Note: The chat log below represents the free chat room called #FuturesTrades that's hosted by TheStrategyLab.com and any one can use the chat room to post their trades. Simply, we do not know what trading methods are being used by some members while others are using methods we ourselves don't use.
Our primary job in the chat room is to moderate the room (keep the peace) and to ensure it's a spam free chat room. More information about #FuturesTrades @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm
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Session Start: Mon Jun 15 08:50:30 2009
Session Ident: #futurestrades
[08:50] * Now talking in #futurestrades
[08:50] <@X> [NihabaAshi] Announcement: The new trade posting script v3.7 (replaces v3.6) is posted at your forum in the "Announcements" thread.
[08:51] <Nesi> hi wrbtrader
[09:02] * codehead_afk is now known as codehead
[09:05] <@NihabaAshi> Good morning all
[09:13] <@X> #FuturesTrades Info -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade. 2009 chat logs stored @
viewforum.php?f=20 and chat logs prior to 2009 are stored @
http://www.thestrategylab.com/ArchivedPastTrades.htm. Also, do not mimic (shadow) trades of others without their permission.
[09:14] <silo> have a feeling the market is goign to start selling soon in the upcoming days
[09:14] <+silo> i will be ready to pick a few stocks to short
[09:29] <drt>
everyone
[09:29] <rickf>
[09:31] <LP>
[09:35] <@NihabaAshi> Talk of the town...IRAN
[09:35] <@NihabaAshi> Korea
[09:35] <+rickf> short the world
[09:36] <+rickf> iran doesnt scare me as much as NK does
[09:36] <@NihabaAshi> Yeah...unfortunately the overnight traders have already started doing that before we even got out of bed
[09:36] <kosmipt>
[09:38] <jbuch> morning all
[09:38] <+kosmipt> Shorts ES @ 928.75 «« simulator »»
[09:40] <+drt> s 28.50
[09:40] <+kosmipt> Covered all ES Short @ 928.50 --> + 0.25 «« simulator »»
[09:40] <+drt> es
[09:40] <+kosmipt> Long ES @ 928.50 «« simulator »»
[09:42] <+kosmipt> Exited all ES Long @ 927.50 --> - 1 «« simulator »»
[09:42] <+kosmipt> Long ES @ 928.50 «« simulator »»
[09:43] <@NihabaAshi> * News - Geithner Says Risks of Deeper Recession Are ‘Dramatically’ Lower @
http://www.bloomberg.com/apps/news?pid= ... ij55KSMWvM [09:44] <+kosmipt> Exited all ES Long @ 927.25 --> - 1.25 «« simulator »»
[09:44] <+drt> cs es 27.50
[09:45] <@NihabaAshi> Shorts ES @ 927.00 -> medium size
[09:45] <@NihabaAshi> 4 only
[09:45] <+kosmipt> Shorts ES @ 926.25 «« simulator »»
[09:45] <@NihabaAshi> I almost had that trade at 928.00
[09:46] <@NihabaAshi> got caught reading some breaking news
[09:47] <codehead> long 924.50 2c ES <paper>
[09:47] <+codehead> 6 tick stop
[09:48] <+codehead> doh, tapped i think...
[09:48] <@NihabaAshi> Covered 3/4 ES Short @ 923.75 --> + 3.25
[09:48] <+codehead> yes, stopped ES -1.50 <paper>
[09:49] <+LP> nice wrbtrader
[09:49] <+kosmipt> nice trade
[09:49] <+rickf> vn
[09:50] <@NihabaAshi> tightning trailing stop @ profit
[09:50] <PeterPanBoy> hi all
[09:50] <+PeterPanBoy> Long ES @ 924 «« paper »»
[09:50] <+kosmipt> wrbtrader proves once again that it's so important to trade right from the opening to catch some good volatility
[09:50] <@NihabaAshi> time of entries is critical too
[09:50] <+PeterPanBoy> Exited 1/3 ES Long @ 924 --> 0 «« paper »»
[09:51] <@NihabaAshi> I was already at a -1 point disadvantage on that trade upon entry due to the late entry (chasing)
[09:51] <+PeterPanBoy> Exited 1/3 ES Long @ 924.25 --> + 0.25 «« paper »»
[09:51] <+kosmipt> i also had a bad entry, but still looking for a follow trhu
[09:51] <+PeterPanBoy> Exited Remainder ES Long @ 924.25 --> + 0.25 «« paper »»
[09:51] <@NihabaAshi> In fact, my first trade of the day have been increasing as losers lately due to "chasing"....
