Wednesday, March 19, 2008

3.19.08 4.15 Settlement Emini / Sp500


Trade Date:






3/19/2008







EST
Buy
Sell

Position Time Type Price Average Price Type P/L








1 10:35 BE1 1327.25



2 1:32 BE2 1320.25 1323.75


3 1:54 BE3 1313.25 1320.25


2



1298.75 SF1 -$1,075.00
1



1298.75 SF2 -$1,075.00
1



1298.75 close -$1,075.00





























-23.89%
-$3,225.00









Summary:

Today's P/L was -$3225.00; for a 23.89% loss.

We entered the day with no position. We bought 3 and sold out 2 on the 4:15 Close.

We conclude the day long 1.

SF1 and SF2 Filled at 4:15 Close

Filled 1298.75 SF1 and SF2 June Emini
Position: 1
1320.250 BA123





Working Orders:



Buy
Sell
Type Price
Price Type





The Working Orders Post below has been corrected

We are long 3, selling 2 at 4:15 close if SF's are not filled.

Working Orders into the Close

We are long 3 now.

Below are the working orders into the 4:15 close. If SF1 and SF2 are not filled, we will sell at the 4:15 close to remain Long 1 (correction)


Position: 3
1320.250 BA123





Working Orders:



Buy
Sell
Type Price
Price Type



1314.75 SF1



1319.75 SF2



1325.75 SF3





BE3 Filled

Filled 1313.25 BE3
June Emini
Position: 3
1320.250 BA123





Working Orders:



Buy
Sell
Type Price
Price Type



1321.75 SF1

BE2 Filled

Filled 1320.25 BE2
June Emini
Position: 2
1323.750 BA12





Working Orders:



Buy
Sell
Type Price
Price Type
BE3 1313.25
1324.75 SF1





BE1 Filled

Filled 1327.25 BE1
June Emini
Position: 1







Working Orders:



Buy
Sell
Type Price
Price Type
BE2 1320.25
1340.75 SF1





New Working Orders

Position: 0







Working Orders:



Buy
Sell
Type Price
Price Type
BE1 1327.25
1340.75 SE1





Good Morning Emini / SP500

Today we enter the day flat (no position). Working orders will be posted shortly after the open.

Position: 0

Working Orders: 0

====

Yesterday I had the opportunity to explain what The Saxon Institute is. Today I wish to tell more about myself. It is the most common question I get on from the FB 2.0 Blog through emails.

Who is J Barlow Smith?


I am the owner and developer of The Saxon Institute.


My experience as a professional trader spans the last 25 years. When I look back at my past in the industry, I can label three stages that I went through:

1. Floor Trader (1982 -1994) Member of the Chicago Board of Trade

2. Head Trader (1994 – 2005) Money Management.

3. Proprietary Trader (2005 – Present) Trading Privately.


I will take the time to explain more about the above stages of my career throughout today.