Trades on ES for Wed, 7-Jan-2009

My goal is $500 for the day. Today I grossed $775.

Total Trades = 11 (7.2 hrs intermittent from 5:33 pm to 7:55 pm and 9:09 pm to 10:50 pm EST on 6-Jan-2009; 9:01 am to 9:20 am EST; 10:31 am to 10:47 am EST; 12:01 pm to 2:35 pm EST)
Max Contracts Used at 1 Time = 5 ($500 margin/contract)
# Profitable Trades = 8 (73%)
# Costing Trades = 3 (27%)
Range of Profitable Trades = $50 to $312.50 (was trading in 1 contract positions)
Range of Costing Trades = $12.50 to 150.00

Total Profits = $1037.50
Total Costs = $262.50
Commissions = $43.89
Net = $731.11 (29.2% ROI of capital used)

Things I Did Correctly:
1. Verbalized trades

2. Patient. Did not panick.

3. Set my stops (costs and profits) in place appropriately.

4. Knew where I was - location; S/R, pivots, and moving averages.

5. Waited for a good entry.

6. Planned my trade. Traded my plan.

7. Focused.

8. Got enough sleep last night.

9. Peaceful time getting the kids ready for school.

10. Small position size. Only 1 contract at a time, legging into and out of trades.

Improvement Areas:

1. Could stand to be even more focused as I was multi-tasking.

2. Did not attend to my trades 100% of the time, but I did have my stops in place.

3. Traded beyond the $500 goal.

4. Need to verbalize trades more in detail and perhaps louder.
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