Friday, September 25, 2009

Overtrading

3:00pm CDT - Not happy again with my trading - this seems to be a recurring theme this week. Today I certainly overtraded. I need to revisit some charts this weekend.

RESULTS FOR DAY
Contracts:58
Net $P/L:249
Wins:11
Losses:6
Win%:65
Avg$Win:59
Avg$Loss:-67
Posted by at

4 comments:

  1. AnonymousSeptember 27, 2009 at 2:01 AM

    You should include gross P/L and/or commissions as well. It would be nice to see what % of your trading is eatin up in commissions.

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  2. kleenup2September 29, 2009 at 10:00 AM

    Always focus on the bottom line MBA...amateurs focus too much on commissions. The time to worry about commissions is when you are selecting your broker. Keep that net P/L in the green and all will be well. Looks like you did overtrade today and probably did some Martingale strategy today.

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  3. MBAGearheadSeptember 29, 2009 at 3:11 PM

    Thanks for comments. No plans to add more stats at this point. Kleenup, no Martingale for me lately (2007:yes) - but I do average into a full position with up to 2 entry points at times.

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  4. AnonymousSeptember 30, 2009 at 4:35 AM

    We really don't need to know the commissions, because he posts the Contracts traded. Assume each round turn costs $4;50 or so, 4.5 x 58 = $261. Gross P/L 261 + 249 = 510,, or half the profits went to commissions. I think you are over trading. Even if commissions were 25% of the gross, that is still a lot. Just something to think about. Martingale strategies placed on the fly = gambling and blowups.

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