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Tag Archives: er2
Trading Report Feb 12 – 21, 2008: +$146
Last week’s trading was uneventful. I recall a couple of times I took a small profit too early instead of waiting for the big runs afterward. It would have been a great week. On Feb 14, I entered a short on the pre-market. I exited way too early because the price kept dropping for the [...]
Reward Risk of Popular Index Futures
ER2 YM ES EMD 10min ATR 2.7 32 4 2.6 Daily ATR 26 341 42 25 $ / point $100.00 $5.00 $50.00 $100.00 Reward/Risk 9.63 10.66 10.5 9.62 I’m using the intra-day ATR as a risk factor because I’m assuming them as noise. I use 10 min. as the basis because that’s about the time [...]
Day trading report Feb 11, 2008: No Trade
I watched the market for about an hour last night and then just went to bed. I was too tired and found that I wasn’t concentrating. My brain was definitely off already. I seriously considered entering a long at about the vertical line. Then after watching it for a few bars, the price seems to [...]
Day trading report Feb 8, 2008: +$340
The 3 trade max. rule is working well tonight. I was more patient to wait for the right moment. I almost entered my 4th trade but didn’t because I wanted to stick to my rule, at least for the first day. Luckily, that would have been another losing trade. I think I’m finally learning that [...]
-$1000 in 2 days!
I’m down $1000 in 2 days from day trading ER2. Take a look at these graphs and it’s obvious the reason is that I’ve over-traded. ER2 graph February 7, 2008. ER2 graph Feb 8, 2008. I have completely forgotten what I have learned in the past two weeks in Canada. I could blame it on [...]
Day trading report Jan 31, 2008: +$590
What a day today. Volume was great and swings were huge too. I had a good day today and covered my losses from yesterday. Good days always seem to come after a bad day. I think it’s probably because I’m more calm after a losing day. So now, I just need to maintain my composure [...]
Day trading report Jan 30, 2008: -$560
A hell of a ride today from the FOMC at 2:15pm. The day was pretty quiet before the announcement. Then at about 2:14pm, the price broke up because the FED lowered interest rate another 50 pts to 3% as expected. I tried my scalping strategy explained a few days ago, it didn’t work! After losing [...]
My name is Paul and I am a full-time engineer, part-time trader. Back in 2000, I deposited my $5000 interest-free student loan with an online broker. Since then, my interest in trading has become an obsession.
Day Trading Report Feb 22, 2008: -$690