Monday, December 12, 2011

Started (finally) to trade 2 contracts at a time

Big stressing day today for me as I started trading TWO contracts at a time instead of just one on my intra-day trade signals. Well, it wasn't so bad after all except that at one point, on a crude long trade, I was down substantially and decided to double up on my position to average my entry price down. Risky and kind of a double edge sword but it turned out to be the right decision to make and that's all that matters. The rest of the day was pretty smooth as the markets started going nowhere (and slowly with that). Possibly already starting to anticipate the FOMC interest rate decision tomorrow. Speculation is going wild as to what the Fed will decide. QE or not? I don't think they will launch QE tomorrow but... we never know. All in all a relatively non-event trading day that ended up in the green. Net result +$584 trading 2 contracts (commissions included). Details below.

1 comment:

  1. Good luck! Careful on your R/R management