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hedge project - updates
Scalping at open Wednesday 5/29/2024 05:19:00 PM GMT+03:00

Had a couple of short trades just before cash open and at very open.




Stopped out on a right direction Tuesday 5/28/2024 11:16:00 PM GMT+03:00

Here I go with a right entry but too tight stop on Micro Dow Minis. Entered after the first trading hour on breakout price going lower dragged by bearish imbalance below. However put stop wrongly below point of control for the time of trading and got stopped out. Right after that we had price action ranging at that level for a coupe of hours forming a new point of control there and afterwards price got breaking lower and lower.

Lessons to learn and my further entry and exit set ups to be:

Entry:

Exit: 

Take profit:


Trading Thursday 5/23/2024 08:40:00 AM GMT+03:00
Trading is endless learning and discipline. Consistency is the key.


Dow entries today Tuesday 5/21/2024 05:08:00 PM GMT+03:00

Here is the entry for today, following up price action from now on.

 Now after 30 mins or so of trading point of control moved to my entry level and price gravitating there. Still holding although price action not willing to go higher at this moment.




And in the end of the trading day, I can say that the market was too choppy, got stopped out with a loss. Looking forward to better trading days.

 




Thursday trades Thursday 5/16/2024 05:35:00 PM GMT+03:00

Entry on Dow break out at bullish imbalance. Already closed on exhaust.


And for the close or just before the cash close, I am showing the bigger picture. The trade's been closed too early and price had much more way to go up.

Another bad trade Wednesday 5/15/2024 05:10:00 PM GMT+03:00

I am continuing with consecutive bad trading day and wrong entries. 




Stopped on Dow long Tuesday 5/14/2024 05:18:00 PM GMT+03:00

 Just got stopped out..

and then revenge traded. 
Lessons to learn.



Patience and no overtrading Monday 5/13/2024 04:52:00 PM GMT+03:00

The hardest thing in trading is patience and reduce overtrading. As I messed on of the trendy days in Dow futures last week I got tempted to trade at very begging of market cash open.. 

Entered long on first move up and got stopped out. After that entered with a revenge trade on the short side. The result is one losing trade and another lose running. 

The revenge trade closed with some profit which is no good at all for my learning path as this would be a bad lesson giving impression that such trades work. 

So now I am at even for this month and starting from blank tomorrow. 




Choppy market Wednesday 5/08/2024 05:32:00 PM GMT+03:00

Entered long Dow on false breakout. The market is choppy as yesterday and I am out of the trade. 


And here is an example why one should have guts to hold the trade once entry made. 
And here we are two hours before closing. The price action pushing higher during the day.

Components of the Dow Jones 5/08/2024 01:24:00 AM GMT+03:00


Since I am trading Dow Jones Industrial index futures, here I am posting the companies which the index consits of. There are 30 companies included in the Dow Jones Industrial Average are listed below. The list is sorted by each component's weight in the index. The weight of each company is determined by the price of the stock. A $100 stock will be weighted more than a $30 stock. If a stock splits its corresponding weighting in the Dow Jones will be reduced as its price will be about half of what it was prior to the split. 

Weighting in the Dow Jones Industrial Average (DJIA) index refers to the method used to calculate the influence of each of the 30 component companies on the overall index value. Unlike other indexes such as the S&P 500, which uses market capitalization weighting, the DJIA is a price-weighted index.

Price Weighting: In the DJIA, each component's influence on the index is directly proportional to its price per share. This means that stocks with higher prices have a greater impact on the index's movements than those with lower prices, regardless of the company's market capitalization or size.
 

To calculate the DJIA, the prices of the 30 component stocks are added together and divided by a divisor. This divisor is adjusted periodically to account for stock splits, dividends, and other corporate actions that could affect the index's value.
 

Companies with higher stock prices, such as technology giants like Apple or financial firms like Goldman Sachs, have a more significant impact on the index's movements. Even if a company's market capitalization is smaller compared to others in the index, its high stock price can give it a larger weighting.
 

When a company undergoes a stock split (increasing the number of shares outstanding) or pays dividends, the divisor is adjusted to ensure that these corporate actions do not artificially affect the index's value. This adjustment maintains the continuity of the index over time.
 

One drawback of price weighting is that it can give disproportionate influence to companies with higher stock prices, potentially underrepresenting the broader market. Also, since there are only 30 companies in the DJIA, it may not provide as comprehensive a picture of the market compared to broader indexes.

