The only good thing in all of this is that if I was being judged on execution of my trade plan it was truly a flawless week. Not one screw up. If only that correlated a bit more closely to trade outcome...
Trade Results:
2 Trades, 2 Losses
Gross P/L: $-200/per
Weekly Results:
Gross P/L: $-156.25/per
Net P/L After Commissions: $-188.95/per
Win/Loss: 0%
Win+Par/Loss: 67%
Profit Factor: .000
6 comments:
200 loss per that means ur stop loss is 10 ticks on the 6E?
Matt,
Thanks for your advise yesterday..
Matt, pls have a look at CL chart this past 5 days..
I have a 8 tick initial stop in the 6E.
8 ticks = 100.00/per.
just curious, do u double on the 6b since its 6.25 per tick?
No, I use 8 ticks in all markets. I don't mind this as i'm trading off of range charts so the risk of each trade becomes "normalized" by the constant range of each bar.
but lets your profit target is 8 ticks as well and for example there are 3 trades a day. so thats 24 ticks.
if all trade set ups appeared on the 6E u would have 300 while on the 6B only 150. won't it be better to trade 2 contracts on the 6B instead of one?
i don't mean double the 8 ticks i mean like doubling your position size sorry for the confusion
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