ES Trading - 19 to 21 Jan 2010

Dear fellow traders :

My virtual trades on the ES as followed, all based on price action and volume.

19 Jan 2010 (Tuesday) - Profit = $137.50

 20 Jan 2010 (Wednesday) - Profit = $325.00

21 Jan 2010 (Thursday) - Loss = $500.00*.
*  I lost $200 in the first trade. I was supposed to enter a limit order for the next trade but I clicked wrongly and it became a market order. I was stopped out within the 1st candle. A great lesson that I've learned - trade management is just as crucial as money management.

Regards,

Tony Chai

ES Trading - 11 to 15 Jan 2010

Dear fellow traders :

For the past few months, I've modified my ES e-mini trading to base entry on price action and volume, with no indicators and focused only on the morning session.

Still gaining experiences from this way of trading and jotting down mistakes in a journal along the way, and yes, I use stop loss in every trade.

Here are my paper trades :


12 Jan 2010 (Tuesday) - Loss = $225.00

13 Jan 2010 (Wednesday) - Profit = $187.50

 

 14 Jan 2010 (Thursday) - Profit = $212.50

 

 15 Jan 2010 (Friday) - Loss = $200.00

Regards,

Tony Chai