Monday, January 28, 2008

Jan 28 $602 on 42c final




I came back and traded the last hour and a half and doubled my morning P/L. I messed up by not holding an NQ short trade because I put my trailing stop too close. I got 2 good long scalp trades on ER2 in the last 30min but missed the big pop when C and BAC popped around 3:30pm.

P/L= $602 on 42c

Overall, financials led the way up and tech was the weak sector throughout most of the day, which is why I favored short setups on NQ and long setups on YM and ER2.

ES


ZN


Sector correlation

7 comments:

West Coast Trader on 2:39 PM said...

Do your rules include trading in the afternoon or not trading in the afternoon? I thought you were done for the day because the afternoon was going to grind down the profits you had in the morning. Rules, rules, rules - what are they. Seem that they are vague or under certain circumstances do not apply to you. I know, I know - fuck me. But I ain't saying it to bust your balls. A little slip of the rules today will lead to a blow up in the future because you are undermining the things that keep you disciplined. I know, I did it many, many times. Lock in those rules and get the fuck away in the afternoon if that is your rule.

HPT on 2:44 PM said...

My rules are to stay out of chop and only trade when volume/volatility is around, which is the first 2.5hrs and the last 2hrs. I'm least profitable between 12-2pm EST, so I didn't trade during that time today and had a decent day.

Richie on 8:01 PM said...

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http://hedgeagainstspeculation.blogspot.com/

www.ShareTipsInfo.com Team on 8:19 PM said...

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Tom on 12:53 AM said...

$600 smooth profit man, nice work.

lonelytrader on 4:19 PM said...

I'm gonna flame sharetipsinfo...

lonelytrader on 4:29 PM said...

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