to take my eyes off the market, but I realized we were in a trading range. Again, I entered with two contracts. It was a new low with a second entry long. I banked 9 ticks on the runner. Could have banked more. Oh well.
Trade 4: I made my profit goals for today, and I figured I would just make a little gravy. I decided I would only trade one contract for now. I did commit a big "no no" when it comes to trading. I added something untested to my strategy and started to listening to pit noise with commentary. Goldman Sachs came in and started buying so I scratched the trade.
Trade 5: I saw what looked like a new trend line, and the short side looked a bit weak. I saw a second entry short, but Goldman Sachs came in buying, so I figured it might trap. I took it for a quick 50 bucks.
Trade 6: As I was typing this there was another trade that set up. I decided to push my luck and went in with two contracts. Closed the runner at +6 ticks, because of the fed speaker coming up. Picture is included below.