Here we go:

# Company 		Symbol 	Weight
1  Unitedhealth Group Inc UNH 	8.357435
2  Goldman Sachs Group    GS 	7.500188
3  Microsoft Corp 	  MSFT 	6.990844
4  Home Depot Inc 	  HD 	5.786371
5  Caterpillar Inc 	  CAT 	5.783159
6  Amgen Inc 		  AMGN 	5.062673
7  Salesforce Inc 	  CRM 	4.659492
8  Visa Inc Cls A Shares  V 	4.609454
9  Mcdonald S Corp 	  MCD 	4.552484
10 American Express Co 	  AXP 	3.961321
11 Travelers Cos Inc 	  TRV 	3.649933
12 Honeywell Intrntl      HON 	3.296452
13 Jpmorgan Chase & Co 	  JPM 	3.245737
14 Amazon.com Inc 	  AMZN 	3.189951
15 Apple Inc 		  AAPL 	3.071786
16 Boeing Co 		  BA 	3.014985
17 Intl Business Machines IBM 	2.850332
18 Procter & Gamble Co 	  PG 	2.779838
19 Chevron Corp 	  CVX 	2.743662
20 Johnson & Johnson 	  JNJ 	2.511727
21 Merck & Co. Inc. 	  MRK 	2.156556
22 Walt Disney Co 	  DIS 	1.968911
23 3m Co 		  MMM 	1.632842
24 Nike Inc Cl B 	  NKE 	1.578240
25 Coca Cola Co 	  KO 	1.054019
26 Walmart Inc 		  WMT 	1.012095
27 Dow Inc 		  DOW 	0.969326
28 Cisco Systems Inc 	  CSCO 	0.796389
29 Verizon Communications VZ 	0.664869
30 Intel Corp 		  INTC 	0.523544

Starting May Tuesday 5/07/2024 05:07:00 PM GMT+03:00


Here we go with my first trades after a week-long vacation. 

Entering on Dow breakout higher at open. Currently, the trade is not in my favour. Let's see.

The market was too choppy and now continuation showed. So I closed and run away.

Fro there it continued, traded around point of control, choppy without establishing any clear trend for the day. No wave to ride. 

During the second part of the day, so called PM session, got dragged a little lower, broke low of the day but bounced again back to point of control. No clear entry for today. 

It's always been hard trading choppy days as today and feels okay leaving with a small profit or better to say at even. 

Here we go with the chart for the closing the day and trades shown below. That would be all for today. Looking forward to tomorrow's opening cash market of Dow. 


B/S    Qnty    Price    Contract Timestamp   
Buy    1    39089    MYMM4    05/07/2024 16:52:43     
Sell   1    39099    MYMM4    05/07/2024 17:55:41




My first bitcoins Friday 5/03/2024 02:45:00 PM GMT+03:00

Although‎ I've been fond of crypto idea as anonymous payment method and storage of money, I never had attempted making a crypto wallet and keep funds in crypto. I do like the idea of decentralization and no central institution controlling money supply or exchange betwen two counter parts.

So came this day, a couple of days ago, somebody tried to scam me on Telegram, first offering me $20 bucks of crypto to do some simple task over the Internet. I was aware of this scam scheme at very beginning and I did started playing with those guys. As to ensure me that they were serious, they sent me USDT20 to my Telegram Wallet. That's how I found that I have a wallet on Telegram and learnt how to use it. Afterwards they started asking me to invest ‎USDT80 with an instant return of USDT130. So I had to put my own $60 buscks to add up to their $20 and earn $130. At this point I cut off all communication with scammers and kept my $20 bucks. 

Now converted it in Bitcoin. A new Era has begun for me.



Last trading day for the month Tuesday 4/30/2024 04:56:00 PM GMT+03:00

 Entry here at break out price action going lower



And I am out at even as put trailing stop that got filled...

And this is the bigger picture for the close of the day and for a perspective. After initial rebound from low of the day, Dow hit the high of the day and went steadily lower through the whole day for more than 400 points.


Dow stopped out as for Monday Monday 4/29/2024 06:07:00 PM GMT+03:00

Got stopped out on my short today for a 20-buck loss. Now following the price action from the side lines..


Update at 17:15 GMT+3: Price action indeed ranging today just below the point of control and not seem to be dragged lower. All balanced at the moment.

Looking forward to trading day. Staying away for the moment.

Update 2 (30 mins before the close): Wow, what a roller coaster just before the close -- the whole am session and first half of pm session's been ranging and trading around the point of control, at some point price reach high of the day but never managed to break out. And two hours before the close it got violently pushed lower with a couple of bounces, broke below low of the day but didn't mange to go lower and got dragged back to balanced territory by point of control. 

No other trades initiated today and closing with a small loss which reminds and gives lesson always to put stop losses in place. 

This would be the chart for the close, showing the whole trading day.



Hack the planet Friday 4/26/2024 04:28:00 PM GMT+03:00

Heading for weekend. No trading for me today I guess. I guess I'd have a couple of beers. Cheers! Fight the system and stay out of the system. I'm still working for a corporate company but trying to get out of this grid. 

Hack the Planet!




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