Thursday, December 3, 2009

1 Step Forward, 2 (or 3) Back

1:30pm CST - Bad day started early with 4 losing trades on the Euro getting clipped for 10-12 pips each after the Brits' interest rate news. And bad ended with buying the afternoon high in Crude, 76.96 and stopping out at a break to downside of the 15-min. inside bar at 76.69. Should have reversed crude trade right there but I am at my loss limit for the day. I need my head examined. Comments off.

Net breakdown: 6E -$574, ZS -$20, GCL -$475
RESULTS FOR DAY
Contracts:35
Net $P/L:-1069
Wins:16
Losses:19
Win%:46
Avg$Win:71
Avg$Loss:-116