Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

emg

Emini S&P 500 Day Trading Journal

Recommended Posts

1-3 ticks = scalping

1 pt = not scalping

 

but you do realize that 1 pt = 4 ticks, right?

 

Just made the cutoff.

 

due to low volatility which began 2nd half of 2009, 1 pt profit (4 ticks) profit target takes a while to achieve vs 2 ticks profit target. If today is sept 2008 when the es was trading an average 40 pts daily, I would call 1pt profit target as scalping.

Share this post


Link to post
Share on other sites
due to low volatility which began 2nd half of 2009, 1 pt profit (4 ticks) profit target takes a while to achieve vs 2 ticks profit target. If today is sept 2008 when the es was trading an average 40 pts daily, I would call 1pt profit target as scalping.

 

I see what you are saying, it was just kinda funny that up to 3 ticks is scalping but 4 ticks is not... Is there really much of a difference over 1 tick? Going for 4 ticks = $50 which is not much at all some would say (myself included) and I would say that's the very definition of scalping.

 

Too each his own, good luck w/ your journal.

Share this post


Link to post
Share on other sites

My stop is based on 10% of my risk capital. For example, let say i have $40K in my risk capital account, my risk management will be $4000.

Share this post


Link to post
Share on other sites
So... On your example, you are risking $4000 to make $50?

 

Because I be adding contracts if the market goes against me to average my price. let me give u an example on today trade. i went long 1160.50. if the market contiues to fall, i plan on adding at 1155.50. that will drop my average price to 1157.50 and move my 1 point profit target to 1158.50. The odds of hitting my profit target at 1158.50 vs 1161.50 is higher.

 

This approach may seems risky but i always believe the market must correct before continuing the trend. In order to lower this risky approach, i do not enter at any price. I could have enter at long 1164.00 instead of waiting 1160.50. At that time, i believe that the bear market is still strong and decide to enter at 1160.50. Its all Math.

 

There will be time that i be adding 3-4 contracts. I do not believe placing stop because big fund managers can enter a trade 5000 contracts and wipeout many small account traders. By the time big fund managers wiped out many small account traders, they take profit or the market is correcting. Therefore, I need room for the market to correct and may need to average my entry price if needed to which is why my risk management is based on percentage and not stop order

Edited by emg

Share this post


Link to post
Share on other sites
Because I be adding contracts if the market goes against me to average my price. let me give u an example on today trade. i went long 1160.50. if the market contiues to fall, i plan on adding at 1155.50. that will drop my average price to 1157.50 and move my 1 point profit target to 1158.50. The odds of hitting my profit target at 1158.50 vs 1161.50 is higher.

 

This approach may seems risky but i always believe the market must correct before continuing the trend. In order to lower this risky approach, i do not enter at any price. I could have enter at long 1164.00 instead of waiting 1160.50. At that time, i believe that the bear market is still strong and decide to enter at 1160.50. Its all Math.

 

There will be time that i be adding 3-4 contracts. I do not believe placing stop because big fund managers can enter a trade 5000 contracts and wipeout many small account traders. By the time big fund managers wiped out many small account traders, they take profit or the market is correcting. Therefore, I need room for the market to correct and may need to average my entry price if needed to which is why my risk management is based on percentage and not stop order

 

You don't need to worry about a big fund manager wiping out your account. By following your approach, you will do it yourself.

Share this post


Link to post
Share on other sites
Because I be adding contracts if the market goes against me to average my price. let me give u an example on today trade. i went long 1160.50. if the market contiues to fall, i plan on adding at 1155.50. that will drop my average price to 1157.50 and move my 1 point profit target to 1158.50. The odds of hitting my profit target at 1158.50 vs 1161.50 is higher.

 

This approach may seems risky but i always believe the market must correct before continuing the trend. In order to lower this risky approach, i do not enter at any price. I could have enter at long 1164.00 instead of waiting 1160.50. At that time, i believe that the bear market is still strong and decide to enter at 1160.50. Its all Math.

 

There will be time that i be adding 3-4 contracts. I do not believe placing stop because big fund managers can enter a trade 5000 contracts and wipeout many small account traders. By the time big fund managers wiped out many small account traders, they take profit or the market is correcting. Therefore, I need room for the market to correct and may need to average my entry price if needed to which is why my risk management is based on percentage and not stop order

 

Borrowing a Mike Tyson saying: "Everyone has a plan until they get punched in the face."

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 31st March 2025.   Trump Confirms Tariffs on All Countries, Sending Stocks Lower.   The NASDAQ continues to trade lower due to the US confirming the latest tariffs will be on all countries. In addition to this, bearish volatility also is largely due to the higher inflation data from Friday. The NASDAQ declines to its lowest price since September 11th 2024. Core PCE Price Index - Inflation Increases Again! The PCE Price Index read 2.5% aligning with expert forecasts not triggering any alarm bells. However, the Core PCE Price Index rose from 0.3% to 0.4% MoM and from 2.7% to 2.8% YoY, signalling growing inflationary pressure. This increases the likelihood that the Federal Reserve will maintain elevated interest rates for an extended period. The NASDAQ fell 2.60% due to the higher inflation reading which is known to pressure the stock market due to pressure on consumer demand and a more hawkish Federal Reserve. Boston Fed President Susan Collins recently commented that tariffs could drive up inflation, though the long-term impact remains uncertain. She told journalists that a short-term spike is the most probable outcome but believes the current pause in monetary policy adjustments is appropriate given the prevailing uncertainties. Although, certain investment banks such as JP Morgan actually believe the Federal Reserve will be forced into cutting rates. This is due to expectations that the economy will struggle under the new trade policy. For example, JP Morgan expects the Federal Reserve to delay rate cuts but will quickly cut towards the end of 2025. Market Risk Appetite Takes a Hit! A big factor for the day is the drop in the risk appetite of investors. This can be seen from the VIX which is up almost 6%, Gold which is trading 1.30% higher and the Japanese Yen which is the day’s best performing currency. Most safe haven assets, bar the US Dollar, increase in value. It is also worth noting that all indices are decreasing in value during this morning's Asian session with the Nikkei225 and NASDAQ witnessing the strongest decline. Previously the stock market rose in value as investors heard rumours that tariffs would only be on certain countries. This bullish swing occurred between March 14th and 25th. Over the weekend, President Donald Trump indicated that the upcoming tariffs would apply to all countries, not just those with the largest trade imbalances with the US. NASDAQ - Technical Analysis In terms of technical analysis, the NASDAQ continues to obtain indications that sellers control the price action. The price opens on a bearish price gap measuring 0.30% and trades below all Moving Averages on all timeframes. The NASDAQ also trades below the VWAP and almost 100% of the most influential components (stocks) are declining in value.     The next significant support level is at $18,313, and the resistance level stands at $20,367.95. Key Takeaway Points: NASDAQ falls to its lowest since September 2024 as the US confirms tariffs on all countries, adding to inflation concerns. Core PCE inflation rises to 0.4% MoM and 2.8% YoY, increasing the likelihood of prolonged high interest rates. Investor risk appetite drops as VIX jumps 6%, gold gains 1.3%, and safe-haven assets outperform. NASDAQ shows strong bearish momentum, trading below key technical levels with support at $18,313 and resistance at $20,367.95. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • PM Philip Morris stock, top of range breakout at https://stockconsultant.com/?PM
    • EXC Exelon stock, nice range breakout at https://stockconsultant.com/?EXC
    • UTZ Utz Brands stock, watch for a bottom breakout at https://stockconsultant.com/?UTZ
    • FL Foot Locker stock, nice breakdown follow through at https://stockconsultant.com/?FL
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.