Friday, January 31, 2014

ES 1/31/14 +4.75

Didn't trade the morning session and most of the afternoon one. Lately, I've been playing around with my chart settings a little. Switching from the original 2000 tick to 1500 and 1800. The original setting might be too "slow" for me.

Also, I've been drifting away a bit from my original trading plan. After hitting my daily points goal, I should just stop trading. For today, that would mean after the 5th trade. Need to be more discipline and stick to my trading plan. Greed kills. Actually, on many occasions, was thinking to stop, after having 2 straight winners (1.25 + 1.25 pt, which is below my daily goal). I rarely hit 3 in a roll, so the odds of my 3rd trade being a loser are high. Maybe I should lower my daily goal to 2.50 pt? Something to think about.

Anyway, did the same number of trades as yesterday: 6.
  1. Short = +1.25
  2. Short = +1.25
  3. Short = -1.50
  4. Long = +1.25
  5. Short = +1.25
  6. Short = +1.25
BTW, Happy Lunar New Year!

E-mini S&P 500 Futures chart for Friday 1/31/14
ES chart 1/31/14

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