Friday, February 26, 2010
Hello fellow traders. After just three trades total for this week (Monday - Thursday), today was a real doozie. We had four scheduled trades today. I traded all four trades. Whew. The real problem was that three of them were within 15 minutes of eachother.
The P&L that shows on each image above shows the consecutive, or daily total P&L, less commissions.
I lost the first trade after it went against me for several minutes. After it got close to my entry, I actually put in a new stop loss at 0.5 point loss, which it hit. Of course, it then turned about five minutes later and went past where I had a 0.5 point profit. Oh well. On to another trade.
The next three trades I won pretty quickly. I got 1.5 and 2.5 points on the second trade (two profit targets), 0.5 point on the third trade, and 1.0 point on the fourth and final trade. For the day I was up 2.75 points.
Now on to my weekly statistics. I did seven trades, won six, and was up exactly 9.0 points total. I have been trading 10 contracts this week on every trade, which on the S&P Mini is equal to $5000 that I had in the market. As a result, I pulled a gross of $4500 EXTRA this week!
Even with a loss today, this has been an amazing week of trades, and I'm looking forward to doing it all over again next week.
Be sure to let me know if you have any questions.
For now, have a great weekend.
Kevin
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