Friday, December 5, 2008

Friday 12/05/2008 - Trades

I was contemplating whether I should even make a Blog post today. I didn't trade on the train , but put on a couple of small trades later in the morning for basically a scratch. Then, I wanted to try out a scaling in with big stops play, so just messed around by taking counter-trend trades on emotional extremes. That doesn't really count for much since the stops were huge (10 pts) and the size was unrealistic (10-12 contracts). It did result in a +$2,571 gain but doesn't count for much. I went over the trade chart briefly, and getting stopped out for a small 2-point loss, and then re-entering at better prices would have netted a bigger profit so I will be sticking with the 2-3 point stops going forward.

Performance Summary/Stats

Trades Plotted on 3-Min Chart

Market Structure Chart (5-min)

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