Day Trading Results 12/3/09
We opened up with pretty good market action the first hour of the trading day. That’s the time I like to trade! Make my money and get out of there! We had a great NSE just out of the open. It was coming out of my NO NSE ZONE – so it’s a strong probability trade! I got in it – made 4 ticks, moved my stop loss up and I didn’t get filled on profit!! It ended up breaking even. Trades coming out of No Zone, again are strong trades. Some students ran a trailing stop and caught 2 – 4 points on that trade! Kudos to you!
I then had a pullback trade that I was not filled on; another missed winner! Sure seems that I’ve been missing some great trades the past week! Well that’s life.
I ended up with 9 emini trades again today (ES). I also traded the Dow Eminis as well. The dow eminis move a lot slower than the S&P so they are ideal for traders that don’t mind sitting around waiting on trades. I am typically on the phone doing one on one calls with my students so I like trading the dow minis as I am always at the office!
On to my trading results today:
You already know I missed the first 2 one and done trades. Here’s the trades I had:
-3, -6, +4, -4, +4, +4, +4, +4 – I stopped and did the math, calculated commissions and realized I needed a little more so I took one quick NSE for 2 ticks – now that NSE was coming out of No Zone – so I really could have held out for more, and the trade delivered! But I was happy making my profit and being done by lunch time!
So I traded about 2 ½ hours – a bit longer than usual. After commissions on the ES I am up $72 per contract.
On my Dow Minis I did one trade for 20 ticks (no reason to keep going, right?)
I did one more for -16 ticks – still up 4 ticks, but since I was around I took one more:
3rd dow trade for + 25 ticks – This was the move down towards the end of the day – and I left a little money on the table on this trade as the dow really took a nose dive.
So for the dow – 3 trades after commissions I am up $ 131.50 add that to my ES of $ 72 and I am up $203.50 after commissions.
Folks, day trading for income is the way to go! Even a small trader using 1 contract made $203.50 trading my ES and YM strategies.
Well that’s enough for today. We hope you had an awesome day too! If you are interested in learning more about our online trading course, send us an email or call us!
Here’s a chart of the dow today:
Cheers!
ETS