[09:52] <@NihabaAshi> Lack of Discipline especially when volatility is flatlined or declining out of the gate
[09:53] * +rickf shot es 925.25
[09:53] <@NihabaAshi> Covered Remainder ES Short @ 925.00 --> + 2
[09:57] <+drt> s es 25.50
[09:58] <pdays> Shorts ES @ 925.5
[09:58] <+pdays> Covered all ES Short @ 926.5 --> - 1
[10:00] <+pdays> Long ES @ 926.25
[10:02] <+pdays> Exited all ES Long @ 927.0 --> + 0.75
[10:03] <@NihabaAshi> Shorts ES @ 926.50 -> small size
[10:03] <@NihabaAshi> 2 only
[10:03] <+jbuch> Shorts ES @ 926.5
[10:03] <+drt> cs es 26
[10:04] <+drt> l es 26
[10:05] <@NihabaAshi> Covered all ES Short @ 925.50 --> + 1
[10:06] <+rickf> out 925.25 b/e
[10:06] <@NihabaAshi> * News - Oil falls below $71 on ample supply
[10:06] <@NihabaAshi> Tensions surrounding Iran election fail to boost crude
[10:06] <@NihabaAshi>
http://www.marketwatch.com/story/oil-fu ... ple-supply[10:07] <+jbuch> Covered all ES Short @ 926 --> + 0.5
[10:11] <+rickf> dont forget this is quad-witch week
[10:13] <+rickf> FYI my paper ES JUL option 935/940 strangle position is up $2K this morning .. am just watching the dynamics of the position this month to see how it acts
[10:13] <+kosmipt> Covered all ES Short @ 926.25 --> 0 «« simulator »»
[10:13] <+drt> cl es 26.25
[10:13] <+rickf> short es 926 i ct
[10:15] <+rickf> out 924.75 +1.25
[10:18] <+jbuch> Long ES @ 924.5
[10:23] <+codehead> long ES 925.0 2c <paper>
[10:23] <+codehead> slightly late, was on phone
[10:24] <+codehead> exit half +1.00 <paper>
[10:25] <+jbuch> Exited all ES Long @ 925.25 --> + 0.75
[10:27] <@NihabaAshi> volatility low...market waiting for something to spark it again
[10:31] <+codehead> add 1c ES 923.25 <paper>
[10:33] <@NihabaAshi> support broken on rising volatility
[10:34] <+codehead> exit all 922.0 <paper>
[10:34] <+PeterPanBoy> woh..
[10:34] <+codehead> -1.25 and -3.00 <paper>
[10:34] <+PeterPanBoy> free falling
[10:34] <+codehead> gap may not fill today, target lower gap (918)
[10:36] <+Nesi> nice feel this morning... Silo
[10:37] <+Nesi> may bounce a bit here..imho
[10:39] <jigglyhippo> dropping hardcore
[10:40] <+codehead> long 2c ES 919.00 <paper>
[10:44] <+codehead> 918 is gap fill, though i need to remind myself what it is on s7p, prolly hit...
[10:47] <+rickf> back later
[10:51] <OICU812> GM
[10:53] <+codehead> exit half ES +2.25 <paper>
[10:53] <+drt> s es 20.25
[10:54] <+drt> corr s es 21
[11:00] <+drt> cs es 20.50
[11:12] <+Nesi> lets see if bounce a bit off 918
[11:16] <@X> #FuturesTrades Info -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade. 2009 chat logs stored @
viewforum.php?f=20 and chat logs prior to 2009 are stored @
http://www.thestrategylab.com/ArchivedPastTrades.htm. Also, do not mimic (shadow) trades of others without their permission.
