June 8th, 2017 - S&P 500 e-Mini - Trading Activity - Today's Real Money Profit $290, Sim Trade Profit $494
Opening Comments
A small rally in the market out of the open.
We have been going sideways for a couple of days.
Have strong support @ the 2427 level.
But, a bunch of stops were probably taken out yesterday.
So, if we re-test this support we may have a different outcome.
Quite a tumultuous day in the Sim Trading.
Learned a few lessons.
Real Money Trading S&P 500 e-Mini
Had a buy signal on the 10,000 tick at 0:45.
We have no statistical data on long trades at this time of day so passed on the trade.
Market pulls back, forms a higher short term low then rallies into a buy signal. 5:51- Took 1 long @ 2436.25. Target @ 2437.25
No follow through on trade. 2,000 tick declined into 2 consecutive sell signals. 6:58 - Took 3 short @ 2434.50. 1 to cover the long and 2 for recovery. Target @ 2433.25.
Target hit, we are flat with $30 profit.
Now we are looking for the setup into the Open Trade.
Coming into the open everything was indicating a long trade.
I placed a buy order @ 2433.50 and was filled @ 8:28.
Target @ 2434.50.
Target hit, we are flat with $125 profit.
2,000 tick give a long signal off a break from short consolidation. 8:45 - Took 1 long @ 2435.50
Target @ 2436.50.
Market immediately did a head spin and reversed. 2,000 tick gave us 2 consecutive sell signals. Flipped trade. Took 5 short @ 2433.25.. 1 to cover the long and 4 for recovery. Target @ 2432.25.
Target hit, we are flat with $200 profit.
Profit expectation exceeded for the day.
Switch to Sim account.
Simulation Trading LW Best TDOM Bonds
We exited the last TDOM trade on the 7th for a small profit.
Then re-entered the same day taking 1 short on the open @ 155.00
Stop @ 156.6250.
First exit day is 9/6/17
This morning we are in profit.
Still in profit near the end of the day.
We will take it out closer to the close or on the open of the next session.
Simulation Trading S&P 500 e-Mini
A small rally in the market out of the open.
We have been going sideways for a couple of days.
Have strong support @ the 2427 level.
But, a bunch of stops were probably taken out yesterday.
So, if we re-test this support we may have a different outcome.
Quite a tumultuous day in the Sim Trading.
Learned a few lessons.
Real Money Trading S&P 500 e-Mini
Had a buy signal on the 10,000 tick at 0:45.
We have no statistical data on long trades at this time of day so passed on the trade.
Market pulls back, forms a higher short term low then rallies into a buy signal. 5:51- Took 1 long @ 2436.25. Target @ 2437.25
No follow through on trade. 2,000 tick declined into 2 consecutive sell signals. 6:58 - Took 3 short @ 2434.50. 1 to cover the long and 2 for recovery. Target @ 2433.25.
Target hit, we are flat with $30 profit.
Now we are looking for the setup into the Open Trade.
Coming into the open everything was indicating a long trade.
I placed a buy order @ 2433.50 and was filled @ 8:28.
Target @ 2434.50.
Target hit, we are flat with $125 profit.
2,000 tick give a long signal off a break from short consolidation. 8:45 - Took 1 long @ 2435.50
Target @ 2436.50.
Market immediately did a head spin and reversed. 2,000 tick gave us 2 consecutive sell signals. Flipped trade. Took 5 short @ 2433.25.. 1 to cover the long and 4 for recovery. Target @ 2432.25.
Target hit, we are flat with $200 profit.
Profit expectation exceeded for the day.
Switch to Sim account.
Simulation Trading LW Best TDOM Bonds
Then re-entered the same day taking 1 short on the open @ 155.00
Stop @ 156.6250.
First exit day is 9/6/17
This morning we are in profit.
Still in profit near the end of the day.
We will take it out closer to the close or on the open of the next session.
Simulation Trading S&P 500 e-Mini
The market sold off rapidly, found support and rallied into 2 consecutive buy signals on the 2,000 tick chart. 9:00 took 2 long @ 2431.75. Target @ 2432.75.
Target hit, we are flat and this is where I realized I had not switched to the Simulation account.
Profit of $290 in the Real Account, is good when a mistake works in your favour.
And now we switch to the Sim Account.
2,000 tick consolidated for a couple of bars then broke higher into a buy signal. 9:07 took 2 long @ 2433.25. Target @ 2434.25.
