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Well I'm going to try and keep this up
(Oooo err mrs!). I'm a Prop Trader who at the moment is deemed worthy enough to Trade the ES and the YM afternoon sessions. I'm on minimum clip size at the moment but if my mentor deems me worthy and I'm not likely to suddenly do a Nick leeson then my clips will increase and then my D**K will Swing with the best of them. Thoughout this blog there is one thing I will not divulge and that is what Firm I work for and its methods, sorry that was two things. If I do they will fire my ass for sure.
So incognito I will begin 'The Wonderful World of Prop Trading'.....let the Pain and Suffering begin.
(Oooo err mrs!). I'm a Prop Trader who at the moment is deemed worthy enough to Trade the ES and the YM afternoon sessions. I'm on minimum clip size at the moment but if my mentor deems me worthy and I'm not likely to suddenly do a Nick leeson then my clips will increase and then my D**K will Swing with the best of them. Thoughout this blog there is one thing I will not divulge and that is what Firm I work for and its methods, sorry that was two things. If I do they will fire my ass for sure.
So incognito I will begin 'The Wonderful World of Prop Trading'.....let the Pain and Suffering begin.
Wednesday 25th June
Posted 25-06-2008 at 04:31 PM by foolonthehill
Balls to the Wall......
Well it was FOMC day and into battle I went. To cut a long drawn out battle with the markets short, I basically traded myself into trouble and then traded my way out again all for a minor loss. These FOMC days are difficult. Carl (My Mentor at the firm) has agreed that the next couple of FOMC's I won't trade. For me they are not worth the risk at this moment in time and the of trading I'm best at is not suited to the large swings of volatility creating an exagerated chop.
Looking forward to tomorrow as there are no reports coming out during my afternoon session and providing there is some decent volume it should be a good day.
Here are the afternoon session trades:
ES -3.75
ES +0.25
YM -20
ES +0.5
ES -2.0
YM +31
YM +10
Roll on tomorrow.
Well it was FOMC day and into battle I went. To cut a long drawn out battle with the markets short, I basically traded myself into trouble and then traded my way out again all for a minor loss. These FOMC days are difficult. Carl (My Mentor at the firm) has agreed that the next couple of FOMC's I won't trade. For me they are not worth the risk at this moment in time and the of trading I'm best at is not suited to the large swings of volatility creating an exagerated chop.
Looking forward to tomorrow as there are no reports coming out during my afternoon session and providing there is some decent volume it should be a good day.
Here are the afternoon session trades:
ES -3.75
ES +0.25
YM -20
ES +0.5
ES -2.0
YM +31
YM +10
Roll on tomorrow.
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Recent Blog Entries by foolonthehill
- Thursday 26th June (27-06-2008)
- Wednesday 25th June (25-06-2008)
- Tuesday June 24th 2008 (24-06-2008)
- Join Date Jul 2004
- Posts 14
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