Trades on ES for Wed, 31-Dec-2008

My goal is $1200 for the day. Today I grossed $1575.00.

Total Trades = 4 (79 min. from 10:36 to 10:57 am EST and 2:04 pm to 3:03 pm EST)
Contracts Used at 1 Time = 24 ($500 margin/contract)
# Profitable Trades = 3 (75%)
# Costing Trades = 1 (25%)
Range of Profitable Trades = $75 to $1800
Range of Costing Trades = $750

Total Profits = $2325.00
Total Costs = $750.00
Commissions = $119.70
Net = $1455.30 (12.1% ROI of capital used)

Things I Did Correctly:

1. Verbalized trades (whispered)

2. Knew where I was. Location.

3. Went with the trend.

4. Let the trade work itself out.

5. Had profit & costing stops in place.

6. Patient.

7. Moved profit stops in just in case it didn't work out.

8. Planned trade, traded plan.

Areas To Improve On:

1. Took too big of a position. 24 contracts is way too many at any one time. 6 is stretching.

2. Was not at the computer when trades executed themselves to get out of trade.

3. Verbalization should be done on a normal level.

4. Need to see what is really going on before reashing entering a trade.
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