Tuesday, June 26, 2007

June 26 trade summary $2,147




Today I did good on futures, but did terrible on one stock trade which was a long on GS that I was looking to scalp. Turns out I bought the top and made the same mistake as yesterday with holding it for a big loss. I think I need to stop trading stocks or trade smaller size on the stocks I'm trading because I made the same mistake twice. The bonds and stock indices are behaving inversley to one another, and my GS buy was a perfect short because ZN had bottomed out right around when I bought it.

P/L $2,147 on 95 contracts and 2,700 shares

3 comments:

F. on 1:43 PM said...

Why waste any time on stocks? Futures are the way to go.

Maybe options on highly liquid stocks or indexes. That's what I do at least.

bh_prop on 2:19 PM said...

Thought you were going to stick to trading small size. 95 futures contracts in a day? That's alot, especially if keeping position size to 1-2 contracts per trade.

At any rate, good job this week.

High Probability Trader on 2:40 PM said...

I agree F, I've been wanting to switch to options over stocks for some swing trades, just need some time to get my option strategies down and research the stocks.

Bh- max size held today was 9c on ER2, which I cut 1pt to soon after getting a 1pt runner, should have cut half. I need to work on my position size for stocks, I'm doing alright with futures lately. Tommorow position size will be kept small for sure though on both stocks and futures.

Subscribe via email

Enter your email address:

Delivered by FeedBurner

 

High Probability Trade. Copyright 2008 All Rights Reserved Revolution Two Church theme by Brian Gardner Converted into Blogger Template by Bloganol dot com