Tuesday, April 15, 2008

4.15.08 4.15 Settlement

Trade Date:






4/15/2008







EST
Buy
Sell

Position Time Type Price Average Price Type P/L








2 9:30 Close 1331.00



3

1327.25 1329.75


2 1:20


1331.75 SF1 $100.00
1 4:01


1337.75 SF2 $400.00
1 4:15


1335.75 close $237.50














5.46% $737.50
Summary:

Today's P/L is $737.50; for a 5.46% gain.

We entered the day long 2.

Intra-day we bought 1 and sold 2.

We conclude the day long 1.

SF2 Filled

Filled 1337.75 SF2
June Emini





Position: 1
1329.750 BA12





Working Orders:








Buy
Sell
Type Price
Price Type



1345.75 SF3





Working Orders into 4:15 Close

We are long 2. Below are the working orders into the close. If SF2 is not filled. we will sell one on the 4:15 close, to conclude the day long 1.

Position: 2
1329.750 BA12





Working Orders:








Buy
Sell
Type Price
Price Type



1337.75 SF2



1345.75 SF3










SF1 Filled

Filled 1331.75 SF1
June Emini





Position: 2
1329.750 BA12





Working Orders:








Buy
Sell
Type Price
Price Type
1317.25 SE3
1337.75 SF2





BE3 Filled

Filled 1327.25 BE3
June Emini





Position: 3
1329.750 BA123





Working Orders:








Buy
Sell
Type Price
Price Type



1331.75 SF1



1338.75 SF2

New Working Orders

Position: 2
1331.000 BA12





Working Orders:








Buy
Sell
Type Price
Price Type
SE3 1327.25
1333.75 SF1



1340.75 SF2





Can Trading Be Taxing? 5 Things to Remember.


Everything in life can be taxing it you allow it to be and Trading is no exception. Let's look at a comment this FB 2.0 Blog received yesterday:

LiggerPig has left a new comment on your post "4.14.08 4.15 Settlement":

Not an easy day for any system and frustrating for discretionary traders too. Good luck with your blog. I hope to pop back regularly and learn more.


I had the chance to talk to several traders yesterday and this sentiment above was common (even the FB 2.0 did not even trigger a trade yesterday).

Frustration will always be there for traders if it is allowed to. All traders feel frustrated at times; it is how you deal with that frustration that is important.


5 Things to keep in mind during those frustrating times:


1. You don't have to make a trade everyday.

2. You don't have to make money everyday.

3. You don't have to be on the right side of the market everyday.

4. You don't have to be right on every trade everyday.

5. You don't have to let the above 4 points frustrate (tax) you everyday.


So relax, and don't be frustrated. Don't allow trading to become taxing.

Barlow

j.barlow.smith@gmail.com

New Working Orders

Position: 2
1331.000 BA12





Working Orders:








Buy
Sell
Type Price
Price Type
SE3 1328.25
1340.75 SF1





Good Morning

We enter the day long 2. Working Orders for after the 9:30 Open are below:

Position: 2
1331.000 BA12





Working Orders:








Buy
Sell
Type Price
Price Type



1340.75 SF1