My virtual trades on the ES as followed, all based on price action and volume.
19 Jan 2010 (Tuesday) - Profit = $137.50
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
click wrongly? recheck before clicking any button.
ReplyDeleteHi :
ReplyDeleteES movement is fast and fury.
But, I'll be careful with my trade execution from now on.
And, yes, the stop loss helped to curb further losses when you think you should hold on to a trade to give it a chance to go your way - but it sometimes just doesn't.
Tony Chai