Well guys, I've been trading for about a week and so far I think I've been progressing nicely. Right now, I'm just focusing on being consistent and making sure that I keep my losses as low as possible (my stops are usually less than 3 points). I'm going to use this thread occassionally to post some of the trades that I took throughout the day. Hopefully, a nice civil discussion will come out of this where we can all share our viewpoints. Here goes: Short @ 1129.25 - I was a little late on this entry. What I really wanted to do was short @ 1131 as soon as it reversed from the double top. Covered @ 1125.25 - There was a prior pivot point around this area so I just took my profits. Total Gain: 4 points. ------------------------------------------------------------------------------------ Short @ 1119.50 - Bear Flag Breakdown. Covered @ 1118.50 - Exited all positions near closing time. I guess I could've held on a bit longer. Gain: 1 point. Total 5 points. ------------------------------------------------------------------------------------ As you can tell, I'm not really a hyper trader. I tend to trade between 3-5 contracts a day. Just want to take it slow until I get more confident with my skills. I've attached a chart outlining a few setups that I was looking at. Feel free to take a look and don't be afraid to critique my thinking. I'm quite new at this so I'm eager to hear from the experts. DraXon.
You are 100% today.... what's to critique? So you took small profits... much better than small losses. I too would like to know what charts you are using? Thanks EC