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How I Trade For a Living
Started:August 30th, 2016 (10:48 AM) by rocksolid68 Views / Replies:49,438 / 662
Last Reply:November 7th, 2016 (02:55 PM) Attachments:94

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How I Trade For a Living

Old September 26th, 2016, 12:40 PM   #141 (permalink)
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Scalping around now. I am probably done with the ES today.

Still in a gold trade. It is moving very slow today.

So far a good Monday!

     
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Old September 26th, 2016, 05:50 PM   #142 (permalink)
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Well, I finished the day positive.

I am not going to post the day's recap quite yet since I am still in a GC trade.

I made $275 on ES today. I did not trade ZB since I was focused on GC (second attempt trading live).

I am holding a GC short as I type this. It is sitting roughly $200 in the green. I had a run-up of ~$400 but I am holding for more.

I will post recap once I am all flat!

Thanks!

     
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Old September 26th, 2016, 11:57 PM   #143 (permalink)
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Okay. Well, I am still in the GC trade. I ended up adding a second contract on a pullback.

Thanks to Hillary Clinton and Donald Trump, I am not ~$600 in profit.

I am riding this short for as big of returns as I can get!

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The chart is very "pretty" and colorful now. I was bored so I marked up the chart a little.

The big magenta box is the FOMC zone. This is what price did after/during FOMC.

Why mark this area? Because the market is always in a certain "state". Sometimes risk-on, sometimes risk-off.

Risk-on is bullish for stocks and commodities. Risk-off is bearish for them.

Post-FOMC was risk-on since they did not raise rates. It was "safe" to invest in equities and commodities.

However, now that prices are back in the FOMC range, it is showing that there is some fear in the market.

So my first target will probably ~32. That will be a ~$1000 win on one contract. I will hold my other for ~24 which is the bottom of the FOMC range. This will be another ~$1800 profit.

I should also mention that I took a $210 loss on GC this morning.

I will post ES and GC recaps tomorrow morning. I was busy watching the debate!

Thanks!

     
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Old September 27th, 2016, 08:45 AM   #144 (permalink)
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Quick update. We got a healthy retracement over night on my GC trade. If I was awake, I may have added.

I did adjust my stops to above the Lower High.

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I hope that we can break back into the magenta box.

     
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Old September 27th, 2016, 09:38 AM   #145 (permalink)
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Futures Edge on FIO
I am unsure of what happened, but GC just "flash crashed" and rebounded. Weird.

Well, it came pretty dang close to my target!


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It isn't fun to see $2000 in profit get halved as quickly as it was made!


Last edited by rocksolid68; September 27th, 2016 at 09:55 AM.
     
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Old September 27th, 2016, 10:12 AM   #146 (permalink)
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WOO!
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EDIT: Since I am pretty dang pumped about this gold trade, I am unsure how much I will trade today on other things.

Yesterday's recap:

LIVE:
ES: +$275
ZB: N/A
GC: -$210 (closed PnL when I went to sleep)

Totaly Day's PnL: +$30ish after commissions.

As you all know, I am still in a gold trade. I have close one contract for quite a bit of money, and am holding my other for longer. Let's see what I can squeeze from the market!


Last edited by rocksolid68; September 27th, 2016 at 10:20 AM.
     
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Old September 27th, 2016, 10:28 AM   #147 (permalink)
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Morning Analysis:

With the ES, the debate last night is causing price to move. So, hopefully this means some volatility.

This is honestly the #1 chart I am looking at for today on ES.

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The magenta box is the FOMC box. Look a few posts higher where I talk about this.

The fact that we erased ALL no-rate-raise gains really shows that there is a LOT of uncertainty in the market.

I want to be short in this market, but M-VWAP has proven to be a decision area for weeks now. M-VWAP and the bottom of the FOMC box are my AoI. I am looking for a move beneath them to ride the move down.

Look at M-VWAP and all the times price turned higher from there. That means that if we break all those lows, we are due for a nice stop-run that could rip some faces off. I can't wait!

     
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Old September 27th, 2016, 10:46 AM   #148 (permalink)
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Built up my short. Time to see the 20's!

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EDIT: Flat! Ouch! Gold still playing nicely which is good


Last edited by rocksolid68; September 27th, 2016 at 10:56 AM.
     

Old September 27th, 2016, 08:54 PM   #149 (permalink)
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Day recap!

Closed PnL:

ES: -$387.50
ZB: N/A
GC: +$900

Overall Closed PnL: +$512.50

--------------------------
Open PnL:

ES: N/A
ZB: +$312.50
GC: +$1410

Overall Open PnL: +$1722.50


Thoughts: ES punched me on the face right away in the morning. I ended up scalping both the long and short side afterwards. This allowed me to recover some of my losses.

I was holding the gold trade ON which played out very nice at the RTH open. I am still in one contract. I honestly am bewildered by how well it is playing out.

I took a ZB long on the thought that since we are in a "risk-off" environment, as well as US being the only safe place right now (JPY policy is poo and Europe is clearly struggling. Take a look at Deutsche Bank)

     
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Old September 27th, 2016, 08:56 PM   #150 (permalink)
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Here is the ZB trade. I took it on a pullback. Aiming for a large target, but since I only have one contract, I may have to be a tad more strict. We shall see.


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Here is GC. Still looking very nice. The debate last night really helped me out!

Monthly Pivot is looking like a good resistance at the moment. I hope that we get another leg down ON. We shall see.

     
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