A day in the life of a real trader

SquealTrader

Member
80 2
Hi guys welcome to this thread.

I've been trading for 2 years now full time so thought i would document them in this journal and see how things go. I trade a variety of futures including equities, currencies and bonds. I will try to keep this blog as updated as best as i can.

I am normally in and out by the end of the day (6pm gmt) and I will post my strategies for the day with a short analysis as to why i favour a certain direction before i enter. I hate hindsight trading.

Hopefully this can give some of the guys here an idea as to the ups and downs of a pro trader and how often losses actually occur.

Black Dash = Entry
Red line = Stop
Green lines = Target 1 & 2.

My entry will always be a few pips before actual entry and my stop with be approx 4-6 ticks beyond the stop. I never place my actual orders on the line.

So here goes! Will post my first strat shortly
 

SquealTrader

Member
80 2
Ok currently waiting for this setup on the e-mini SP. MY entry at 1879 with stop below 1877.50. Last nights Fed minutes saw the markets respond with a little volatility before equities rallied higher. slightly weaker jobless claims numbers have come out so hoping to catch a small retrace back to this support level before riding this to the highs. if price reaches target 1 i will always move stop to scratch. i may move it before target 1. depends how my risk appetite for this trade goes
 

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Phillp01

Newbie
2 0
So you didn't got to trade your Strategy today Squealer? Well a day without a loss is a Win! Keep up the Diary very interested to see your progress.
 

SquealTrader

Member
80 2
Good morning, no fill for me on SP yesterday but am not fussed - as phil said loss of opportunity always preferable to loss of capital.

This is my euro strat for the morning. Its countertuitive as i am unbelievably bearish due to the ECB expected to cut rates to negative in Junes meeting. but this range trade looks very neat technically so might be worth a punt. Some euro data out at 9 so will wait till after the data before placing my orders on the ladder. if euro data is weak i probably will not take this trade on. Ideally i want to be short this euro but shorting the lows is never a good idea. ive already got a decent short strategy in mind which i will post later if we move off these lows.
 

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SquealTrader

Member
80 2
Glad i didn't enter long Euro before that data....

Heres my SP strat for today. we're flirting too close to the all time highs. there are going to be a lot of stop above 2000 so i expect to see this SP pop higher. So much for sell in May go away.......
 

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SquealTrader

Member
80 2
Ok as mentioned earlier glad i followed my gut and didn't take that euro long. this is a trade i feel a lot more comfortable with. going with the trend and also with my fundamental view. lets see if we get a fill on this later. Light data with New Home Sales at 3pm so would expect this euro to grind lower. won't be suprised if we test 136 today
 

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SquealTrader

Member
80 2
As a rule i never look to enter a trade so close to data that can cause spikes so orders are off the ladder till after data at 3pm...
 

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SquealTrader

Member
80 2
As a rule i never look to enter a trade so close to data that can cause spikes so orders are off the ladder till after data at 3pm...

Slightly better new houses numbers with decent revisions so orders are back on
 

SquealTrader

Member
80 2
Ok have exited this euro at 1.3631. EU has now closed. super low volumes on the SP as the US is closed for memorial day on Monday so it seems to be no real interest in the markets. Enjoy the long weekend
 

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SquealTrader

Member
80 2
Good morning, Hope you enjoyed the long weekend. We've woken up to equities pushing and decent $ strength. some data out this afternoon with durable goods and case schiller index. Drahgi speaking at 14:30, all ears will be on any clues he might give in regards to next weeks meeting. I'm still bearish but this euro is looking to lose its steam around here. I expect to see some kind of retrace before euro extends lower. ive just been entered long here at 13640 so lets see what happens. my 1st target i think is a bit aggressive so will prob take my first clip off around R1 1.3661.
 

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SquealTrader

Member
80 2
Ok first clip taken off at Target 1. stop now at scratch. risk free trade from here on.
 

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