sfsamperi.blogspot.com

You have to survive

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

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. 

11.25 point gain

Beautiful, worry free, big 5 minute trade.  Price opened at support of a decent little rising channel.....support = buy it stephen!  This morning turned out really well.  The big trades like these are the real gains I will make for my account.  The last week or so would have 'struggled' to give me about $700 in gains, but then a day like this nearly matches the last 6 trading days combined.

It doesn't always work out, just like yesterday.  That was a 2.5 point loss.  That is chump change for /ES standards but it kinda hurts when you had been making gains of only 6 points, and then 1.75 points.  But an 11 point gain like today is what makes sense of everything.  I get into trades and focus on getting out.  As long as I limit the size of my losses, I can let the gains keep going and going like today.

Why did it go up?  I don't know or care why, i just look at what is happening now visually.