Thursday, May 10, 2007

May 10 update $2,638




Messy afternoon trading, but in the end I came out ahead, should have shorted ER2 instead of YM on the bounce at 8:45, I shouldn't have looked at my P/L in the morning, because I started thinking preservation,,,, I should have been using more size on the bounce.
Trade log 1


Trade log 2


Well, I skipped lunch, because it's not that often you get days like this. I don't like trading the last 30min because it can be real choppy. I went short because of the heavy volume hitting NYSE TICK lows and scaled out a little too soon. It looks like a whole bunch of people that shorted at the close (probably retail traders) got a bad whiplash in the after hours which resulted in huge short covering.

I'll do some analysis later, my brains gotta rest.

4 comments:

TMK500 said...

Your progress and returns are an inspiration ... now, get back to work ;)

High Probability Trader on 9:31 PM said...

Thanks, There is still a lot of room for improvement though. I should have doubled my P/L today if I kept the trader mindset.

OBAT on 3:43 AM said...

This is indeed High Probability Trading. Very nice consistency and increasing gains.

High Probability Trader on 5:18 AM said...

thanks OBAT, my # 1 goal is consistency and trading the correct position size for my account.

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