[11:19] <+jbuch> Long ES @ 918.25
[11:20] <+OICU812> im having a hard time pulling the trigger on longs
[11:21] <+jbuch> Exited all ES Long @ 917.25 --> - 1
[11:22] <+OICU812> will give it a try long 917.00 1 point stop
[11:23] <+jbuch> Long ES @ 917.25
[11:23] <+codehead> exit -1.75 remainder ES <paper>
[11:24] <+codehead> long 2c ES 917.25 <paper> 915.75 stop
[11:25] <+OICU812> scaled 1/3 917.75
[11:25] <+OICU812> +.75
[11:28] <+OICU812> all out 917.25 +.25
[11:31] <+codehead> exit half ES +1.00 <paper>
[11:31] <+OICU812> hmmm i guess i should have held
[11:33] <+jbuch> Exited all ES Long @ 918.75 --> + 1.5
[11:40] <+OICU812> good one jbuch
[11:40] <+OICU812>
[11:41] <+OICU812> had more patience than I did
[11:46] <+jbuch> Hey OIC sorry went down to get some java, thanks
[11:47] <+codehead> exit remainder ES +2.00 <paper>
[11:48] <+OICU812> you drink coffee from java?
[11:49] <+jbuch> No I actually drink black tea it just sounds so wimpy.
[11:50] <+jbuch> get to jumpy with coffee
[11:50] <+OICU812> lol
[11:50] <+OICU812> black tea is good with milk
[11:51] <+jigglyhippo> then is it "black tea"
[11:51] <+jigglyhippo> lol
[11:51] <+OICU812> it is
[11:52] <+OICU812> its no reference to the color of what you drink but the type of leaf it is made from
[11:52] <+OICU812> and black tea is something commonly taken with milk in england
[11:52] <+jbuch> and I limit myself to 1 cup of caffienated tea usually and then rest of the time I drink a herbal coffe imitation
[11:52] <+jbuch> hows that for fu fu
[11:53] <+OICU812>
[11:53] <+jbuch> breakfast time BRB
[11:53] <+OICU812> i dont drink much coffee either
[11:53] <+jigglyhippo> yeah I've been to other parts where black tea is taken with milk
[11:54] <+OICU812> enjoy jbuch
[11:54] <+jigglyhippo> i personally prefer it that way
[11:54] <+OICU812> me too jigglyhippo
[11:54] <+OICU812> by the way, funny nickname
[11:57] <+codehead> long 1c ES 918.25 <paper>
[12:13] <+jigglyhippo> lol thanks
[12:36] <+jbuch> Long ES @ 918.25
[12:41] <+OICU812> short ES 919.25
[12:47] <+jbuch> Exited all ES Long @ 918.5 --> + 0.25
[12:48] <+OICU812> Scale out ES 918.25 +1.0
[12:50] <+jbuch> Long ES @ 918.25
[12:51] <+OICU812> dont like you on my other side jbuch
[12:51] <+jbuch> Exited 1/2 ES Long @ 919.25 --> + 1
[12:51] <+jbuch> same here w/ u
[12:52] <+OICU812> need to hit 17.5 again
[12:52] <+jigglyhippo> Long ES @ 918.50
[12:52] <+jigglyhippo> missed that entry
[12:52] <+jigglyhippo> jb - good entry
[12:53] <borisfen> Hi Nihabashi. Long time no see
[12:54] <+jbuch> Exited all ES Long @ 918.25 --> 0
[12:54] <+OICU812> there we go, got a fill on my second scale ES 17.5 +2.0
[12:54] <+OICU812> BE for the last 1/3
[12:54] <+OICU812> BE stop that is
[12:54] <+jbuch> must of got in lower cause that was a plus 1/4 exit.
[12:54] <+jbuch> getting fast and furious
[12:55] <+jigglyhippo> Exited all ES Long @ 918.75 --> + .25
[12:56] <+jigglyhippo> probably should have been a bit more patient
[12:59] <+OICU812> out BE on last 1/3
[12:59] <+OICU812> 919.5
[12:59] <+jigglyhippo> yup should have been more patient
[13:01] <+codehead> exit ES +.50 <paper>
[13:01] <+OICU812> i think it just went to get my stop
[13:02] <+OICU812> yes it just went to get my stop!!!!!!!!!!!!!!
