Traded much better today. Focused on not adding to losers, and waiting for trade setups. Much better profit to contract ratio today. Once I hit $500, I went into profit protection mode and switched to trading IWM and NQ instead of ER2(so my leverage was reduced and I could scale into trades without having to take as much heat).
NET P/L= $704 on 37c and 5,499 shares
I went short first on XOM in the AM because I saw relative weakness in the oil sector compared to the other sectors, however this trade wasn't smart in retrospect at the time, because NYSE A/D was above 3 and XOM was above VWMA. I should have looked for a long in financials or tech in the AM. I got a small profit on XOM in the AM by using good position sizing and then it wasn't until the afternoon (after the bond reaction to NBI) that I got a good short setup on ER2. After that I scaled back position size and scalped IWM and NQ. I didn't trade the last hour, as I normally try to avoid this time period even though it can be quite volatile.
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