Emini S&P 500 Day Trading Journal

[trader273 10]

do you never use a stop? This trade went against you about 83 pts and you were still hanging in there?

[TIKITRADER 10]

plan on exiting at 1127.00. currently up 20pts

 

[emg 12]

plan on exiting at 1127.00. currently up 20pts

 

out. profit 35pts. average price was 1097

[Tams 20]

out. profit 35pts. average price was 1097

 

ROTFLMAO... you are so predictable.

 

"oh you mean I didn't tell you I was SHORT ???"

 

"oh wait a minute, was it LONG ???? "

 

 

LOL

[emg 12]

ROTFLMAO... you are so predictable.

 

"oh you mean I didn't tell you I was SHORT ???"

 

"oh wait a minute, was it LONG ???? "

 

 

LOL

 

let me ask u this. were u trading live during late 2008 and early 2009?

[trader273 10]

something tells me this isnt real money....

[emg 12]

something tells me this isnt real money....

 

oh its real. make sure the emotion is controls

[emg 12]

oh its real. make sure the emotion is controls

 

1 thing about many people do not understand is, do not open an account $5K in order to trade futures. $100K is the minimum to open a futures account.

 

Many people do not realize the risk involves trading in the futures market.

[emg 12]

1 thing about many people do not understand is, do not open an account $5K in order to trade futures. $100K is the minimum to open a futures account.

 

Many people do not realize the risk involves trading in the futures market.

 

if the fund managers are trading million dollar margins, why would a small traders trade with only $5000 in the account?

 

i would never trade any futures markets with less than $100K

[trader273 10]

so if it didnt rebound would you just keep averaging and averaging?

[emg 12]

if the fund managers are trading million dollar margins, why would a small traders trade with only $5000 in the account?

 

i would never trade any futures markets with less than $100K

 

We will have more these kinds of days. Let me ask u this. where u there when the live cattles market went limit down 4 days in a row during the mad cow diease in 2003? Were u there when beans went limit up and down in 2005 every week? Were u there when the stock market crashed in 2008?

 

With less than $100K in the account, i am killed.

[TMBTC 10]

Losers average losers!

[emg 12]

so if it didnt rebound would you just keep averaging and averaging?

 

it will rebound. that is the nature. i first started trading in the futures and stock markets in 1981. In 1983, was the worst ever i experienced. I lost more than $300K all because i didnt believe the market rebound on a single day. i almost did that again in 1987 stock marke crashed. those lesson taught me the market will rebound, but at a great cost/loss

[emg 12]

it will rebound. that is the nature. i first started trading in the futures and stock markets in 1981. In 1983, was the worst ever i experienced. I lost more than $300K all because i didnt believe the market rebound on a single day. i almost did that again in 1987 stock marke crashed. those lesson taught me the market will rebound, but at a great cost/loss

 

look at the market now. it is past 1130s

[emg 12]

Losers average losers!

 

if futures traders do not have $100K to start with, u shouldnt trade.

[trader273 10]

i guess why did you decide to go for +30 now as opposed to the +1's you have been taking?

[emg 12]

i guess why did you decide to go for +30 now as opposed to the +1's you have been taking?

 

because the market dropped so fast, it is not wise to go after 1pt based on the extreme extreme volitlity. when this happen, i decide to place my stop at breakeven and let it right up. my goal was to have the market hits my breakeven, however, it jumped 10pts past my breakeven less than a min, and i decide to keep my stop at breakeven.

[brownsfan019 17]

-83 pts at one point?

 

83 ES pts?

 

If it is real, then you got some serious confidence to hang on like that.

 

Probably easier to just post your blotter/statement so we can see how that trade looked.

[emg 12]

Good Morning Traders!

[emg 12]

-83 pts at one point?

 

83 ES pts?

 

If it is real, then you got some serious confidence to hang on like that.

 

Probably easier to just post your blotter/statement so we can see how that trade looked.

 

Mr Brownfan, i have never seen u post any trades. why dont u post trades instead of stating your opinions?

 

The way i look at u now, u probably a teenager or a very young adult living in your parent basement critizing other traders trade, but never post live trade.

 

dont hide and post live trade

[emg 12]

Based on the volitilty yesterday, the 1point profit target becomes 5pts profit target today

[emg 12]

Plan on going short 1150.25

[emg 12]

Plan on going short 1150.25

 

order cancel. will wait after the job report

[emg 12]

Plan on going short 1152.75

[emg 12]

Plan on going short 1152.75

 

order cancel. plan on going long 1094.25