[13:02] <+OICU812> hate it when that happens
[13:03] <+jigglyhippo> oh man
[13:03] <+OICU812> Next!!!
[13:05] <@NihabaAshi> * News - Stocks fall as dollar pushes oil, commodities down @
http://finance.yahoo.com/news/Stocks-fa ... 26717.html [13:05] <+codehead> long 1c ES 916.50<paper> 915.25 stop
[13:06] <@NihabaAshi> * 1pm est Economic Report - Home builders' sales expectations fade slightly @
http://www.marketwatch.com/story/home-b ... e-slightly [13:06] <Cj_> anybody trading natural gas?
[13:07] <@NihabaAshi> Not trading it but I do watch it every day...it's a barn burner today.
[13:07] <+OICU812> up or down NihabaAshi?
[13:07] <+codehead> exit ES +.75 <paper>
[13:07] <@NihabaAshi> Up big time
[13:07] <+OICU812> i dont have feed for that one
[13:08] <@NihabaAshi> I usually look at the Energies when I'm bored or trying to get a feel for the overall market
[13:09] <+PeterPanBoy> Shorts ES @ 917.25 «« testing »»
[13:10] <+PeterPanBoy> Covered all ES Short @ 917.75 --> - 0.5 «« testing »»
[13:10] <+Cj_> it could be turning point for Natural Gas
[13:11] <+Cj_> 8% last Thursday.. 8% today
[13:11] <@NihabaAshi> Was there big news today for NG (natural gas)
[13:12] <+Cj_> nothing
[13:12] <+PeterPanBoy> Long ES @ 918.25 «« testing »»
[13:12] <+PeterPanBoy> Exited 1/2 ES Long @ 918.5 --> + 0.25 «« testing »»
[13:12] <+PeterPanBoy> Exited Remainder ES Long @ 918.75 --> + 0.5 «« testing »»
[13:12] <+PeterPanBoy> maybe short again
[13:13] <@NihabaAshi> POCI812...if you don't have the feed for the NG futures...you can still look at the exchange traded fund UNG because it almost mimics the NG futures price action exactly
[13:13] <+Cj_> UNG is rolling
[13:13] <@NihabaAshi> Exactly
[13:13] <+Cj_> COT report on Friday shows that big specs are still bearish
[13:13] <+PeterPanBoy> Shorts ES @ 919 «« testing »»
[13:14] <@NihabaAshi> Here's a 2min chart of UNG...
[13:14] <@NihabaAshi>
http://charts.quote.com/cis/qc?cont=UNG ... (35,62,142)&bardensity=Medium&showvaluemarkers=false&showextendednames=true&showdatainheader=false
[13:14] <+PeterPanBoy> price stall wait for spike
[13:14] <+PeterPanBoy> fill it..
[13:15] <+PeterPanBoy> Covered 1/2 ES Short @ 918.75 --> + 0.25 «« testing »»
[13:15] <@NihabaAshi> Here's the daily chart of UNG to understand why today's big pop has caught the attention of many traders...
[13:15] <@NihabaAshi>
http://charts.quote.com/cis/qc?cont=UNG ... (35,62,142)&bardensity=Medium&showvaluemarkers=false&showextendednames=true&showdatainheader=false
[13:16] <@NihabaAshi> Simply, many think the bottom is in for Natural Gas
[13:16] <+PeterPanBoy> Covered Remainder ES Short @ 919 --> 0 «« testing »»
[13:16] <@NihabaAshi> could be
[13:16] <+OICU812> Short ES 919.25
[13:16] <+Cj_> I do think so
[13:16] <+Cj_> very similar chart for natural gas
[13:17] <+OICU812> ung is the symbol NihabaAshi?
[13:17] <@NihabaAshi> Yes...that's the exchange traded fund.
