Trades on ES for Mon, 22-Dec-2008

My goal is $500 for the day. Today I grossed $700.

Total Trades = 1 (2 hrs. 48 min. from 11:35 am to 2:23 pm EST)
Contracts Used at 1 Time = 2 ($500 margin/contract)
# Profitable Trades = 1 (100%)
# Costing Trades = 0 (0%)
Range of Profitable Trades = $700
Range of Costing Trades = $0

Total Profits = $700
Total Costs = $0
Commissions = $7.98
Net = -$692.02 (69.2% ROI of capital used)

Things I Did Correct:

1. Verbalized trade.

2. Set my stops.

3. Allowed the trade to work.

4. Did not overtrade.

5. Stopped trading when goal was reached.

6. Planned my trade. Traded my plan.

7. Recognized I was still pretty tired and decided to keep number of trades down.

8. Recognized my kids were home, so focus was minimal. Did not keep trading, though, I felt inclined to.

9. Knew where I was. Location, location, location.

10. Focused on what I could do at the moment.

Things To Improve On:

1. Get to bed earlier.

2. Eat healthier foods during this holiday time.

3. Over committing my schedule can be quite bad for trading as it increases stress.
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