Scalped 2.25 point last night.
Category Archives: Futures
ES
1.25 point last night. 1 point today. Mostly it’s done by auto-pilot, that is, the order was set up and run its course (stopped out or hit the target). No monitoring and no emotion either.
GE
Closed GE at loss. GE lowered projection for the Q4, which probably explained in hindsight why it didn’t move up much once it hit 31 (obviously people with inside information were unloading at 31 level therefore the resistence could not be broken) and original target of 32 was DOA. Using a scale in/out strategy would probably work better since we would book partial profits at 31 level.
ES
Scalped out a deficit of $200. Scalping worked better for me. Bot AMZN Nov 55 Puts.
ES Scalping …
Tonight, 4 round-trips (two longs and two shorts), all winners. Gained 2 point in 1.5 hours. ES moved back and forth between 996.25 and 995.
BTW, scaled out QQQ Oct 32 Puts opened a while ago. It’s a losing position, but this recent drop is definitely an opportunity to reduce the loss.