[13:17] <+OICU812> will check it out
[13:18] <@NihabaAshi> In contrast...the futures for natural gas is NG
[13:18] <+Cj_>
http://www.unitedstatesnaturalgasfund.com[13:18] <+PeterPanBoy> Shorts ES @ 918.75 «« testing »»
[13:18] <+PeterPanBoy> wait for down fill
[13:19] <+PeterPanBoy> Covered all ES Short @ 918.5 --> + 0.25 «« testing »»
[13:20] <+OICU812> scaled out ES 917.5 + 1.75
[13:20] <+OICU812> lets see if i get the rest to go to 916.00
[13:21] <+PeterPanBoy> see ya later ..
[13:21] <+codehead> long 1c ES 917.25 <paper> stop 915.25
[13:22] <@X> #FuturesTrades Info -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade. 2009 chat logs stored @
viewforum.php?f=20 and chat logs prior to 2009 are stored @
http://www.thestrategylab.com/ArchivedPastTrades.htm. Also, do not mimic (shadow) trades of others without their permission.
[13:24] <+OICU812> ok here comes the next leg down lets see if it makes it
[13:26] <+OICU812> Exited all 917.25 +2.00
[13:27] <+codehead> exit 1c ES -.25 <paper>
[13:27] <+OICU812> ooops too early
[13:27] <+jigglyhippo> there it goes
[13:28] <+jigglyhippo> nice call oic
[13:28] <+OICU812> yeah, but it looked like it wanted to turn
oh well
[13:28] <+OICU812> thanks
[13:33] <+jbuch> nice OIC
[13:34] <+OICU812> got out too early, thats the problem when its slow and momentum is hard to read
[13:34] <+PeterPanBoy> Long ES @ 915.75 «« testing »»
[13:34] <+PeterPanBoy> Exited all ES Long @ 916 --> + 0.25 «« testing »»
[13:42] <@NihabaAshi> FYI - 60min chart analysis : I have ES support between 912.25 - 901.00 and if it drops below that I see another support area 894.00 - 886.25
[13:43] <+Cj_> NG falling off the cliff
[13:44] * Looking up StockJock user info...
[13:47] <+OICU812> missed that long cause i was screwing around playing games
[13:47] <+jigglyhippo> what games?
[13:49] <+codehead> blew it, forgot i had .500 at 915.25
[13:53] <@NihabaAshi> PHLX Oil Service Index (OSX) trying to stablize
[13:54] <@NihabaAshi> If it moves higher...I'll try to hold any ES longs beyond their normal profit target
[13:59] <+codehead> ic spx didn't quite close gap yet
[14:04] <@NihabaAshi> things are trying to warm up a little
[14:06] <+OICU812> This is what I was playing jigglyhippo, something i use on slow times
https://www.yetisports.org/[14:06] <+jigglyhippo> oh man
[14:06] <+jigglyhippo> ive played yeti before
[14:06] <+jigglyhippo> throwing the penguin like super far
[14:06] <+jigglyhippo> hahaha
[14:06] <@NihabaAshi> Long ES @ 917.75 -> small size
[14:06] <+OICU812> exactly
[14:06] <@NihabaAshi> 1 only
[14:06] <+OICU812> penguin made me loose my entry
[14:06] <@NihabaAshi> intuition
[14:06] <+jbuch> Long ES @ 917.5
[14:07] <+jigglyhippo> lol
[14:07] <@NihabaAshi> no high hopes for this trade...just want a few ticks
[14:08] <@NihabaAshi> Exited ES Long @ 918.25 --> + 0.5
[14:08] <@NihabaAshi> I'm still bullish
[14:09] <@NihabaAshi> Hopefully an actual trade signal appears so that I can bump up my position size
[14:09] <+jbuch> Exited all ES Long @ 917.5 --> 0
[14:10] <@NihabaAshi> If nothing appears by 2:30pm est...I'll go take another break from trading and go cut the grass
[14:16] <drt> l es 17.25
[14:16] <@NihabaAshi> Eurex DAX and DJ Stoxx 50 looks more dead than the eminis
[14:17] <@NihabaAshi> weak support area being tested now in ES
[14:18] <+codehead> long 1c ES 916.50 <paper>
[14:19] <+codehead> exit ES 1c +1.00 <paper>
[14:19] <+drt> cl es 17.50
[14:20] <+jbuch> Long ES @ 917.5
[14:23] <@NihabaAshi> Long ES @ 917.50 -> small size
[14:23] <@NihabaAshi> 1 only
[14:24] <@NihabaAshi> intuition
[14:25] <@NihabaAshi> volatility declining fast...
