Dummy day trading #13 15-August-2006:E-Mini Nasdaq:Long trade closed

This is the last trade of the day. Long position of E-mini Nasdaq was established above 9am(chicago time) reversal down candle. Trailing stop was moved to break even after 1-R gain. Subseqently, I did not wait for 2-R gain and decided to closed the trade with 1-R profit with the same consideration as Dow mini trade. (Discipline problem again!?!)

Though I manage to close the day in black, I am not happy with my performance in term of trade execution. I was a little bit emotional after the E-mini S&P loss.

15 August 2006
15 August 2006

Comments

Historical comments are preserved here. New comments are closed.

  1. jest
    Hi Gav, I have just recently opened a futures account and currently using eod feed. I have decided not to go real time...ideals dun fit lah. Just wondering, when i look at the futures some contract span for months. which contract should i purchase since i would hold futures contract for about a week or two? and i realise diff contracts have diff price range e.g. mini dow for sep is different from mini dow for dec by a hundred points. Sry ah noob qn.
  2. jest
    Hi Gav, I have just recently opened a futures account and currently using eod feed. I have decided not to go real time...ideals dun fit lah. Just wondering, when i look at the futures some contract span for months. which contract should i purchase since i would hold futures contract for about a week or two? and i realise diff contracts have diff price range e.g. mini dow for sep is different from mini dow for dec by a hundred points. Sry ah noob qn.
  3. Gav
    Hi Jest, I will drop you an email later.
  4. Gav
    Hi Jest, I will drop you an email later.
  5. Tradergav.com - Gav’s Better trading blog » More on ‘The next trade is more important’ — Pingback
    [...] More on ‘The next trade is more important’ By Gav I decided to relook again my previous posting on “Next trade is more important‘. I discussed briefly on experience of having a string of winning days. Now I am looking at the losing experience. It seems to be a common problem among traders. Well, I made the same mistake on tuesday’s trade as well. Coincidently, ugly was having the similar problem yesterday. [...]
  6. More on ‘The next trade is more important’ | TraderGav.com — Pingback
    […] losing experience. It seems to be a common problem among traders. Well, I made the same mistake on tuesday’s trade as well. Coincidently, ugly was having the similar problem […]
  7. Postmortem 15-August-2006 | TraderGav.com — Pingback
    […] fact was simple and obvious. There was no change of intraday trend, both Nasdaq and Dow were just taking a breath before continued moving up. Yes, I might be right, upside might […]