Wednesday, September 15, 2010

Wed. 9/15

1:40pm CDT - Stopped on a ZS trade by 1 tick before target hit. My trades over past 20 sessions have a Win% of just 29%. This will not work for much longer. Either the market must change or I must!

Net breakdown (contracts traded):
ZS -$1282(16), GCL $11(2)
RESULTS FOR DAY
Contracts:18
Net $P/L:-1271
Wins:1
Losses:3
Win%:25
Avg$Win:166
Avg$Loss:-479
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3 comments:

  1. Sith-TraderSeptember 15, 2010 at 1:56 PM

    Saw the ZS today I can only bet u may have a hard time. Me too have a hard time. Not taking 40cents CL punish me to almost death. I give u CL setup, very crazy winning ratio at 20 cents. Good enough to recover your bruises.

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  2. YM-TraderSeptember 15, 2010 at 3:34 PM

    A lot of "experts" (in quotation marks because there are no experts in this business. There are only people with more experience than you or me) will say that we must adapt to the market. I'm not so sure. If your plan is based on S&R levels, which are always changing, then it may be all you need is a few small tweaks. It seems a lot of your trades end up not working for the smallest amounts of point movement...for example 1 tick today. Hmmm?

    ReplyDelete
  3. MBAGearheadSeptember 15, 2010 at 4:03 PM

    YM, systems work for awhile and then they don't (or slowly lose edge) when the market changes. Unfortunately my ZS system's edge is so slight, it does only take a tick or 2 many days to have a winning versus losing day. No easy solution to improve that so I continue to trade and monitor it and work on developing other systems. You miss 100% of the shots you never take!

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