[14:25] <ItalianSharp> alright guys, time to watch the soccer game USA VS ITALY
[14:25] <@NihabaAshi> expecting a volatility spike here soon.
[14:25] <+jigglyhippo> hey what network is that on/
[14:25] <@NihabaAshi> Hopefully it takes price up and not down
[14:26] <@NihabaAshi> tightning stop/loss
[14:28] <@NihabaAshi> Exited ES Long @ 918.75 --> + 1.25
[14:28] <@NihabaAshi> grass cutting time...be back later
[14:29] * NihabaAshi is now known as NihabaAshi_away
[14:29] <+jbuch> Exited all ES Long @ 918.75 --> + 1.25
[14:38] <+codehead> long 1c ES 917.00 <paper>
[14:41] <+codehead> exit 1c ES +.25 <paper>
[14:42] <+drt> l es 17
[14:43] <+codehead> long 1c ES 916.50 <paper>
[14:43] <+codehead> stop 914.75
[14:45] <+codehead> exit 1c ES -.50 <paper>
[14:49] <+drt> cl es 16.75
[14:52] <+codehead> long 1c ES 916.00 <paper> stop 914.75
[14:53] <+codehead> exit ES 1c -.50 <paper>
[14:53] <+codehead> spx looks like it'd going to try to lose support
[15:01] <+jbuch> what a battle
[15:04] <+jbuch> Long ES @ 916.25
[15:06] <+OICU812> it has been defenetly an interesting day
[15:06] <+OICU812> sometimes i forget i have mirc open, and forget to post my trades
[15:07] <+Nesi> did you get the script...OIC?
[15:07] <+OICU812> nope
[15:07] <+OICU812> havent sent any statements
[15:07] <+Nesi> if u want...later i can help you
[15:07] <+OICU812> sure
[15:07] <+OICU812> been typing them
[15:07] <+OICU812> hope my trades help someone
[15:07] <+Nesi> easier with the script
[15:08] <+Nesi> sure it will
[15:08] <+jigglyhippo> really? does it take less time/
[15:08] <+jigglyhippo>
[15:08] <+Nesi> yes
[15:08] <+Nesi> well.. takes few days to get used to it
[15:08] <+Nesi> like everything else
[15:08] <+jbuch> definetly faster w/ the script
[15:08] <+jigglyhippo> right right
[15:08] <+jigglyhippo> okay cool
[15:09] <+rickf> back
[15:09] <+rickf> and missed NOITHING i see
[15:09] <+jigglyhippo> lol
[15:10] <+Nesi> hoping for some spike here
[15:10] <+Nesi> not much ...above 920
[15:10] <+OICU812> i think a bottom might have finally set in
[15:11] <+jbuch> Exited all ES Long @ 918 --> + 1.75
[15:13] <+OICU812> nice one jbuch
[15:13] <+jbuch> thanks feels like a runeer after the last few hours
[15:14] <+Nesi> you are getting your goals lately..jbunch...nice
[15:14] <+jbuch>
)
[15:14] <+jbuch> in all fairness it is a pretty easy goal
[15:14] <+Nesi> decent goal...yes
[15:15] <+Nesi> now.. do the same with 50 contracts...
[15:15] <+jbuch> but if in a year or 2 I am doing 100 contracts then
[15:15] <+jbuch> yeah I lay awake at night think ing about it
[15:15] <+jigglyhippo> 100 contracts is a dream for me
[15:16] <+jigglyhippo> hopefully one day
[15:16] <PeterPanBoy> 100 contracts is not so EASY ...
