Tuesday, July 31, 2012


I had two winning trades to the long side today.

First trade:
The market seemed quiet and bullish. I went long early with five contracts. I used a two-point stop, and scaled out of four of the contracts for a profit. I sold the last contract because I had to run some errands. There was a nice profit on the trade.

Transactions for first trade:
Buy     1       1379.75 7/31/2012 7:59:34 AM Entry      1L
Buy     2       1379.75 7/31/2012 7:59:34 AM Entry      3L
Buy     2       1379.75 7/31/2012 7:59:34 AM Entry      5L
Sell    1       1380.75 7/31/2012 8:02:59 AM Exit       4L
Sell    1       1380.75 7/31/2012 8:02:59 AM Exit       3L
Sell    1       1380.75 7/31/2012 8:02:59 AM Exit       2L
Sell    1       1380.75 7/31/2012 8:02:59 AM Exit       1L
Sell    1       1382    7/31/2012 8:29:07 AM Exit       -

Heat for the first trade:
5.0 * (1379.75 -  1379.50) = 1.25 points

Profit for the first trade:
-5.0 * 1379.75 + 4.0 * 1380.75 + 1382.00 = 6.25 points


Second trade:
I scaled in and out of a 2-contract long position later in the day. I finally exited with a sell-limit order because I was uncomfortable staying long. The 50-period SMA on the 5-min chart had stayed negative all day. I felt that the market could go down, but was unlikely to go up much. In retrospect, I sold at a pretty good time.

Transactions for second trade:
Buy     1       1376.75 7/31/2012  9:11:53 AM Entry     1L
Buy     1       1375.5  7/31/2012  9:57:13 AM Entry     2L
Sell    1       1377    7/31/2012 10:07:57 AM Exit      1L
Buy     1       1376.75 7/31/2012 10:58:04 AM Entry     2L
Sell    1       1377.75 7/31/2012 11:05:25 AM Exit      1L
Sell    1       1378.75 7/31/2012 11:11:57 AM Exit      -

Heat for the second trade:
1376.75 + 1375.50 - 2.0 * 1375.00 = 2.25

Profit for the second trade:
-1376.75 - 1375.5 + 1377 - 1376.75 + 1377.75 + 1378.75 = 4.50

Total profit for today: 6.25 + 4.5 = 10.75


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