.:The HSM Boys' Futures Thread:.

So I'm starting to trade the ES's.

For those of you who don't follow the futures markets, that is the root symbol for the S&P 500 e-mini contract, which is traded on the Chicago Mercantile Exchange.

Things have been going well w. options lately and I've been wanting to test the futures for some time! Most of my money has been made from the indexes...

So opened a demo account w. OpenEcry and gave it a try.

Watch me go!

Day 1:

nice scalping into the close, using limit orders to get a few bottom wicks. Made a couple'a'ticks.

At first was only trading one contract. But then, upon discovering that my demo was for $50,000, decided I will make 10 contracts my standard size.



Not going to leave any positions open overnight.

scalped 2 lots for 2 ticks for $50 tonight.

No losses so far (hope I don't jinx it )

yep.

That's why I, as most futures traders, don't plan to hold any contracts overnight.

I feel like this is forex, cause my trades are too fast. Too much scalping when I should be patient riding the trend!

With that said, my p/l ratio is very good, and I'm up about 2% on the portfolio without much leverage.

Been trading the YM's this morning.




and in edit, going to class here flat.

cool! nice!

Feel free to post as much as you want here Dood!

picked up $1500 on 20 sides from 12168 to 12175

back out for awhile.

Crap-O I'm down about 3k tonight trying to take these ES's on a bounce...just getting whipped around here and trying to make a situation....

Classic lesson in the game here...just evading my own logic.

Something about the futures makes me less patient than with stocks / options.

Discipline will grow...

nice amo!

tonight was trading YM's and ES's as well as the Yen for a bit...came back from some losses & ended the night at $500 under breakeven.

And that's fine with me.

Shouldn't have been trading on a Sunday night anyway. Just like Forex: It's a bad idea. Lesson learned.

nice trading amo