Monday, March 9, 2009

Day 1 Traded Correctly...

Not much to talk about. Took a loss in the morning catching the end of the trend then caught a +4.25 and +1.5 to get up a decent amount on the day. I tried to get into another valid double bottom but as you can see there was no fill since the open and the low were the same on that entry. Oh well. There was a valid trade good for 2 points but it fired off at 11:58 (and rules say no go until 12) and then later in the afternoon I took a double bottom setup that was really kind of odd and didn't look nice but it was valid so I did what I was supposed to do and took a -1.75 loss.


Overall not a very profitable day, but a profitable day. More than that, I traded correctly and executed well. Bring on tomorrow.

Trade Results:

ES: +87.50

2 comments:

E-Mini Player said...

"There was a valid trade good for 2 points but it fired off at 11:58 (and rules say no go until 12)"

Have you considered building in some flexibility? Considering how dynamic the markets are, I wonder if rigid rules like that one are helpful aids or merely crutches? I don't know the answer. Just a thought.

Matt said...

I know I know... but I just need to get a baseline in this week.

I was thinking the exact same thing as you said BUT if it hadn't of worked then i'd be beating myself up over it. So at this point... I don't really care.