|
Gross: |
$ 235.00 |
|
|
Fees: |
$ (14.40) |
|
|
Net: |
$ 220.60 |
|
|
Contracts: |
6 |
|
Short day today coupled with high patience = low volume for me today. I did very well on six contracts though, can’t complain about keeping fees down. I am trying very hard to wait for the markets to very clearly be out of balance before entering; and when I enter, there has to be clear indication that the market will correct back to the VWAP for me to enter.
|
Gross: |
$ 700.00 |
|
Fees: |
$ (38.40) |
|
Net: |
$ 661.60 |
|
Contracts: |
16 |
So today I played with longer term trading again (5 minute time frame) and was more successful. As you can see most of my profits were made off a single swing on the ES with three contracts. I am playing with Button Trader to learn how to use trailing stops as my end condition, as I feel my large swings could be even more profitable if I let them ride. I need to determine how to differentiate a swing day from a trend day before I could take this strategy live.
|
Gross: |
$ (30.00) |
|
|
Fees: |
$ (115.20) |
|
|
Net: |
$ (145.20) |
|
|
Contracts: |
48 |
|
So today I learned a big lesson in catching longer swings. I have been trying to scalp a couple of ticks here and there, and started out doing ok on this, but lately have been doing terribly. Today, midway through my trading, I noticed again that the VWAP and the prices tend to converge, so when I noticed that the ER2 was well above the vwap, and began a decent, I shorted two contracts and made $640 on a single trade. This almost dug me out of my hole from the morning. See my equity chart for what I mean. I will be writing a program to track the ER2 premium, and see if this triggers any buy/sell programs.
|
Gross: |
$ (0.00) |
|
|
Fees: |
$ (0.00) |
|
|
Net: |
$ (0.00) |
|
|
Contracts: |
0 |
|
No time to trade today, had to run to work early, here is a screen shot though – the markets were insane today – would have liked to try my hand at it.
|
Gross: |
$ (700.00) |
|
|
Fees: |
$ (120.00) |
|
|
Net: |
$ (820.00) |
|
|
Contracts: |
50 |
|
So today is another day I am glad to be a paper trader. I kept calling bottoms and tops prematurely. The noise on the ER2 is very large for the scalping strategies I am deploying. I may be better off on the ES, and deploying a higher frequency tick signal, as the S&P is heavily dependent on the top volume stocks.
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