LIVE real money S&P500 daily mechanical trading

This is a discussion on LIVE real money S&P500 daily mechanical trading within the Trading Journals forums, part of the Reception category; Morning update: -£12.10 loss realised @ 1am and trade opening price automatically adjusted to 1297.0. Currently showing additional loss of ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Jan 13, 2012, 7:10am   #46
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: LIVE real money S&P500 daily mechanical trading

ordinaryguy76 started this thread Morning update: -£12.10 loss realised @ 1am and trade opening price automatically adjusted to 1297.0. Currently showing additional loss of -£4.18.

Account balance shows £607.25.
If the balance falls under £600, I will reduce stake back to £2.00.

Need to think at what time I should close my trade on Monday, as trading hours will probably be limited somehow (no message from finspreads yet).
ordinaryguy76 is offline   Reply With Quote
Old Jan 13, 2012, 3:12pm   #47
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: LIVE real money S&P500 daily mechanical trading

ordinaryguy76 started this thread good profit now, don't want to waste it completely.
SL moved to 1295.0 (around b/e), opposite trade cancelled.
ordinaryguy76 is offline   Reply With Quote
Old Jan 13, 2012, 3:15pm   #48
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: LIVE real money S&P500 daily mechanical trading

ordinaryguy76 started this thread 9 pm trade looks like UP at the moment - I'm 70-80% sure. Can be wishful thinking ?
ordinaryguy76 is offline   Reply With Quote
Old Jan 13, 2012, 5:49pm   #49
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: LIVE real money S&P500 daily mechanical trading

ordinaryguy76 started this thread very tempted to close this trade now, but I will just move SL to 1289.0. There is only 3 hours left and I can't see it going up that strongly.... I hope
ordinaryguy76 is offline   Reply With Quote
Old Jan 13, 2012, 8:33pm   #50
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: LIVE real money S&P500 daily mechanical trading

ordinaryguy76 started this thread ok, my SL was hit, I hope that S&P will not drop much now - it would be a waste.
Trade closed for +£17.60

Account balance: £624.85

I'm still thinking that 9 pm trade will be UP.
ordinaryguy76 is offline   Reply With Quote
Old Jan 13, 2012, 9:06pm   #51
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: LIVE real money S&P500 daily mechanical trading

ordinaryguy76 started this thread Opened a new trade @ 9 pm:

Buy £2.2 S&P500 @ 1291.1, SL 1276.1

Now, this trade is a bit riskier than usual because of 16/01/2012 holiday and within my system this trade needs to last until Tuesday 9 pm, but I've decided to give it a go.
No opposite trade for the time being - will see on Monday whether SL was hit etc.

Week 2: 3 winners, 2 losers.
4 winners, 5 losers to date.

Have a nice weekend everyone !
Attached Thumbnails
finspreads2.jpg  
ordinaryguy76 is offline   Reply With Quote
Old Jan 13, 2012, 9:09pm   #52
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: LIVE real money S&P500 daily mechanical trading

ordinaryguy76 started this thread Note no 1: opposite trades are NOT the absolute requirement, but they tend to reduce losses.

Note no 2: stop losses are NOT the absolute requirement either, but they DO reduce losses.
ordinaryguy76 is offline   Reply With Quote
Old Jan 15, 2012, 6:59pm   #53
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: LIVE real money S&P500 daily mechanical trading

ordinaryguy76 started this thread Finspreads realised £7.26 profit from my trade today and amended opening price to 1294.4. Currently showing -£2.20.
ordinaryguy76 is offline   Reply With Quote
Old Jan 16, 2012, 12:16pm   #54
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: LIVE real money S&P500 daily mechanical trading

ordinaryguy76 started this thread trade showing around -£6 at the mo (i.e. practically b/e taking into account profit realised over weekend)

Sometimes I catch myself looking at the chart, fretting about price movement against me, frantically looking for support / resistance, pivots, daily / weekly highs, lows etc. only to realise 5 minutes later that all of these things DO NOT MATTER at all for this system. They won't make me change my stop loss or open or close any trade.
All of the following are set upfront: direction, stake, stop loss size, time of entry / exit. The only unknown is the entry price, but I just take what's available at 9 pm.

Boring ? Yes !
Relaxed ? Absolutely !
ordinaryguy76 is offline   Reply With Quote
Old Jan 16, 2012, 3:18pm   #55
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: LIVE real money S&P500 daily mechanical trading

ordinaryguy76 started this thread Pretty flat day, my trade shows a bit of a profit.
I've added the opposite trade now:
Sell order £2.2 S&P500 @ 1275.1 SL 1290.1
ordinaryguy76 is offline   Reply With Quote
Old Jan 16, 2012, 10:13pm   #56
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: LIVE real money S&P500 daily mechanical trading

ordinaryguy76 started this thread as stated before, trade still open, will try to keep until tomorrow 9 pm. Currently showing +£3.74 (that's on top of the £7.26).

Being hit with financing charges in the meantime (3 x £0.18).

Account balance: £631.57
ordinaryguy76 is offline   Reply With Quote
Old Jan 17, 2012, 7:12am   #57
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: LIVE real money S&P500 daily mechanical trading

ordinaryguy76 started this thread Trade update.
Profit realised overnight: £8.14. Opening price amended automatically to 1298.1.
Account balance: £639.53

Trade currently showing +£12.98.
ordinaryguy76 is offline   Reply With Quote
Old Jan 17, 2012, 7:15am   #58
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: LIVE real money S&P500 daily mechanical trading

ordinaryguy76 started this thread SL changed to 1292.1 (+10 pips from original 1291.1 trade). Opposite trade now cancelled.
This is definitely another winner now.
ordinaryguy76 is offline   Reply With Quote
Old Jan 17, 2012, 10:56am   #59
Joined Jul 2010
Re: LIVE real money S&P500 daily mechanical trading

nice trading
deebee1 is offline   Reply With Quote
Old Jan 17, 2012, 8:57pm   #60
 
ordinaryguy76's Avatar
Joined Jul 2011
Re: LIVE real money S&P500 daily mechanical trading

ordinaryguy76 started this thread well, it's hardly convincing yet.

I can barely believe what happened today... S&P went down from 1307 to 1291. What a waste of pips !
Anyway, my trade was stopped out exactly @ 1292.1 for -£13.20.

Account balance: £626.33

9 pm trade looks like UP.
ordinaryguy76 is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
How to win trading & when not to trade (I have 1 month real live record so far) tommason Trading Journals 219 Mar 2, 2012 3:27am
S&P500 daily futures call oz_kano Trading Journals 5 May 31, 2011 11:54pm
Important ES Emini (S&P500) Support & Resistance (Updated daily) *ds-ds* Indices 5 Jun 3, 2009 7:40am
simulating real time in mini S&P500 freewilie First Steps 1 Feb 19, 2009 4:29pm
Link for S&P500 mini future real time frollo Futures & Options 3 Nov 6, 2008 6:59am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)