[15:16] <+jigglyhippo> not at all
[15:17] <+jigglyhippo> thats some serious size to me
[15:17] <+PeterPanBoy> many forget the BIG amount in cash at broker to keep
[15:18] <+OICU812> when your doing 100 contracts, your perception of money has changed. It is a lot from where you might stand today, but when you get there, wont be much.
[15:18] <+OICU812> and in percentages at the end of the day, it would be very similar
[15:19] <+jbuch> I have basically quadrupled how much I was swinging 2 weeks ago and haven't had any fear issues I wanna keep adding about 1 contract a month until I run into a fear factor
[15:19] <+LP> will not get the same fills
[15:19] <+PeterPanBoy> joking???
[15:19] <+jbuch> my thoughts exactly OIC
[15:20] <+jigglyhippo> yeah i agree with you too oic
[15:20] <+PeterPanBoy> take care REAL money is not a GAME ...
[15:21] <+jbuch> When I first started I was swinging the eqivilant of 20 es contracts in sso and sds without any fear
[15:21] <+jbuch> screwed that up though
[15:22] <+Nesi> how long have you been trading , if i may ask, jbuch
[15:22] <+jbuch> full time only a little over a year
[15:22] <+Nesi> if anyone needs help with the script.. let me know..i may help
[15:22] <+Nesi> that is not much.. and you doing pretty well
[15:23] <+jbuch> thanks
[15:23] <+OICU812> jbuch, in my experience you should add with profits not time. That way you are covered psychologically cause you know you have the money for it and also you will only grow as your skill grows.
[15:23] <+jbuch> have been devoting most of life to it for about the last 2 years
[15:23] <+Nesi> only futures or also stocks?
[15:23] <+jbuch> yeah I plan on doing that OIC
[15:23] <+PeterPanBoy> jbuch 20 ES is about 1 milion
[15:24] <+jbuch> to be precice every 30 points that I make I am adding another
[15:24] <+OICU812> dont think in terms of money PeterPanBoy, percentages work better
[15:25] <+PeterPanBoy> NO OIC and who trade and manage size knows...
[15:25] <+OICU812> every tick with 20 ES is about 250 dollars, that makes 1 k a point
[15:25] <+jigglyhippo> yeah but the only prob with percentages is its a bit skewed...law of small numbers
[15:25] <@X> #FuturesTrades Info -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade. 2009 chat logs stored @
viewforum.php?f=20 and chat logs prior to 2009 are stored @
http://www.thestrategylab.com/ArchivedPastTrades.htm. Also, do not mimic (shadow) trades of others without their permission.
[15:25] <+OICU812> what is easier for you to swallow, you lost half a percent or half a million dollars?
[15:25] <+jigglyhippo> but yeah overall looking in term of percentages is a better way to percive it
[15:25] <+jbuch> I never really look at margins but wouldn't 20 es be about 75000
[15:26] <+OICU812> even if that half a percent is equal to half a million dollars
[15:26] <+Nesi> that is intraday...jbuch
[15:26] <+OICU812> emotions sink in
[15:27] <+kosmipt> Long ES @ 918.50 «« simulator »»
[15:28] <TraderG> initial margin @IB for 20 ES conts is 56K
[15:29] <+TraderG> I think @Global Futures it is only 10K but I don't know how safe is your money there
[15:29] <+PeterPanBoy> My final conclusion IS I know in pergentages and relative is same
[15:29] <+PeterPanBoy> but in absolute matter..
[15:30] <+rickf> OEC is $800 or so intraday
[15:31] <+PeterPanBoy> too low margin is a dangerous thing...
[15:31] <+rickf> agree
[15:31] <+rickf> attracts newbies
[15:31] <+Nesi> 843.75 rickf
[15:31] <+jbuch> most definetly
[15:31] <+kosmipt> most discount brokers will offer $400-500 ES margin
[15:31] <+PeterPanBoy> good to have but better not to use
[15:31] <+rickf> think thy can run 20 cars on 10K is AWESOME
[15:31] <+rickf> then blow acct up in a week or less
[15:31] <+Nesi> 5625.00 initial margin
[15:32] <+kosmipt> Long ES @ 919 -> Add «« simulator »»
[15:32] <+PeterPanBoy> for me when I trade 10 ES for examp. I consider I trade 500K $ not less
[15:32] <+jbuch> tradestation is about 5,000 per contract I think I don't even like that much leverage
[15:33] <+PeterPanBoy> and have a risk of that kind
[15:34] <+PeterPanBoy> but everyone is different so can decide for himself but..do not come later to cry...
