| RESULTS FOR DAY | |
|---|---|
| Contracts: | 7 |
| Net $P/L: | 44 |
| Wins: | 2 |
| Losses: | 4 |
| Win%: | 33 |
| Avg$Win: | 84 |
| Avg$Loss: | -31 |
A daily chronicle of results of one retail futures trader trading my own accounts. I define myself as a day trader and generally swing for at least a few points most of the time. But I do make the occasional scalp for ticks too.
Tuesday, May 12, 2009
Catch 22
3:00pm CDT - Not bad considering the 4 losers were all in a row this morning. My only mild regret was taking a long trade off at 903.75 around 1:50pm CDT. Neither my 5 min. or 1 min. charts showed any bars with lower lows so the up trend was clearly in tact. This is something I always wrestle with - to let profits run or to take the money and run! Most times when I stay in, a pullback occurs and a trailing stop gets hit below where I would have exited. Such is trading... a never ending Catch 22!
Tell me about it...I was long from 900.50. Need to really work on my exit strategy
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