Tuesday, 4 September 2007
Sep 4 $136 on 65c
Made a bad trade on DAX and had to scalp my way back to a positive P/L trading ER2. The reason I took a large loss on the DAX is because I don't like using stops on the DAX because of the lack of liquidity and the high chance of getting a bad fill and watching the position reverse my direction. Overall trading the DAX on a low volume day like today was a bad idea and I think I should just stick to ER2, YM and ES because I can use more reasonable stops when compared to the DAX.
P/L= $136 on 65c (avg. 3 tick profit on ER2 and a big 2 contract loser on the DAX)
The saying goes- NEVER SHORT A DULL MARKET
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