Recent content by twelvespot

01-05-2005 I am writing before I begin trading today. I was really disappointed in my performance yesterday. My confidence is shot. I will have to start very small and build a base today.

01-04-05 My cycle continues. I began the trading day without being mentally prepared. I was in the hole early. I hit my loss limit after 30 minutes of trading. I am embarrassed by my lack of mental preparation. Before I began my trading day yesterday I repeatly reminded myself to be...

01-03-2005 I had a good day trading today. Started the day trading small. Did not want to start the New Year in a black hole! Thankfully I was able to ride the trend up. I had a tough time transitioning from the early trend up to the to the slow grind down. I lost almost 40% of my gains. I...

[/I] A little embarrassed to ask, but could you please walk thru using put-call parity to determine fair value of the March contract. I found the settlement prices for the DAX options on the Eurex website. Thanks

Happy New Year Does anyone have the DAX fair value equation? Or could anyone point me to a website that has this information. I have been looking everywhere. It would be helpful to know what the futures premium is for the DAX March 05 contract. If I had this info I would know when the...

12-30-2004 I think a pattern has developed! After I make money I lose my disciplined approach. The day after I lose money I begin trading with a clean slate. I do not think the market owes me a penny. I am actually happy with any profit! However, this morning after making my first trade...

12-29-2004 I began the trading day with fear because of my undisciplined trading yesterday. When I trade with fear I usually get into trades a couple of ticks late and exit trades a little early. When most of my winners are 1-4 ticks it makes it hard to make money. Thankfully I concentrated...

12-28-2004 I am disappointed in my trading today. I began the day down $400 and then after a couple of trades I was up $300. After I was up money I began to look at my p/l every couple of minutes. I did not take the five minute break after checking my p/l. After reflecting on my mental...

12-27-2004 Followed every rule I set for myself. I took a five minute break after checking my p/l. My first trade I sold for a loss and then reversed. The discipline and speed at which I reversed provided a good mental framework from which I made all of my subsequent trades. I quiet early...

2005 Trading Plan What specific Trading Strategies will I use? I will only scalp. My primary focus will be tape reading. I will use a 3 minute chart as a reference for support/resistance. Because I am a scalper I must always cut my losers quickly. How much money am I going to allocate to...

One major benefit of trading for a prop firm is the ability to quadruple your size. Lets say your a 22 year old kid who is trading for XXX prop firm and you have a good disciplined month of scalping. The prop firm might encourage you to increase your size 10 fold. An individual trader could...