Thursday, March 31, 2011

Thurs. 3/31 - Tilt

2:30pm CDT - Abysmal describes this day well. I lost focus, discipline, and money. The USDA grain report pre-market shot grains up big at the open. Corn was limit up all day. So naturally I had a long bias and took a couple long trades outside my system in ZS with 4-6 cent stops. That’s 3-4 times my normal stop which I justified by the large candles today. Needless to say, both stopped out in addition to 2 system trades that stopped too. Enough excuses. This month has been atypical and is another detour on the long road toward progress. Time to reduce size and/or take a break as I figure out how to get back on the road. YTD net P/L, -$12543.

Net breakdown (contracts traded):
ZS -$6331(40), ZW $99(5), CL -$14(1)
RESULTS FOR DAY
Contracts:46
Net $P/L:-6247
Wins:1
Losses:5
Win%:17
Avg$Win:99
Avg$Loss:-1269
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5 comments:

  1. YM-TraderMarch 31, 2011 at 3:37 PM

    "...on the long road toward progress". Amen to that. It is a long road. And it is we who determine the outcome, not the market. The market is just a faceless thing that's neither for us or against us. It's just there, throwing out opportunities for anybody with resolve, and a plan, to catch them. But the market does weed out the tire kickers. For the ones with the resolve it really is something special to say "I'm a trader". Few people have the "right stuff"..but that's THEIR decision, not the market's. Give em' hell MBA.

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  2. AnonymousMarch 31, 2011 at 4:04 PM

    if you're a full time trader, how do you make a living? You must have other sources of income no?

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  3. AnonymousMarch 31, 2011 at 5:44 PM

    Yeah, what do you do and how much do you make and what is your favorite color and favorite song and do you have pets?

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  4. AnonymousMarch 31, 2011 at 7:21 PM

    sorry about your losses MBA...i hope people see how honest you are and i think you represent 90% of blogs out there its just you post LOSSES and WINNERS and most only post WINNERS!
    The Gurus wont even consistantly post their P/L, only when on a roll..

    P.S. You should try discritionary trading. Autamation is very tough.

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  5. Sith-TraderMarch 31, 2011 at 8:04 PM

    Hi MBA,

    Good luck for April :)

    ReplyDelete

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