Wednesday, April 30, 2014

ES 4/30/14 +5.00

Did 2 contracts per trade today. Was tempted to jump in on a few occasions around the time when the FOMC statement came out. Good thing I held back and sat on my hands. Always dangerous to trade during these types of events. Fast money could be made, but even faster money could be donated away.

BTW, IB no longer supports TWS 938.1. NT users will need to update to version 944.3 prior to tomorrow May 1st. Doing my update tonight.

E-mini S&P 500 Futures chart for Wednesday 4/30/14
ES chart 4/30/14

Monday, April 28, 2014

ES 4/28/14 +3.00

Only traded the morning session, as I have to be away for the afternoon to run some errands. Would've had an even better day, if not for a losing short trade. Was too quick on the trigger. If I had waited for more confirmation of the setup, I would've realized that I was shorting near the trend line support area. Live and learn, I guess (I hope).

E-mini S&P 500 Futures chart for Monday 4/28/14
ES chart 4/28/14

Friday, April 25, 2014

ES 4/25/14 +3.25

Took 2 trades, but missed on another 2.

E-mini S&P 500 Futures chart for Friday 4/25/14
ES chart 4/25/14(a)

Update: Took 1 more late trade and also skipped on 1 other.

E-mini S&P 500 Futures chart for Friday 4/25/14
ES chart 4/25/14(b)

Thursday, April 24, 2014

ES 4/24/14 +2.50

The early morning down move was just too quick for me. Sat on the sideline, as I was not comfortable trading in such a fast market. In the past, I tend to end up buying the tops and selling the bottoms, when trying to join in.

E-mini S&P 500 Futures chart for Thursday 4/24/14
ES chart 4/24/14

Wednesday, April 23, 2014

ES 4/23/14 +2.25

Finding it very hard to stay concentrated on the chart all day. I tend to toggle between the chart and news, trading and travel sites. This results in quite a few missed trade setups. Need to be more disciplined at trading (it's a job, after all). Then again, I said the same thing awhile back. Maybe consider changing the title of this blog to "Distracted Trader"?

E-mini S&P 500 Futures chart for Wednesday 4/23/14
ES chart 4/23/14

Tuesday, April 22, 2014

ES 4/22/14 +2.50

Today was almost like...

watching paint dry 4/22/14
watching paint dry

Did 4 trades, but only 1 of which was a clean winner.

E-mini S&P 500 Futures chart for Tuesday 4/22/14
ES chart 4/22/14

BTW, here's my desktop replacement.

Lenovo IdeaPad Z710 laptop notebook
laptop

Thursday, April 17, 2014

ES 4/17/14 +3.50

Happens quite often, but not sure why I tend to trade against the general market direction. Was an uptrend day today, but all 3 of my trades were countertrend (shorts). I was not filled on the long setup that I liked. Would've been a very good winner, had I gotten in with a runner, though.

E-mini S&P 500 Futures chart for Thursday 4/17/14
ES chart 4/17/14

Wednesday, April 16, 2014

ES 4/16/14 +2.50

Ending the day, as Fed Chair Yellen is due to speak (12:15 PM). Not sure if this is of any significance, but not taking any more chances/trades.

E-mini S&P 500 Futures chart for Wednesday 4/16/14
ES chart 4/16/14

Tuesday, April 15, 2014

ES 4/15/14 +3.75

Just gonna trade the morning session only today. Will be heading out to the airport soon.

E-mini S&P 500 Futures chart for Tuesday 4/15/14
ES chart 4/15/14

Monday, April 14, 2014

ES 4/14/14 +4.25

Only traded the afternoon session. Worked all morning to finish my taxes before the 4/15 deadline. Anyway, I was actually in a trade where my runner was not stopped out. Managed to get my 2nd target of 3 points. 

E-mini S&P 500 Futures chart for Monday 4/14/14
ES chart 4/14/14

Friday, April 11, 2014

ES 4/11/14 +2.50

Was tinkering around with the SPY yesterday and the entire afternoon today. Looking to start trading this ETF using 100 shares.

E-mini S&P 500 Futures chart for Friday 4/11/14
ES chart 4/11/14

Wednesday, April 9, 2014

ES 4/9/14 +4.00

Did the first 2 trades using runners (2 contracts). Didn't catch any, as usual. Went back to trading singles for the last 3 trades.

E-mini S&P 500 Futures chart for Wednesday 4/9/14
ES chart 4/9/14

Tuesday, April 8, 2014

ES 4/8/14 +1.00

Misread a couple of trade setups - took a full 2 pt stop on one of them. That was a pretty rough blow. Anyway, gonna try trading with a runner (2 contracts) again tomorrow. Did it a few times in the past, but didn't have much luck. Majority of the time, prices would go in my trade direction, after stopping out my runner.

E-mini S&P 500 Futures chart for Tuesday 4/8/14
ES chart 4/8/14

Monday, April 7, 2014

ES 4/7/14 +2.50

Same shit, different shoe. I saw 15 setups today and took only 4. 2 of the 4 weren't even that good - one was a loss and the other came within a hair's breadth of being stopped out for a full 2 pt. The skipped ones, on the other hand, were almost all stress-free and relatively easy winners. Going forward, I need to trade like a Vulcan - no emotions involved, only logic. Easier said than done, though.

E-mini S&P 500 Futures chart for Monday 4/7/14
ES chart 4/7/14

Friday, April 4, 2014

ES 4/4/14 +2.25

Dag...my old nemesis hesitation caused me to miss a lot of entries (about 6 to 8). Could have had a 10+ point day. Could have, should have, but didn't.

E-mini S&P 500 Futures chart for Friday 4/4/14
ES chart 4/4/14

Thursday, April 3, 2014

ES 4/3/14 +3.50

Finally got my replacement laptop for my failing desktop this Tuesday 4/1! Ordered it online on 3/11 direct from the manufacturer. Scheduled delivery was 3/17. When that date approached near, delivery was pushed back to 3/27. When that date approached near, delivery was pushed back again to 3/31. Then to 4/3! Frack that! Have had enough of the delays. Cancelled my order and walked over to my local Staples to buy one, instead.

E-mini S&P 500 Futures chart for Thursday 4/3/14
ES chart 4/3/14