Friday, November 20, 2009

Weekly Update

Well first week back and I finally started coming into my own. I decided to trade only the first two hours (and Fridays till the first winning trade i.e. its 9:07 right now!). Frankly, its got more than enough opportunity for myself, it doesn't get me burnt out, and frees up time for me to do other things. I recently finished reading 4 Hour Work Week by Tim Ferris and it kind of put things into perspective for me. All work and no play makes Matt a dull boy.

I've mentioned this before here but i'm finally starting to do something about it. No more pooring over charts endlessly at night, during the day, trading for 18 hours at a time. It makes me a crabby bastard that no one wants to be around (including myself). Two hours, get in, get out, live life. If you are interested in reading the 4 Hour blog (its my favorite blog out there) check it out here:

In other news I really started pulling the trigger effectively and making some progress. I didn't knock it out of the park this week. That's due to 1)letting the bigger risk trades (that alone were worth +600.00/per this week) go and 2) being a pussy earlier in the week. But when it was all said in done I made more money this week than I have in 6 months? Maybe all year? Best thing yet? The stats.

18 Trades, 98.10 in commissions (YIKES!), 8 wins, 8 pars, 2 losses, -31.25 in negative slippage, an 88.89% win rate, and 12.26% account growth.

Next week i'm out of town in Missouri but i'm going to be trading from there (i think) or I may just take the week off for the holidays. Either way i'll update you.


M said...

Nice numbers Matt, congrats!

Thanksgiving week is always painfully slow, enjoy the time off.

Market Monkey said...

Yeah, I found that book interesting too.

More for inspiration rather than practical action plans though.

Although I might try the laying down in public part! lol