[15:35] <+rickf> PPB - exactly
[15:35] <+TraderG> the numbers that i quoted mean a 16:1 margin ratio. compare that with FX @ 100 and even 400:1
[15:36] <+LP> market was open for 15min on 911, then closed for a week, don't think i would make it holding 100c
[15:37] <+LP> anything can happen at anytime
[15:37] <+Nesi> some mojo going on
[15:37] <+TraderG> but 400:1 is suicidal
[15:40] <+jbuch> this looks like a realy powerfull move until u look at the whole day
[15:40] <+kosmipt> Exited 1/2 ES Long @ 918.75 --> - 0.25 «« simulator »»
[15:41] <+LP> need to trade some OJ or Hoggs when you can get locked limit up or down on the open, fun fun
[15:41] <+kosmipt> Exited Remainder ES Long @ 919 --> + 0.5 «« simulator »»
[15:42] <+rickf> uhhh no
[15:42] <+rickf> thanks
[15:42] <+LP>
[15:42] <+rickf> you trade and get trapped, i'll stand and watch
[15:42] <+rickf>
[15:42] <+LP> hehehe
[15:42] <+rickf> friend has a saying - he won't trade anything that eats while he
s
[15:42] <+jbuch> lol
[15:43] <+rickf> some of those futs have next to no liquidity too
[15:43] <+rickf> nice to swing trade maybe
[15:43] <+OICU812> i cant trade without liquidity
[15:43] <+OICU812> that really scares me
[15:43] <+jigglyhippo> no liq = boring =/
[15:44] <+rickf> yeah
[15:46] <+OICU812> imagine a big move against you with no liquidity
[15:46] <+OICU812> hitting the button and waiting who knows how long to get filled
[15:52] <+OICU812> ok i guess this is it for me today
[15:52] <+OICU812> hope you guys had a good day
[15:52] <+jigglyhippo> later OIC
[15:53] <+jbuch> cya OIC
[15:56] <+PeterPanBoy> ok I go .. take care all see next time
[15:56] <+PeterPanBoy> bye
[15:57] <+jbuch> cya PPB
[15:57] <+jigglyhippo> bye ppb
[15:57] <+PeterPanBoy> Bye all
[15:57] <+jigglyhippo> have a good day jb?
[15:59] <+jbuch> JH r u asking if I had a good day?
[15:59] <+jigglyhippo> yup
[16:00] <+jigglyhippo> ding ding ding
[16:00] <+jbuch> alright, didn't catch much of the down move but
[16:00] <+jbuch> DANG didn't even realize that the day was done
[16:00] <+jbuch> how did u do JH
[16:01] <+jigglyhippo> missed the down move too but not bad had 5 trades all winners
[16:01] <+jigglyhippo> nothing crazy though highest was a +1.25
[16:02] <+jbuch> tight range other than the open
[16:04] <+jigglyhippo> yup
[16:04] <+jigglyhippo> you had some nice trades
[16:05] <+jbuch> thanks
[16:05] <+jigglyhippo> alright jb i think ill call it a day, have a good night
[16:05] <+jigglyhippo> see you tomorrow
[16:05] <+jbuch> cya
[16:05] <+jbuch> same here have a good night all
[16:05] <+Nesi> good night all
[17:31] <@X> #FuturesTrades Info -> Members use this room to document (trade journal) their trades and thoughts from one trade to the next trade. 2009 chat logs stored @
viewforum.php?f=20 and chat logs prior to 2009 are stored @
http://www.thestrategylab.com/ArchivedPastTrades.htm. Also, do not mimic (shadow) trades of others without their permission.
Session Close: Mon Jun 15 20:01:20 2009
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