sfsamperi.blogspot.com

You have to survive

You have to survive
Every day is a battle, survival is rule #1

Friday, July 25, 2014

/ES 1.5 point loss

I got in early just after 8am,  things turned sour for me right before the opening bell.  1.5 point loss.

Thursday, July 24, 2014

/ES 1.25 point loss

There wasn't the greatest rising channel but it looked good enough to use.  I bought a few minutes before the open near support and instantly price went the wrong way.  Judging by the volatility of orders within the first 10 minutes, it looks like it could be a very sloppy day.  Out with a 1.25 point loss.

Wednesday, July 23, 2014

/ES 1 point loss

Everything was looking great after my premarket entry but after the open there was decent selling pressure that stopped me out.  I cant get them all.

Tuesday, July 22, 2014

/ES 4.25 point gain

My trade barely hung in there half the time but after a really long morning, it finally closed past a trailing stop to give me 4.25 points.  Slow, boring but a good trade.


Monday, July 21, 2014

/ES 4.5 point gain selling

Price was trending downward in a falling channel, I sold at a resistance level just after 8:50 am, then price steadily fell down.  Several trailing stops were created and I ended up with a 4.5 point gain.  Nice.


Saturday, July 19, 2014

/ES downtrend should start by December

I'm checking out the $/ES chart on #Mobile Trader with TD Ameritrade http://www.tdameritrade.com/mobileapps

Im pretty sure the us economy did not actually grow by 50% in the last 6 months.   Shorting should become common soon.

Friday, July 18, 2014

/ES 16 point gain for the week (about)

Monday- small gain, 1 point
Tuesday- medium gain, 6 points
Wednesday- small loss , -1 point
Thursday- small gain, 1 point
Friday- large gain, 9 points





I traded on friday in real time using my phone but I lost 3.25 points instead of making about 9 points because my phone confused me on how big the rising channel was.  I thought it was very big and ok to trade against the trend by selling short but I was wrong.  The channel was thin and an obvious BUY situation.  Now I know I have to always use a real computer.  On friday i should have done well.

Trade with the trend, enter at S/R near the open, exit after a close past trailing stop.

Friday, July 11, 2014

/ES 2.25 point loss

I bought at a good looking support area.  In the first 5 minutes i could tell orders were all over the place so I lost faith in this trade pretty quick.  Suddenly it surged up, then it surged down, i was stopped out.

Thursday, July 10, 2014

/ES breakeven short

I sold short at decent resistance.  There was no strong action and I was calmly stopped out.  It was looking like a 2 point loss for me but b y the time my exit order went through price moved toward my entry.  No gain, no loss, breakeven.

Wednesday, July 9, 2014

/ES 1.25 point gain

I had to miss the opening this morning because I was called in for a project at UHY Advisors but if I did trade I would have made about 1.25 points shorting.  It turned out to be another boring summer sideways kind of day. 

Tuesday, July 8, 2014

/es 3 point loss

Bought near support and price tanked.  I was stopped out instantly.  I really felt like watching a good trade today.....3 point loss

Monday, July 7, 2014

/ES .75 point loss Shorting

I lost $37.50 worth by shorting because there was no real follow through, just some slow,boring consolidation.  Then price decided to push up a little higher, i hit my stop loss and exited.  Then price decided to take a decent dive....the move i was wanting.  I was correct on which direction to trade but the morning action evaded me today.  : (

Friday, July 4, 2014

Pre-4th of july randomness

People started trading an hour early and there would have been no clear entry for me and it was a very volatile push up.  I chose not to get in.  If it ever feels strange and different I probably wont trade.  Yhat is when you cant calculate risk anymore. 

Wednesday, July 2, 2014

/ES 1 point gain

By 9 am i figured it was going to be a pointless, sideways, dull day.   But i hung in there and the market really fought for me to have a 1 point gain, $50, after 3 hours.

Tuesday, July 1, 2014

Looking back

So depressing how I did not make one post on my trading blog while teaching during the 2013-2014 school year. Yuck, glad that is over.
Im talking with my beautiful wife about what money I might put in my trading account right now.$5k would cover 1 /es contract.
I want to make my dad proud.   He knew how much I was getting into trading and it would definitely follow my family's sicilian-entreprenuerial-tradition.