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Friday, July 11th

One glance at the ER2 charts pretty much says it all. They pounded to pieces both ways, all day. I thought yesterday was tough... have never in my ER career worked thru a session like today where so many 3pt ~ 5pt V-turns slammed every which way without abatement. Sideways volatility is to the point of ridiculous now.

Missed entry into the afternoon Bernanke spike by a hair, quit trading down -$1,000 and dealt with internet outage issues. Rebooted platform to snag this image and darn good thing I did... stranded sell stop order from earlier hit and dug the hole deeper by -$970 more. Would have been much worse at the close if left unchecked. Reminder again to make sure ALL orders are closed and flat before exiting... stranded ones don't always show.

Of course, it would never be an errant buy stop that went unnoticed for +10pts gain instead.

Thursday, July 10th

Never left the screens for more than a couple of minutes. Turned 13 rounds total on 5-lots, 2 and 3 scaled ins. Cannot recall ever being slapped out at par on so many promising trades. The sideways volatility is brutal. If any of six or seven par outs had been halfway straight, would have booked three times this.

Wednesday, July 9th

I shorted the ER2 all day into a general downtrend... why ain't I rich?

*

Went from +$500 to -$1,500 this morning working 5-lots in pieces. The expected chop following trend day was there, so scaled into trades. Trying to hold anything for +5pt gains got slapped out in the w-turns.

Scaled back to 1-lot and 2-lot, traded back to par on unrealized gains four different times. Held all of them for profit objectives, all whipped out before the 3pm collapse.

Example was short 5-lot from ER 674.00 and stopped out on a trail at 672.00, just before the expected plunge. Profit objective was 665 and was easily hit... right after the umpteenth pop into trailed stops.

We never fight the market, we are always on the correct side or out for small losses. Some days the tape is just a little too rowdy, stops hit or hold and fortunes turn on a tick. Too many short trades ticked out before they went on to work profitably today.

Tuesday, July 8th

OK day.

Would have been up twice this much trading ER alone without ES losses weighing on the bottom line.

Would have been up three times more without Ninja hiccups in the first two hours causing major fits.

Would have been up four times more had merely I bought the 2pm est ER2 express straight north instead of watching the final ES trade languishing thru choppy, sideways slop before it too rose in agony.

But... those are the things that happen in real life, real time with real money. Welcome to our profession

Monday, July 7th

Markets enjoyed quite the nooner there... minutes after stopping me out of shorts at par for the umpteenth time this morning.

Looked a bit overcooked on the charts past 1pm est. Played give & take for an hour, caught another +5pt ER ride and exited early. Looks poised to hit 665ish before the close, but I'll scoop my pennies while offered and run.

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Trading any financial market(s) involves high risk. You can lose a significant amount of money, in some cases more than initial balance of the account. Trading financial markets is not suitable for many investors. Any performance results listed in all marketing materials represents simulated computer results over past historical data, and not the results of an actual account. All opinions expressed anywhere on this website are only opinions of the author. The information contained here was gathered from sources deemed reliable, however, no claim is made as to its accuracy or content. Different testing platforms can produce slightly different results. Our systems are only recommended for well-capitalized and experienced traders.

REQUIRED RISK DISCLOSURE
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.