Trades on ES for Tues, 16-Dec-2008

My goal is $500 for the day. Today I grossed -$1412.50.

Total Trades = 2 (10:25 am EST to 10:40 am EST, 10:49 am to 2:21 pm EST)
Contracts Used at 1 Time = 2 ($500 margin/contract)
# Profitable Trades = 0 (0%)
# Costing Trades = 2 (100%)
Range of Profitable Trades = $0
Range of Costing Trades = $287.50 to $1125

Total Profits = $0
Total Costs = $1412.50
Commissions = $15.96
Net = -$1428.46 (-142.8% ROI of capital used)

Things I Did Correct:

1. Kept my word to trade daily no matter how I feel or what is going on.

2. Set my stops.

Improvement Areas:

1. Only got 3 hours of sleep last night. It was not because of the kids or anything. I was just wired and had a challenging time falling asleep and then awoke wide awake way too early. I was feeling so out of it.

2. Emotionally not real well focused and need to focus before trading. Yesterday is proof of what can happen if I really focused and keep my opinion out of things, and of course, God empowering me to see what I need to see.

3. Did not get centered before trading.

4. Did not verbalize trades.

5. Did not trade my trading plan.

6. Did not carefully plan my entry & exit.

7. Set too many stops and got filled for a position I didn't mean to get filled.
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