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How I Trade For a Living
Started:August 30th, 2016 (10:48 AM) by rocksolid68 Views / Replies:48,820 / 662
Last Reply:November 7th, 2016 (02:55 PM) Attachments:94

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How I Trade For a Living

Old October 7th, 2016, 09:42 AM   #261 (permalink)
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Flushed out the children, so I think it is time to go now

I have quite a bit of exposure currently. I have 2 lots GC, 3 ES, and one ZB....

I guess we will see how it plays out!

EDIT: Flattened one ES for +15 ticks.

Flat GC for a few hundred dollars


Last edited by rocksolid68; October 7th, 2016 at 10:00 AM.
     
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Old October 7th, 2016, 10:39 AM   #262 (permalink)
Zb Trader
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puke point

whats your puke point zb?

     
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Old October 7th, 2016, 10:47 AM   #263 (permalink)
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tbondtrader View Post
whats your puke point zb?

Not sure at this exact moment.

If we start to see some strength to the upside above the yellow boxes, I will flatten.

I will see if there is momentum after the first box, and flatten if so. But if there is no momentum, I will hold to the higher of the two boxes. Make sense?

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Old October 7th, 2016, 11:15 AM   #264 (permalink)
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So, I messed up pretty hard.. A multi-hundred dollar mistake. I had gotten up to refill my coffee with a full boat on. Needless to say, I did not put in a hard stop (which I do for when I am away).

Price fell through the OR-L.

So when I got back I was much more red than I wanted to be.

Time to grind my way to green....

     
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Old October 7th, 2016, 11:23 AM   #265 (permalink)
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Futures Edge on FIO

Are you a NinjaTrader user?

 
Time to go out the top! I think that the big boys are ready!

We got an extreme TICK reading to the downside but I think it is signaling bear exhaustion.

More fuel for the missile? We will know sooner than later!

(Bonds and gold dropping nicely)

     

Old October 7th, 2016, 12:34 PM   #266 (permalink)
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Raise your hand if you wish you were still holding your GC short

     

Old October 8th, 2016, 11:47 AM   #267 (permalink)
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So, I completely forgot to post my Friday recap.

I have been fairly busy and did not have too much time. I still do not. I am going to my little sister's volleyball game and the out to lunch with the grandparents. I will hopefully have some time tonight!

Anyways, Friday was an ugly day for me. First off I forgot a stop loss when I went up for coffee. Second, I got hurt on a GC trade as well. Not only that, I flattened my ZB trade because I believe it will make a nice leg up now.

Recap:

ES: -$512.50
GC: -$380.00
ZB: +$2406.25

Net PnL: +$1513.75
Net PnL for trades place that day: -$892.50

I knew my hotstreak would come to an end sooner than later. I just wish it wasn't so ugly

Anyways, next week is a new start, hopefully I can recoup some losses.

This week has an overall green PnL, but I think that I should have been able to do better.

I still have much to learn!

Enjoy your weekend, all!

     
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Old October 8th, 2016, 07:04 PM   #268 (permalink)
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rocksolid68 View Post
Raise your hand if you wish you were still holding your GC short


Not me. Long smells nice at the moment. ;-)

     
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Old October 8th, 2016, 07:51 PM   #269 (permalink)
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HoopyTrading View Post
Not me. Long smells nice at the moment. ;-)

Haha Hoopy. It was looking good for a short $9000 ago where I was short

     

Old October 8th, 2016, 08:11 PM   #270 (permalink)
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rocksolid68 View Post
Haha Hoopy. It was looking good for a short $9000 ago where I was short

I tend to wonder...These "big wigs" at bank or hedge funds who have been saying that gold is overvalued. Who are they? Who are they to say what is and what is not? They cannot truly have a pulse on what the rest of the world thinks of gold, they are just making statements, which moves the price of the commodity. It's criminal.

Is gold truly over-valued, and will it hit less than $1K per ounce based on the supply and demand of the world markets in the next few months?

A maddening ideal. When large banks sneeze, everyone reacts? Lemmings off a cliff comes to mind.

     
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