Trades on ES for Mon, 1-Dec-2008

My goal is $600 for the day. Today I grossed $875.

Total Trades = 10 (1 hr, 20 min. from 9:25 am to 9:51 am EST, 10:19 am to 11:06 am EST, and 1:25 pm to 1:51 pm EST)
Contracts Used at 1 Time = 1 ($500 margin/contract)
# Profitable Trades = 8 (80%)
# Costing Trades = 2 (20%)
Range of Profitable Trades = $62.50 to $175
Range of Costing Trades = $62.50 to $100

Total Profits = $875
Total Costs = $162.50
Commissions = $39.99
Net = $672.51 (134.5% ROI of capital used)

Things I Did Well for Today:

1. Verbalized trades, even though it was a whisper.

2. Remained calm.

3. Traded my plan.

4. Stopped trading when I thought I reached my goal for the day.

5. Took profits.

6. Saw trading from the big picture as well as the smaller timeframes (used 1, 3, 15, and 60 min. timeframes).

For Further Improvements:

1. I set to take profits sometimes too soon, rather than just waiting.

2. There were better times for me to get in, like at the retracements rather than the breakout. This led to decreased profits, but greater confirmation of the move.

3. One of the costs was because I forgot to take the full order off the table when that position closed, so the reverse happened and I wasn't paying attention, so that one cost me $100.
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