Click on chart for comments on the trade.
Total on 3 Contracts = $3775.00
Entry at 1068.75 @ 9:45AM Eastern Time
1/3 Exit at 1062.75 = $300
2/3 Exit at 1039 = $1487.50
3/3 Exit at 1029 = $1987.50
Total on Trade = $3775 on every 3 contracts traded.
ZB Trade: $3000.00
ES Trade: $3775.00
Overall Total $6,775.00 on every 3 contracts traded on each of the markets in ES and ZB. There was a nice rally into close that I did not participate in, but was looking for in my trading plan. My thoughts coming into the last hour and a half was we were going down at least 1000 points in the DOW or we would close 250 points down in the DOW, or a rally into the close.
The rally into the close happened today, and one of my favorite trades to make, but with me making historically my best trading day ever today, then I was not willing to give back my gains based on my 3 contract trading strategy today.
Awesome day today! Hopefully, we can get back to more normal trading in the near future, these kind of days are exciting, but this kind of trading is very, very tough. Today was a great day to be a day trader.
Good Trades,
David AKA Tiger
Monday, October 6, 2008
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