Dummy day trading #13 15-August-2006:E-Mini Nasdaq:Long trade closed
August 16, 2006 – 12:30 amThis is the last trade of the day. Long position of E-mini Nasdaq was established above 9am(chicago time) reversal down candle. Trailing stop was moved to break even after 1-R gain. Subseqently, I did not wait for 2-R gain and decided to closed the trade with 1-R profit with the same consideration as Dow mini trade. (Discipline problem again!?!)
Though I manage to close the day in black, I am not happy with my performance in term of trade execution. I was a little bit emotional after the E-mini S&P loss.
From the desk of Tradergav.com
Hi Gav,
I have just recently opened a futures account and currently using eod feed. I have decided not to go real time…ideals dun fit lah. Just wondering, when i look at the futures some contract span for months. which contract should i purchase since i would hold futures contract for about a week or two? and i realise diff contracts have diff price range e.g. mini dow for sep is different from mini dow for dec by a hundred points. Sry ah noob qn.
Hi Jest,
I will drop you an email later.
[...] More on ‘The next trade is more important’ By Gav I decided to relook again my previous posting on “Next trade is more important‘. I discussed briefly on experience of having a string of winning days. Now I am looking at the losing experience. It seems to be a common problem among traders. Well, I made the same mistake on tuesday’s trade as well. Coincidently, ugly was having the similar problem yesterday. [...]