Friday, June 19, 2009

6E & ES Trades 6/18 (Thurs) - Crazy Day


Cutting a long story short:

D got home at 930am N.Y. time SHARP. We exchanged stories about our day, and coz of that I missed my favorite setup. I don't know why I did it, but I chased (one of those things I don't normally do), right at the point where ES hit major resistance. Covered at 6 ticks loss. And then I did the unthinkable: clicking more than once on "sell". Realized that immediately and bailed at breakeven. Then I entered long right when ES was moving back up to the same resistance level!! Then I double-click on "sell" AGAIN!!! This time I wasn't so lucky. I simply couldn't hold a short at a place where I won't SELL (it's where both bulls and bears can get trapped). So I covered at 6 ticks loss.

Total disaster.

Recovered 200 of the 300 I lost in the next 2 trades.

Total for the day: + USD 87

What a day.