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.
Friday, August 20, 2010
Fri. 8/20
1:40pm CDT - Repeat of yesterday. This week kinda sucked.
Net breakdown (contracts traded): ZS -$1382(16)
RESULTS FOR DAY
Contracts:
16
Net $P/L:
-1382
Wins:
0
Losses:
2
Win%:
0
Avg$Win:
0
Avg$Loss:
-691
For the week, net was -$1410 in crude and -$4115 in beans.
One of the great advantages of daytrading is that the tide can turn on a dime. Next week may be the exact opposite of this week. This assumes of course we don't start doubting our system and shoot ourselves in the foot by trying to cherry-pick signals.
Your chart's slope looks about like my P&L for the week too. Slow summer churn.
Oh yeah and TradeStation was greatful enough to close my long Sept coffee contracts today 30 mins before the close, so I missed the 2 cent run-up into the EOD. I'm always diligent about not trading contracts in the delivery period, but in this case it was utter bullX*&h. The first notice period is not till Monday, and I would've closed the trade out before the end of the session any way. Does TradeStation care? Nope.
One of the great advantages of daytrading is that the tide can turn on a dime. Next week may be the exact opposite of this week. This assumes of course we don't start doubting our system and shoot ourselves in the foot by trying to cherry-pick signals.
ReplyDeleteYour chart's slope looks about like my P&L for the week too. Slow summer churn.
ReplyDeleteOh yeah and TradeStation was greatful enough to close my long Sept coffee contracts today 30 mins before the close, so I missed the 2 cent run-up into the EOD. I'm always diligent about not trading contracts in the delivery period, but in this case it was utter bullX*&h. The first notice period is not till Monday, and I would've closed the trade out before the end of the session any way. Does TradeStation care? Nope.
Sorry to be so long winded. Just venting.
YM - good point - thanks for reminder.
ReplyDeleteSpooz - that sucks about Tradestation!