In this video I give a preview of the indicator I’m working on, codename: Jailbreak. Seems to have some promise. Too early to tell.
The trading… Started with 2 losses, down $100. Took a little break, and finished the day up $75. eh… on a day like today, I’ll take it. I went into extra cautious mode after getting caught in the morning chop. Turns out, if I had stayed aggressive, I would have done better by the end of the day. Maybe, upon investigation, I would see that staying aggressive is the statistically right answer, since it rarely stays choppy all day. But, it’s very difficult for my personality not to get defensive after starting out with two losses.
… and very satisfying to make money, even if it’s a small amount. In the relatively near future I plan to go to 2 contracts per trade. That will be nice, because at present I’m starting to feel pressure to fit some more stock trading into my routine. And, the more I think about it, the more I want to leave stock scalping behind. I never thought I’d say that, but when I look at an intraday stock chart now, it looks terribly chaotic compared to @ES. Maybe it’s spoiling me, or maybe it’s just better.
November 5th, 2007 at 8:50 pm
nice job finishing in the green…one thing about the ES is that it can handle a ton of contracts…i’m sure u will eventually get to the point of Moving that Market too! :-)
November 5th, 2007 at 9:21 pm
Thanks, BAT, though I feel kinda silly bragging that I fought all day for $75. There is obviously still lots for me to learn about index futures trading! I hope your trading has continued to go well.
November 6th, 2007 at 9:14 am
for most of us that followed cal trader to the darkside, we would prolly be happy with an average return of $75/day for this year :-)
i put the training wheels back on…we’ll see…thanks