No follow through. The 2,000 tick formed a lower short term high and decline into a sell signal. Flipped trade. 9:11 - Took 7 short @ 2431.50. 2 to cover the longs and 5 for recovery. Target @ 2430.50.
No follow through. The 2,000 tick rallies off of a higher short term low into a buy signal. Flipped trade. 9:18 - Took 18 long @ 2433.25. 5 to cover the shorts and 13 for recovery. Target @ 2434.25.
Again no follow through. the 2,000 tick comes up short making a double test then declines into a sell signal. Flipped trade. 9:21 - Took 62 short @ 2430.00 13 to cover the longs and 49 for recovery. Target 2429.00.
Miscalculated one of the flips did not take enough contracts, ended up down $440 after this.
This is the kind of thing I cannot handle with the account size and margin I have available.
49 contracts takes $245,000 for the margin and you need some cushion if the market goes against you so you don't get a margin call.
So, then I did something real stupid. The market was consolidating and moving in a 2 point range, so I took 10 short at the top of the range hoping to get my losses back, but off course the market rallied from here.
Market rallies, 2,000 tick gives us 2 consecutive buy signals. Took 24 long @ 2431.00. Target @ 2432.00.
Target hit, we are flat. But I did not take enough contracts again and now am $798 in the hole.
Time to get the head on straight and sort this mess out.
2,000 tick rallies out of a higher short term low into a buy signal. 9:48 - Took 2 long @ 2431.25. Target @ 2432.25.
Target hit, we are down $703.
2,000 tick pulls back, forms a higher short term low then rallies into a buy signal. 10:02 - Took 2 long @ 2432.25. Target 2433.00.
Target hit, we are flat and down $632,
A small pullback and the 2,000 tick rallies off a higher short term low into a buy signal. Took 2 long @ 2434.25. Target @ 2435.25.
No follow through. 2,000 tick declined into 2 consecutive sell signals. 10:30 took 8 short @ 2432.25. 2 to cover the longs and 6 for recovery. Target @ 2431.25.
No follow through. Market rallied into a buy signal on the 2,000 tick chart. 11:00 - Took 18 long @ 2434.25. 6 to cover the shorts and 12 for recovery. Target @ 2435.50.
Target hit, we are flat and down $730.
Not paying enough attention to my numbers today.
11:23 10,000 tick give us a buy signal. Took 5 long @ 2438.00. Target @ 2438.75
No follow through. 2,000 tick gives 2 consecutive sell signals. 11:30 - Flip trade, took 17 short @ 2436.75. 5 to cover the longs and 12 for recovery.
Target hit, we are flat and down $484.
2,000 tick rallies off a higher short term low into a buy signal. 12:00 - Took 5 long @ 2437.25. Target @ 2438.25.
No follow through. 2,000 tick rallied, then declined off a lower short term high into a sell signal. 12:14 - Flipped trade. Took 16 short @ 1435.50. 5 to cover the longs and 11 for recovery. Target @ 2434.50.
Target hit, we are flat and down $410.
Market rallies, 2,000 tick gives 2 consecutive buy signals. 12:42 - Took 5 long @ 2434.00. Target 2435.00.
Target hit, we are flat and down $172.
Market rallied into the trend-line, then the 2,000 tick declined off a lower short term high into a sell signal. 13:04 took 5 short @ 2434.75. Target 2433.75.
Target hit, we are flat with a profit of $66.
2,000 tick consolidates then breaks lower below the previous short term low and gives us a sell signal. 13:22 - Took 5 short @ 2431.75. Target @ 2430.75.
Target hit, we are flat with $304 profit.
2,000 tick rallies, then declines of a lower short term high into a sell signal. 13:45 - Took 2 short @ 2430.00. Target @ 2429.00.
Target hit, we are flat with $399 profit.
2,000 tick rallies into 2 consecutive buy signals. 14:05 - Took 2 long @ 2430.00. Target @ 2431.00.
Target hit, we are flat with$494 profit.
We will call it a wrap for the day.
Target hit, we are flat and this is where I realized I had not switched to the Simulation account.
Profit of $290 in the Real Account, is good when a mistake works in your favour.
And now we switch to the Sim Account.
2,000 tick consolidated for a couple of bars then broke higher into a buy signal. 9:07 took 2 long @ 2433.25. Target @ 2434.25.
