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Tuesday, March 6, 2012

20120306-3

ES
Open:
1st: Long 1 @ 1354.00. Daily TC18, counter intraday trend.
2nd: Long 1 @ 1347.75.
3rd: Long 1 @ 1345.00.
4th: Long 1 @ 1343.00.

Close:
1st: Sell 1 @ 1341.00. 20m before close, had to start closing out the trade.
2nd: Sell 1 @ 1342.25. 15m 18 EMA. 
3rd: Sell 1 @ 1342.50. 15m 20 EMA.
4th: Sell 1 @ 1342.50. It went up throught the EMA and came back down again, decided to close out at the close. 

Had at best -$300 after the initial break-down and a couple of addins, but it didn't offer much of a bounce, at worst about -$1700. Would've worked if I stayed with 1 contract and hold it overnight, made money in the swing account. Don't confuse between daytrading and swing-trading! Don't impulse trade!

4 contracts -$1075 ex fees, -$1100.28 net.
For the day -$940 ex fees, -$1005 net.
Daily Statement

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