I said it was copper. D asked "Why copper?". I said it had the prettiest chart among the others that started trading in the 8 - 9am timeframe.
Oil was unexpectedly ugly before inventory report:
Gold and currency futures were totally trapped in yesterday's range or today's OR:
I could have traded treasuries, except that I never quite know how to place an order (my brain is unable to process 1)numbers with 6 digits after a decimal point, 2) numbers that are fractions, and 3) fractions that don't make sense to me):
D asked for copper's year high and year low figures.
I said I don't know what they were.
D asked for copper's tick value.
I gave a blank stare, then took out my calculator and started computing the tick value for copper using the amount I lost in my minus-5-tick-loss scratched trade.
D was flabbergasted.
I told him I knew what he was thinking, and reminded him that what was important was that I had been watching copper, and that for all my entries, I had used hard stops for protection on top of soft mental stops for getting out with minimum damage.
Then I told him the tick value for copper - it's USD 2.50.
D almost instantaneously figured out that a one dollar move in copper would yield a profit of USD25k.
I am impressed beyond description.
I have been asked by a number of people if my trades were real money trades after I mentioned that I was going to be sim trading for a while.
Yes, all my trades shown on this blog are real money trades, except for trades taken on Aug 19 to test the NT platform.
A real money IB trading platform looks like this:
A simulated IB trading platform looks like this (below the account number is that red "simulated trading" heading you can't miss):