Wednesday, July 11, 2012

I didn't trade yesterday as I was busy going to the dentist and taking my wife's car to the dealer for service.

I stayed long 1 contract from Monday.

The market was way down overnight, and I thought I could make some money going long. I did OK until I got stuck in the downdraft caused by the Fed announcement.

Transactions:

Buy     1       1336.25 7/11/2012  6:20:39 AM   Entry   2L
Sell    1       1337.75 7/11/2012  6:51:25 AM   Exit    1L
Buy     1       1336.00 7/11/2012  7:28:11 AM   Entry   2L
Sell    1       1337.00 7/11/2012  8:08:25 AM   Exit    1L
Buy     1       1337.00 7/11/2012  9:14:53 AM   Entry   2L
Buy     1       1338.00 7/11/2012 10:01:33 AM   Entry   3L
Sell    1       1338.75 7/11/2012 11:00:02 AM   Exit    2L




(1358.00 + 1354.50 - 1358.25 + 1356.75 - 1357.50 + 1356.50 - 1358.50 + 1356.50 - 1358.50 + 1366.50 + 1364.75 - 1366.75 - 1368.50 + 1350.00 - 1352.00 + 1350.50 + 1342.50 - 1352.50 - 1347.00 + 1342.50 - 1346.25 + 1336.25 - 1337.75 + 1336.00 - 1337.00 - 1337.00 + 1338.00 - 1338.75) / 2.0 = 1333.50


I finished the day long 2 contracts with an average cost of 1333.50.

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