Futures :: Forex Trading

My Worst Day Trading The Emini

Today has probably been the most disappointing day since I started trading the hooks.
There were 4 good setups and I traded all 4. The market was dropping and I went short on all 4 and lost money on all 4 trades.

It almost does not seem possible that the market could drop so much and I could short it 4 times and lose money, but that's the drawback to using a one point stop. It almost doesn't matter what direction the market is going because your not really in the trades that long.

Anyway, I am going to stick to my system and continue to trade it and see how it's doing at the end of the month. But I am starting to think that waiting for a down day really does not matter with small stops. I obviously don't have an advantage. I have made 4 points on a flat day shorting the market.

It is all still very confusing to me how to make money with this market. Then it is also depressing some times too.

Wednesday, August 05, 2009