Thursday, December 8, 2011

Today's spread trade: long gold/short euro

For those of you who have taken the habits of reading my posts, I apologize for not being able to publish during the last 2 days. I had to cope with a major tradestation computer breakdown. Now everything is finally back to normal with a brand new trading computer. Today, I did a spread trade buying gold and selling the euro simultaneously. I very rarely do spread trades but the opportunity was too tempting this morning and I couldn't resist. The outcome has been pretty good also, netting me roughly 30 ticks without taking too much risk really. Other than that, I did the usual t-notes and crude oil trades with pretty good results. But I wasn't able to get into any natgas trade today. Don't know why. I didn't feel it... and on top of that signals weren't very clear. Anyway, I had a pretty good day overall with a net result of +$1042 trading 1 contract (commissions included). Details below.

1 comment:

  1. It's really strange how your profit totals are so tightly range bound on something as volatile as the CL. At your ability level, even with 1 contract, I'd expect to see many $800+ days, esp. yesterday.

    But, if you're that stable day to day at lower amounts, the only way for you to make more money is to trade more contracts per position on a regular basis. It's got to be a mental / emotional barrier at this point in your career. I mean, you have the ability *right now* to trade 2-3 contracts per position all-in / all-out just as fluidly as you trade 1 contract presently and make 2x-3x your annual gains.

    You can do it!