Wednesday, March 11, 2009

ES Trading - 11 Mar 09

Dear fellow traders :

Was taken out by -6 points just within 3 mins. When would I learn not to trade within that crazy 30 mins after market opened. I would keep to my max. 2 points loss for any position traded within this period. I know I could be whip-sawed out of my position quickly but at least I do not let it run to a 6 points (or more) loss.

Managed to recover +3 points later. Now had an open position which is still bleeding -7 points. What a day.


Tony Chai