Trades on ES for Mon, 19-Jan-2009

My goal is $300 for the day. Today I grossed -$137.50

Total Trades = 8 (2 hrs from 9:30 am to 11:26 am EST)
Max Contracts Used at 1 Time = 1 ($500 margin/contract)
# Profitable Trades = 3 (38%)
# Costing Trades = 5 (63%)
Range of Profitable Trades = $25 to $150 (was trading in 1 contract positions)
Range of Costing Trades = $37.50

Total Profits = $400
Total Costs = $537.50
Commissions = $31.92
Net = -$169.42 (-33.9% ROI of capital used)

Things I Did Correctly:

1. Had a trading plan.

2. Verbalized some of trades.

3. Once I gave back all my profits, stopped trading. Live to trade another day.

Areas to Improve:

1. Was very distracted with my children being home from school due to MLK holiday.

2. Got angry at my kids and was reactive rather than responsive.

3. Chasing trades.

4. Did not follow my trading plan once I began having costing trades.

5. Took more costs than I intended.

6. Physically sitting incorrectly (usually sit on one leg crossed. This cuts off circulation and doesn't allow my energy to flow properly).

7. Forgot to turn on classical music.
0 Responses

Amazon Store