No follow through. The 2,000 tick formed a lower short term high and decline into a sell signal. Flipped trade. 9:11 - Took 7 short @ 2431.50. 2 to cover the longs and 5 for recovery. Target @ 2430.50.
No follow through. The 2,000 tick rallies off of a higher short term low into a buy signal. Flipped trade. 9:18 - Took 18 long @ 2433.25. 5 to cover the shorts and 13 for recovery. Target @ 2434.25.
Again no follow through. the 2,000 tick comes up short making a double test then declines into a sell signal. Flipped trade. 9:21 - Took 62 short @ 2430.00 13 to cover the longs and 49 for recovery. Target 2429.00.
Miscalculated one of the flips did not take enough contracts, ended up down $440 after this.
This is the kind of thing I cannot handle with the account size and margin I have available.
49 contracts takes $245,000 for the margin and you need some cushion if the market goes against you so you don't get a margin call.
So, then I did something real stupid. The market was consolidating and moving in a 2 point range, so I took 10 short at the top of the range hoping to get my losses back, but off course the market rallied from here.
Market rallies, 2,000 tick gives us 2 consecutive buy signals. Took 24 long @ 2431.00. Target @ 2432.00.
Target hit, we are flat. But I did not take enough contracts again and now am $798 in the hole.
Time to get the head on straight and sort this mess out.
2,000 tick rallies out of a higher short term low into a buy signal. 9:48 - Took 2 long @ 2431.25. Target @ 2432.25.
Target hit, we are down $703.
2,000 tick pulls back, forms a higher short term low then rallies into a buy signal. 10:02 - Took 2 long @ 2432.25. Target 2433.00.
Target hit, we are flat and down $632,
A small pullback and the 2,000 tick rallies off a higher short term low into a buy signal. Took 2 long @ 2434.25. Target @ 2435.25.
No follow through. 2,000 tick declined into 2 consecutive sell signals. 10:30 took 8 short @ 2432.25. 2 to cover the longs and 6 for recovery. Target @ 2431.25.
No follow through. Market rallied into a buy signal on the 2,000 tick chart. 11:00 - Took 18 long @ 2434.25. 6 to cover the shorts and 12 for recovery. Target @ 2435.50.
Target hit, we are flat and down $730.
Not paying enough attention to my numbers today.
11:23 10,000 tick give us a buy signal. Took 5 long @ 2438.00. Target @ 2438.75
No follow through. 2,000 tick gives 2 consecutive sell signals. 11:30 - Flip trade, took 17 short @ 2436.75. 5 to cover the longs and 12 for recovery.
Target hit, we are flat and down $484.
2,000 tick rallies off a higher short term low into a buy signal. 12:00 - Took 5 long @ 2437.25. Target @ 2438.25.
No follow through. 2,000 tick rallied, then declined off a lower short term high into a sell signal. 12:14 - Flipped trade. Took 16 short @ 1435.50. 5 to cover the longs and 11 for recovery. Target @ 2434.50.
Target hit, we are flat and down $410.
Market rallies, 2,000 tick gives 2 consecutive buy signals. 12:42 - Took 5 long @ 2434.00. Target 2435.00.
Target hit, we are flat and down $172.
Market rallied into the trend-line, then the 2,000 tick declined off a lower short term high into a sell signal. 13:04 took 5 short @ 2434.75. Target 2433.75.
Target hit, we are flat with a profit of $66.
2,000 tick consolidates then breaks lower below the previous short term low and gives us a sell signal. 13:22 - Took 5 short @ 2431.75. Target @ 2430.75.
Target hit, we are flat with $304 profit.
2,000 tick rallies, then declines of a lower short term high into a sell signal. 13:45 - Took 2 short @ 2430.00. Target @ 2429.00.
Target hit, we are flat with $399 profit.
2,000 tick rallies into 2 consecutive buy signals. 14:05 - Took 2 long @ 2430.00. Target @ 2431.00.
Target hit, we are flat with$494 profit.
We will call it a wrap for the day.
Daily Summary & Charts
A pretty ugly day when looking at the performance summary and equity charts.
Largely my own doing, made a number of basic order management mistakes today.
Lesson learned.
A pretty ugly day when looking at the performance summary and equity charts.
Largely my own doing, made a number of basic order management mistakes today.
Lesson learned.
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