Dummy day trading #16 17-August-2006| E-mini Nasdaq| Short trade closed

Though I did read the cautious words from Mike's blog about options expiration, I decided to trade if any dummy set up was found. Short position of E-mini Nasdaq was established below 10am (chicago time) candle. It took 1 hour to stop me out. Darn! However, everything was done by following my rules.

One trade closed with 1-R loss.

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  1. Tradergav.com - Gav’s Better trading blog » August 2006: Week 3 review — Pingback
    [...] August 2006: Week 3 review By Gav It is time to review result of this week’s trading. It was indeed a bad week for me. Negative begining, facing discipline problem, missing trades and close a losing trade on options expiration day. However, I closed the week in black again [...]
  2. Tradergav.com - Gav’s Better trading blog » Postmortem 18-August-2006 — Pingback
    [...] Dummy day trading #16 17-August-2006| E-mini Nasdaq| Short trade closed Favourite Post More on the next trade is more important [...]
  3. Will
    Gav, Please elaborate a little. It looks like the bottom of the 10AM bar was around 1569.25. Did the next bar break below it and trigger your short at 1569? The red dot on the chart obscures that area. Thanks!
  4. Will
    Gav, Please elaborate a little. It looks like the bottom of the 10AM bar was around 1569.25. Did the next bar break below it and trigger your short at 1569? The red dot on the chart obscures that area. Thanks!
  5. Gav
    Will: The low of 10am candle was 1569.25, and the next candle (1030am) hit a low of 1569. That's where my short order was triggered. The red dot on the chart was the point that my sell order get triggered. Have a good day :)
  6. Gav
    Will: The low of 10am candle was 1569.25, and the next candle (1030am) hit a low of 1569. That's where my short order was triggered. The red dot on the chart was the point that my sell order get triggered. Have a good day :)
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  8. Postmortem 18-August-2006 | TraderGav.com — Pingback
    […] yesterday I made a good trade with 1-R loss. (Good trade with loss!??!, nut!) I said good trade, because the trade was executed and stopped out […]
  9. August 2006: Week 3 review | TraderGav.com — Pingback
    […] indeed a bad week for me. Negative begining, facing discipline problem, missing trades and close a losing trade on options expiration day. However, I closed the week in black again […]