Tuesday, July 24, 2012
ES - 24 July, 2012
Yesterday I set up my IB account with a paper €100k starting balance (minimum required to trade margin securities).
Today was the first day of trading it.
During the day, I did not post any trades because:
- In the first half of the day, the market did not reach my hourly set-up. At this stage, my trading was pure scalping through the mood and the very short-term proportions at pre-lunch gyrations;
- Then, the market caught me by surprise, breaking before lunch to the downside, through various supports. I took a few counter-trend long trades along the way, with modest draw-downs, that I was able to average, based on my projections of potential extensions.
Average entry size was 5 e-mini contracts.
Realized P&L was €2,009.
I am carrying a 1ES long position overnight, because the early-week corrections have lately allowed a subsequent rise for the rest of the week.