Thursday, July 12, 2012


I started the day still long two contracts from from yesterday. There was a big pullback due to the unemployment report. I bought an additional contract, then sold all three as the market went up during the day.

I've been long at least one contract since July 2, made 16 buy/sell trades, and ended up with a profit of 3.00 points. During that 10-day period, the market dropped about 26 points. I would have done a lot better by just staying short over that time. The longer-term indicators, such as the MACD on the daily chart, were bullish. In summary, I daytraded against the trend to end up with a slight profit instead of a big loss. That counts as a tactical victory, but a strategic standoff.


Executions:
Buy     1       1320.00 7/12/2012  7:43:11 AM Entry     3L
Sell    1       1324.00 7/12/2012  8:03:30 AM Exit      2L
Sell    1       1328.00 7/12/2012  8:55:35 AM Exit      1L
Sell    1       1332.00 7/12/2012 10:21:22 AM Exit      -


(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 + 1320.00 - 1324.00 - 1328.00 - 1332.00) = 3.00


No comments:

Post a Comment