Tuesday, June 15, 2010

Ben Franklin

2:00pm CDT - 258 years ago today, Ben Franklin flew his kite in a lightning storm. To celebrate, I squeezed out 2 Ben Franklins which was nearly 7 before trading crude.


Net breakdown (contracts traded):
ZS $676(12), GCL -$468(4)
RESULTS FOR DAY
Contracts:16
Net $P/L:208
Wins:2
Losses:4
Win%:33
Avg$Win:451
Avg$Loss:-174
at

2 comments:

  1. M SimmsJune 16, 2010 at 6:58 AM

    I've often wondered why you don't set daily goals and/or thresholds ?
    For example:
    1) If you are up $1000 for the day, stop trading if you retrace to +$500. In other words, use a 50% retracement.
    2) If you are down $500 for the day, stop trading period.

    ReplyDelete
  2. MBAGearheadJune 16, 2010 at 1:35 PM

    It's never backtested well. But I do revisit that idea from time to time.

    ReplyDelete