After lots of homework and backtesting in the past few days, I decided I would start trading a new plan today with specific entry and exit rules and virtually no discretion involved. I say "virtually" because there will always be some scenario that I, and thus my rules, hadn't thought of. I have more backtesting to do before I feel 95% confident with this method (I would say 100% but anyone who says that isn't a realist, and I am). I'll elaborate more in future posts.
Anyways, today started bad with a $500 hit on crude. Then a nice $300 gain in beans, followed by the trade that made my head hurt (from kicking it repeatedly). Attached is the chart. I missed booking $900 thanks to not following my system. It was just laying there and I let somebody else have it. Back at it tomorrow....
Net breakdown: GCL -$229, ZS $307
| RESULTS FOR DAY | |
|---|---|
| Contracts: | 3 |
| Net $P/L: | 78 |
| Wins: | 2 |
| Losses: | 1 |
| Win%: | 67 |
| Avg$Win: | 297 |
| Avg$Loss: | -515 |
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