Emini Trading Blog

Posts Tagged ‘“Bob Bright”’

Our more aggressive trader, “Bob Bright” has had a nice day trading the e-mini S&P, thus far. An aggressive entry on the buy-side before 10 a.m. (all times, EDT) was a nice trade, long from approximately 1001.00. As an aggressive trader, Bob entered with four contracts, despite the high price of his entry, relative to the day’s range at that time. With his personality, looking for the big move so he can “make some real money”, he took profits at +two points for a profit of $200. The remaining contract’s stops were moved to break-even (he is focusing on controlling his aggressive nature), which was reached. Frustrated because of the “small profit” (2% of 10,000 equity), Bob entered long on the pullback, buy filled near 1000.00.

He now feels compelled to make up for his last trade outcome, so he now trades six contracts. Using a three point stop, he risks over 10% of his account equity but, again is looking for the big move. Once price moved in his favor, he takes +two points profit on just one of his six contracts (a gain of $100). This time his aggressive trading personality works in his favor, as price rises to new highs. He looks to take profits near Monday’s high, which has been reached. However, he gets more aggressive thinking more is to be made. So, he takes profits at 1005.00 with only one of his remaining five contracts (gain of $200).

Hoping for more, he leaves his stop way back at break-even, risking unrealized profits. So far for the day however, the more aggressive trader type that we refer to as Bob Bright, has a realized profit of $500 and is still long four contracts from 1000.00. Things are looking great today for Bob and we will check in as this trade continues.