sfsamperi.blogspot.com

You have to survive

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

Saturday, March 9, 2013

just randomly posting an entry.  I searched through many charts but I finally found a good entry for me.  There are several that I have my eye on.

**short entry at close on 3/8 for Nasdaq 100 tech sector, NDXT on TOS platform.  Initial stop is a close above my entry bar.

overall the market is sounding more exciting since new all time highs are being hit.  Japanese Yen futures was one of the only charts that I have seen sinking.




Saturday, March 2, 2013

Sequestration is the latest buzzword people keep saying.  I like the picture I saw of Obama glaring to the side at Boehner in disappointment.  Which rich actor/government worker do you like?  Politics reminds me of my lovely fiancĂ©'s novellas.  Scandals, a lot of make-up, everyone is blaming someone else.  How many hundreds of years will it take for humanity to improve on democracy?

I can't find enough trades to get into by just looking at index futures so I keep skimming over the other contracts available.  Certain contracts act a little too wild for my taste but im basically willing to get into anything. 

My running total of trades that I have been keeping track of since November is at or just above 30 and my % of trades that gained is close to 40%.  Currently I am shorting Heating Oil and New Zealand Dollar for my only open trades and both look really good at the moment.  As long as there is no huge one day pullback on either I will add a couple of large gains to my record.

One of the recent losses I just had was for 5 year treasury futures.  I noticed it had a bad pullback on the weekly chart, for what I want, and now I will pay more attention to the weekly charts.  The daily chart is telling me my exact day to enter (timing) but the weekly chart, which is naturally the more important time frame is the main thing.  I used to put more emphasis on the daily chart since I entered using it, maybe that's a really good thing for me to switch it around.  sounds kinda like wisdom that I have heard before........maybe I can apply that wisdom better now. we'll see.

Sunday, February 10, 2013

Have been taking old advice to heart all winter.  Or, I figured out which old advice to actually listen to.  I have heard opposite opinions.  I see how It is probably going to be foolish for me to expect over 50% of my trades to gain.  Its perfectly fine to LOSE MONEY ON MOST TRADES as long as you keep your losses small and leave the possibility for your gains to get very big.  Out of 20 trades, I am looking to  gain big on 3 or 4 of them, gain a little on 3 or 4 of them while the rest are small losses with maybe a few break even trades. 

I have been recording things at home off this blog.  I have made many trades in the past few months and my performance seems fine.  My performance is reflecting what good, realistic trading advice dictates.  I am entering at reversals on major high's and low's and exiting using trailing pivots, or a close past my entry bar as an initial stop.  I stopped trying to find the perfect set up that leads to great trades most of the time.  Now I just get in when it seems decent and I let the probability play out.  I used to worry about if each of my trades would turn into hug gainers but now I really don't care about any particular trade and I want to see how I do over certain time periods.  If I gain big on a trade now, I am not as excited as I used to be since I expect to only have a few big gainers and that is what I get.  No surprise.  I am content if the probability plays out over a certain period of time.

Monday, June 25, 2012

I have been trading in the mornings on the 5 min chart for nasdaq futures in real time.  i made several mistakes on the first few days and then i started to improve toward the end of the ten days.  I made mistakes cuz i was not used to trading with my new smart phone nor making morning day grades o  a 5 minute chart.  by improving, i mean taking a smaller loss or just finding the entry easier.

6/4/12    -10pts (about)
6/11/12    +4.25pts
6/12/12     -4.75pts
6/13/12       0 (break even)
6/14/12      -12pts
6/19/12       +12.25pts
6/20/12       -3.75pts
6/21/12       +1.75pts
6/22/12        -6.75pts
6/25/12        +12pts

Lets see what happens over the next ten trades...

Monday, June 11, 2012

Even though i was having trouble using my phone i was able to enter and exit a playmoney trade for nasdaq 100 emini futures which was a 4.25 point gain.  good gain even though it felt small compared to the overall volatility.  the trade lasted two hours.  i did a good job waiting for the breakout of the long falling channel.  at the open it looked like it was going to go up but soon it turned down.

Friday, June 8, 2012

Im about to finally start trading with real money again.  it will probably be on a 5 min  chart for nasdaq emini futures.  i think i can manage making day trades in the mornings.  everything should start rolling in a week.

Lately i have liked using channels instead of the ema's for finding an entry.  i figured that since i exit using price bars, it would probably be easier if i enter using price bars too.  for the past week or so i would have gained 5, 10 or 12 points every morning.  i have to get used to day trading because thats all i can afford right now anyways.