Trades on ES for Mon, 29-Dec-2008

My goal is $700 for the day. Today I grossed $800.

Total Trades = 5 (about 23 hrs)
Contracts Used at 1 Time = 6 ($500 margin/contract)
# Profitable Trades = 4 (80%)
# Costing Trades = 1 (20%)
Range of Profitable Trades = $150 to $325
Range of Costing Trades = $12.50

Total Profits = $887.50
Total Costs = $12.50
Commissions = $27.93
Net = $847.07 (28.2% ROI of capital used)

Things I Did Correctly:

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

2. Stopped trading when I reached my goal.

3. Kept costs minimized.

4. Got out of trades when they turned against me to take profits.

Areas To Improve On:

1. Did not verbalize trades.

2. Got out on a retracement rather than wait it through to take greater profits. Got anxious to take profits.

3. Did not fully plan my trade nor trade my plan.

4. Was distracted by my children and other things.

5. Multi-tasking, which did not allow me to focus.
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