McInnis 03 said:
McInnis 03 said:
McInnis 03 said:
Big big miss on retail sales.......I bought this ES dip. (paper)
3 points, trimming a 1/3 position....stop to breakeven.
Cut another 1/3 position at 6.75 pts.....moving to trailing stop on a 5 pt trail for the last piece of the pie.
#AnatomyOfAFuturesTrade
I am LOVING futures stuff.
And it just got stopped out at a 3.75 pt gain from entry. Total transaction P/L with commissions, +$960 using /ES..............and looking now, it was a stop run that got me.......but for the purposes of this paper learning exercise I'm in a harvesting mode, not in the mode of yoloing the last piece. Many futures folks yolo that last contract by leaving the stop at entry.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3