Friday, April 30, 2010

All those Losses Catch Up

Its not as bad as it sounds, in fact I fared pretty well considering I couldn't do anything right this morning. Took two full stop outs in the YM and NQ and a bunch of pars in the other markets as I tried to gain some profitable traction to no avail. One loss I deserved as I was flat out wrong about price direction but the other actually was a low tick out which kind of seems to always sting a bit.

It just didn't come together as smoothly as the other days this week but this is all part of the game and is to be expected. The good news is that I really just need a few partials or a solid winner and i'm back up on the day. Unfortunately I only got one partial winner and it was in the NQ as well so I only netted +110 off the trade rather than +325 or something in some of the bigger pairs. But for the first time its nice to have a positive risk : reward trade potential so that even when things go wrong its not so difficult making it all better again.

As i'm writing this i'm short in the 6J and just peeled off my first contract at +9, and went to +3 on the second, so maybe this losing story might not turn out so bad after all. And oh wait it just filled at the secondary target for +14... so that's +325.00 in the bag and we are back up on the day!

Looking back over this FOUR DAY trading week (I was experimenting and refining Monday) the results are ASTOUNDING. They aren't just a bit better than anything i've traded before they are out of this world better than anything i've done before. On a per contract basis they absolutely blow out every single one of my results (sim and live) over the past two years in this blog.

Next week i'm pushing live with 2 lots on the smaller markets (NQ/YM/6B) and trading 1 lots in the larger markets to keep my $ risk 100.00 or less per trade. Wish me luck and check back to see how it goes in for real!

Trade Results (SIMULATION):
6 Trades, 2 Losses, 2 Wins, 2 Pars
Gross P/L: $265.00 or $132.50/per contract

Weekly Results (SIMULATION):
Gross P/L: $2123.75 or $1061.88/per contract


Anonymous said...

best of luck

Anonymous said...

Fan request: Maybe put a * front of sim results or something. Granted, it's your blog and it's not my place to tell you what to do, but you do have some loyal fans who want to see you succeed. :-)