New Trader ES trades/"Live" calls

This is a discussion on New Trader ES trades/"Live" calls within the Trading Journals forums, part of the Reception category; ESU 7 short @1535.25 stop @1536.25 Exit 1534.75...

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Old Jul 3, 2007, 4:05pm   #73
 
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new_trader started this thread ESU 7

short @1535.25
stop @1536.25
Exit 1534.75
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Old Jul 3, 2007, 4:07pm   #74
 
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Originally Posted by new_trader View Post
ESU 7

short @1535.25
stop @1536.25
Exit 1534.75
Profit 0.5 points

Market seems to be moving down further. See how it would have been if I held on to the trade. That's what I need to practise.
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Old Jul 3, 2007, 7:29pm   #75
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Profit 0.5 points

Market seems to be moving down further. See how it would have been if I held on to the trade. That's what I need to practise.
hi new trader nice to see your making points.
imo your profit of .5 is misleading to yourself . as com will take up approx .25 of that.
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Old Jul 3, 2007, 7:57pm   #76
 
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hi new trader nice to see your making points.
imo your profit of .5 is misleading to yourself . as com will take up approx .25 of that.
Hi dcarrigan,

I understand what you are saying but want to develop my confidence through genuine trading experience. I will hold trades longer when I become more proficient. However, commission isn't 0.25 points. I trade through a direct access broker and they charge $5.80 R/T. So I make $19.20 out of 0.5 points. Nothing to get excited about it is only 1 contract. If I traded 2000 contracts...imagine...
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Old Jul 5, 2007, 3:21pm   #77
 
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new_trader started this thread long @ 1536.75 at 15:10:36
stop hit @ 1535.50 at 15:11:00

-1.25 points
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Last edited by new_trader; Jul 5, 2007 at 3:31pm.
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Old Jul 5, 2007, 4:00pm   #78
 
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new_trader started this thread Not a good day

short 1533.25
Stop hit 1535.00

-1.75 points
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Old Jul 5, 2007, 4:13pm   #79
 
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new_trader started this thread I NEED MORE PATIENCE.

My direction sensing is improving but I am entering too early. If only I could enter where my stops are....
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