4/25/11: Afternoon session trade results: 2 trades, $70 profit for day

We took one trade during the afternoon session. The stop on this trade was 3 ticks as shown by the swing low on this chart. The target was only at 1 point because of the trade being near the close of the day.

We ended the day with 2 trades, a profit of $70.

4/25/11: Afternoon session trade results: 2 trades, $70 profit for day

We took one trade during the afternoon session. The stop on this trade was 3 ticks as shown by the swing low on this chart. The target was only at 1 point because of the trade being near the close of the day.

We ended the day with 2 trades, a profit of $70.

4/25/11: Morning session trade results: 1 trade, $50 profit

We took 1 trade setup for 10 ticks profit, or $50. The chart is included below detailing the entry and exit prices.

In the next few posts I will explain in detail our setups, determining the strength of the setups, and proper trade management.

For example, during this trade, once price traded at 2373.75, we adjusted our stop to 1 tick above entry, ensuring a no-loss trade for us. There are 3 outcomes possible, profit of $5, profit of $50, or filling yourself at a specific price target. What we try to do is eliminate uncertainty as soon as possible, not leaving anything up to chance or emotions.

I will go more in detail during the upcoming series of posts that will detail our system and psychology.

I will leave you with this sentence to ponder about-

Nobody ever lost money taking profits.

4/25/11: Morning session trade results: 1 trade, $50 profit

We took 1 trade setup for 10 ticks profit, or $50. The chart is included below detailing the entry and exit prices.

In the next few posts I will explain in detail our setups, determining the strength of the setups, and proper trade management.

For example, during this trade, once price traded at 2373.75, we adjusted our stop to 1 tick above entry, ensuring a no-loss trade for us. There are 3 outcomes possible, profit of $5, profit of $50, or filling yourself at a specific price target. What we try to do is eliminate uncertainty as soon as possible, not leaving anything up to chance or emotions.

I will go more in detail during the upcoming series of posts that will detail our system and psychology.

I will leave you with this sentence to ponder about-

Nobody ever lost money taking profits.

4/21/11 Trade Results: $20 Profit

We ended the day with $20 profit.

Today was the day following a very overextended market to the upside due to earnings announcements, which we believe the expectations were set relatively low and firms are easily able to beat the estimates; resulting in short-term positive moves in the markets (combined with negative economic factors). We traded with caution today due to this thinking, and were not too active in the higher frequency of trading that we normally try to attain.

4/21/11 Trade Results: $20 Profit

We ended the day with $20 profit.

Today was the day following a very overextended market to the upside due to earnings announcements, which we believe the expectations were set relatively low and firms are easily able to beat the estimates; resulting in short-term positive moves in the markets (combined with negative economic factors). We traded with caution today due to this thinking, and were not too active in the higher frequency of trading that we normally try to attain.

4/20/11 Trade Results: $100 Profit

Today we had 4 trades, 3 profitable and 1 losing position. The trades are detailed below. We ended the day with $100 Profit

4/20/11 Trade Results: $100 Profit

Today we had 4 trades, 3 profitable and 1 losing position. The trades are detailed below. We ended the day with $100 Profit

4/19/11 Final Trade Performance: $150 profit

Here is the chart from the afternoon session.

Ended the day with $150 profit. Both afternoon trades are shown on this chart.

4/19/11 Final Trade Performance: $150 profit

Here is the chart from the afternoon session.

Ended the day with $150 profit. Both afternoon trades are shown on this chart.

4/19/11 Trade Results: $105 in 45 minutes

We spent the past few weeks analyzing and testing our system and different facets of it. Here are the results from today's morning session since today was the first day back to live trading.

I will have a series of posts explaining the changes that we've made to improve our system. I will also discus reasons for the changes and news ideas that we have implemented.

Here is the chart detailing the trades from today and the $ results.

We traded for about 45 minutes and ended with $105 profit trading 1 contract of the NQ

4/19/11 Trade Results: $105 in 45 minutes

We spent the past few weeks analyzing and testing our system and different facets of it. Here are the results from today's morning session since today was the first day back to live trading.

I will have a series of posts explaining the changes that we've made to improve our system. I will also discus reasons for the changes and news ideas that we have implemented.

Here is the chart detailing the trades from today and the $ results.

We traded for about 45 minutes and ended with $105 profit trading 1 contract of the NQ