Trades on ES for Fri, 12-Dec-2008

My goal is $300 for the day. Today I grossed -$10,100.00.

Total Trades = 8 (I wasn't at my computer the whole time my trades executed)
Contracts Used at 1 Time = 6 ($500 margin/contract)
# Profitable Trades = 0 (0%)
# Costing Trades = 8 (100%)
Range of Profitable Trades = $0
Range of Costing Trades = -$100.00 to $1,987.50

Total Profits = $0
Total Costs = $10,100.00
Commissions = $31.92
Net = -$10,131.92 (-337.7% ROI of capital used)

Things I Did Well for Today:

1. Had my stops in place, though, not as appropriately set. It could've been far worse.

Improvement Points:

1. Too many positions on.

2. Mentally/emotionally really out of it.

3. Walked away from trades, though, that is okay, but stops should've be much closer.

4. Listened to trading friends in their conversations, read some news, so I THOUGHT the market would further tank. I love a bear market and the market did not tank on my bearish positions.

5. Disregarded my indicators, even though they said things looked bullish or that the bearish was at a bottom.

6. Did not verbalize trades.

7. Not focused. Very distracted. Thinking about the money.
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