Trades on 3/9/2011

3/9/2011 Trade 1:

Trade Details:
Long 2 ES contracts at 1319.5
Stop loss 1.25 - 5 ticks- below entry price at 1318.25

Strategy:
If price reaches 1320.5 - 4 ticks - move the stop loss to BE + 1 tick.
Target 1: 1321.25 - 7 ticks - sell 1 contract and set stop loss to 1321.25
Target 2: 1324.25 - 19 ticks - set trailing stop of 5 ticks

Outcome: Stopped out at initial Stop Loss. No biggie.

Exit1-MFE efficiency: 0%
Exit 1- Risk efficiency: -100.00%
MAE: 1
Exit 1 price: 1318.25
Exit 1 Profit: -139

3/9/2011 Trade 2:

Trade Details:
Long 2 ES contracts at 1315.75
Stop loss 2.25 - 9 ticks- below entry price at 1313.5

Strategy:
If price reaches 1317.75 - 8 ticks - move the stop loss to BE + 1 tick.
Target 1: 1319.75 - 16 ticks - sell 1 contract and set stop loss to 1319.75
Target 2: 1325.75 - 40 ticks - set trailing stop of 5 ticks

Outcome:
I am a moron! I accidently put in the wrong order and got out of the trade for 1 contract. Then I did not know what to do with the other contract (lacking a plan!), I put a trailing stop, got stopped out, then saw ES advance 10-15 ticks AFTER TWO YEARS YOU WOULD THINK I CAN PUT IN AN ORDER CORRECTLY!!!!
I would be the idiot who puts a "B" instead of an "M" and causes the next flash crash....

Exit1-MFE efficiency: 100% (obviously this stat is incorrect because MFE was much higher, but the way my journal records it, this showed up. Once I adjust the stats for benchmark, this number will be fixed)
Exit 1- Risk efficiency: 50.00%
MAE: 9
Exit 1 price: 1318
Exit 1 Profit: 105.5

Exit 2-MFE efficiency: 55.56%
Exit 2- Risk efficiency: 27.78%
MAE: 9
Exit 2 price: 1317
Exit 2 Profit: 55.5