Trades on ES for Fri, 19-Dec-2008

My goal is $500 for the day. Today I grossed $125.

Total Trades = 4 (24 min. - 11:02 am to 11:26 am EST)
Contracts Used at 1 Time = 3 ($500 margin/contract)
# Profitable Trades = 1 (25%)
# Costing Trades = 3 (75%)
Range of Profitable Trades = $300
Range of Costing Trades = $25 to $75

Total Profits = $300
Total Costs = $175
Commissions = $35.91
Net = $89.09 (5.9% ROI of capital used)

Things I Did Correct:

1. Got out of costing trades quickly.

2. Verbalized trades.

3. Planned my trade, traded my plan.

4. Though I did not meet my goal, I saw that my thinking was way off and just decided to stop. It felt like I would incur more costs if I kept trading.

5. Ended positively cashwise.
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