Trades on ES for Tues, 30-Dec-2008

My goal is $700 for the day. Today I grossed $937.50.

Total Trades = 10 (2 hrs 27 min. from 11:18 am to 1:39 pm EST, 3:06 pm to 3:13 pm EST)
Contracts Used at 1 Time = 6 ($500 margin/contract)
# Profitable Trades = 9 (90%)
# Costing Trades = 1 (10%)
Range of Profitable Trades = $50 to $500
Range of Costing Trades = $437.50

Total Profits = $1375.00
Total Costs = $437.50
Commissions = $95.76
Net = $841.74 (28.1% ROI of capital used)

Things I Did Correctly:

1. Was patient to wait for the setup of trades.

2. Stopped trading once my goal was met.

3. Verbalized my trades (whispered).

4. Planned my trade, traded my plan.

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

6. Did not fear, but kept focused on each trade independently.

7. Was unemotional. Would not allow myself to be baited into controversial things.

Things To Improve On:

1. Was not super focused.

2. Kids all over the house, fighting, very distracting.

3. Talking to my dad, so was very distracted.

4. Could verbalize louder.

5. Exceeded my original $300 net cost at any given point in time. My first trade was -$437.50.

6. Did not get out of my only costing trade when it originally broke against me. So, got out too late.

7. Did not stop trading even after I reached my goals. Wanted to make a few extra bucks and did.
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