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.
Monday, April 12, 2010
Mon.
1:30pm CDT - Another Monday, another bad start to the week. I may be rethinking my strats if this week ends in the red!
Net breakdown (contracts traded): ZS -$962(12), GCL -$523(3)
I assume that you've backtested your strategies. If so, are you anywhere near the max drawdown? Don't change anything haphazardly without a reason, otherwise you are just stuck running in a circle.
May I ask question? Your stop loss, is it based on account percentage or extreme of the bar? I think CL made funny moves these days. Hazardous Choppy, Noisy Trending. Wish you a good result later...
I assume that you've backtested your strategies. If so, are you anywhere near the max drawdown? Don't change anything haphazardly without a reason, otherwise you are just stuck running in a circle.
ReplyDeleteMay I ask question? Your stop loss, is it based on account percentage or extreme of the bar? I think CL made funny moves these days. Hazardous Choppy, Noisy Trending. Wish you a good result later...
ReplyDeleteSpooz, yes assumption is correct - no conclusions will be drawn on a whim and I'm nowhere near max. drawdown. Just expressing recent frustrations.
ReplyDeleteDe-Trader, my CL lot size is based on $risk but stop loss is based on price action. At least CL is moving - I'm glad I'm not trading ES!