November Trading Summary

Net breakdown:
ES -$2452, CL -$3205

RESULTS FOR NOVEMBER
Contracts:	376
Net $P/L:	-5657
Wins:	31
Losses:	58
Win%:	35
$Commissions:	1147
Avg$Win:	499
Avg$Loss:	-364

Wed. 11/30

2:05pm CST - So goes the day, so goes the month.

RESULTS FOR DAY
CL Contracts:	12
Net $P/L:	-2843
Wins:	0
Losses:	4
Win%:	0
Avg$Win:	0
Avg$Loss:	-711

Tues. 11/29

10:10am CST - Done early today. Technically, the 2nd trade should have been a loser because the target was 99.80 and it would have stopped out if I hadn't taken it off early. It's really not a good thing to get rewarded when you circumvent your system.

RESULTS FOR DAY
CL Contracts:	9
Net $P/L:	1460
Wins:	3
Losses:	0
Win%:	100
Avg$Win:	487
Avg$Loss:	0

Mon. 11/28

1:50pm CST - Developed a new CL system over the holiday break and started trading it today with 3 lots. Backtest period shows that it should have about 63% winners and avg. win equals the avg. loss.

RESULTS FOR DAY
CL Contracts:	18
Net $P/L:	-1220
Wins:	2
Losses:	4
Win%:	33
Avg$Win:	602
Avg$Loss:	-606

Wed. 11/23

11:50am CST - Traded after all with oil inventory report today. However I mostly just churned my way to nowhere. I need to work with charts a bit over the holiday break on taking fewer CL trades if I'm going to continue with oil. Happy Thanksgiving to all!

RESULTS FOR DAY
CL Contracts:	15
Net $P/L:	-7
Wins:	2
Losses:	7
Win%:	22
Avg$Win:	462
Avg$Loss:	-133

Tues. 11/22

2:20pm CST - Dug an early hole and quit after I filled it in on the final trade. May or may not trade tomorrow as I expect things to be pretty dead pre-holiday.

RESULTS FOR DAY
CL Contracts:	11
Net $P/L:	31
Wins:	1
Losses:	4
Win%:	20
Avg$Win:	1078
Avg$Loss:	-262

Mon. 11/21

2:55pm CST - Monday strikes again. Today's lesson, moving stops to BE too quickly on CL. I threw in the towel after 10 tries. I forgot how choppy she can be.

RESULTS FOR DAY
CL Contracts:	14
Net $P/L:	-832
Wins:	1
Losses:	9
Win%:	10
Avg$Win:	1
Avg$Loss:	-93

Fri. 11/18

10:00am CST - Tried something new today. My old buddy CL. And I'm quitting while I'm ahead. Rest of day scrolling through charts most likely. For the week, net loss of -$4541.

"The most important motive for work is pleasure in work, pleasure in its results, and the knowledge of the value of the result to the community."- Albert Einstein
Not sure how best to spin the last part but we do provide liquidity and once I make a $million+ I plan to significantly increase my contributions to charity. :)

RESULTS FOR DAY
CL Contracts:	10
Net $P/L:	206
Wins:	3
Losses:	4
Win%:	43
Avg$Win:	226
Avg$Loss:	-118

Thurs. 11/17

9:45am CST - I don't have it in me to fight back today. Back to the drawing board...

RESULTS FOR DAY
ES Contracts:	31
Net $P/L:	-2756
Wins:	0
Losses:	5
Win%:	0
Avg$Win:	0
Avg$Loss:	-551

Wed. 11/16

3:15pm CST - Not a good day but became bearable after a +6 pt. short during that late day free fall thanks to more Euro news.

RESULTS FOR DAY
ES Contracts:	72
Net $P/L:	-389
Wins:	3
Losses:	6
Win%:	33
Avg$Win:	1112
Avg$Loss:	-621

Tues. 11/15

2:15pm CST - Doesn't take much to improve from yesterday's performance.

RESULTS FOR DAY
ES Contracts:	24
Net $P/L:	1037
Wins:	2
Losses:	1
Win%:	67
Avg$Win:	829
Avg$Loss:	-621

Mon. 11/14

2:55pm CST - One of those days.

RESULTS FOR DAY
ES Contracts:	34
Net $P/L:	-2639
Wins:	0
Losses:	4
Win%:	0
Avg$Win:	0
Avg$Loss:	-660

Fri. 11/11

3:15pm CST - Shouldn't have wasted my time today sitting through Veterans Day action. Very muted. P/L went up and down a couple times and closed under water. Oh well. For the week, net gain of +$2295.

RESULTS FOR DAY
ES Contracts:	34
Net $P/L:	-214
Wins:	3
Losses:	3
Win%:	50
Avg$Win:	334
Avg$Loss:	-406

Thurs. 11/10

12:10pm CST - Two and done today.

RESULTS FOR DAY
ES Contracts:	12
Net $P/L:	794
Wins:	2
Losses:	0
Win%:	100
Avg$Win:	397
Avg$Loss:	0

Wed. 11/09

3:15pm CST - Lots of trades today. I decided after I was up ~$600 to trade only 1 or 2 lots. I may do more of that. Reduces the risk of giving it all back but allows continued trading when signals appear and the stars align.

RESULTS FOR DAY
ES Contracts:	42
Net $P/L:	715
Wins:	5
Losses:	4
Win%:	56
Avg$Win:	364
Avg$Loss:	-276

Tues. 11/08

3:00pm CST - Tough day... an early short had me up $500 but then the next long wouldn't fill me at my 2 pt. target even after trading my price, so I lowered my target a tick but I was too late and I stopped out at BE. Final trade got to half of target before stopping for a 1.5 pt. loss.

RESULTS FOR DAY
ES Contracts:	18
Net $P/L:	28
Wins:	1
Losses:	2
Win%:	33
Avg$Win:	509
Avg$Loss:	-240

Mon. 11/07

12:50pm CST - Tried out a new fading strategy today that I've been working on. So far, so good.

RESULTS FOR DAY
ES Contracts:	20
Net $P/L:	973
Wins:	3
Losses:	1
Win%:	75
Avg$Win:	330
Avg$Loss:	-16

Brokers (cont.)

"Call it the mother of all margin calls: Up to 50,000 former customers of bankrupt broker MF Global must find some $1 billion in additional collateral almost overnight, or be forced out of their trades." (Source)

Brokers

The MF Global debacle is sickening. I used to have an account there years ago. Glad I don't now! Heads should certainly roll if customer segregated funds were indeed "borrowed" by the firm. CME is to blame too since they should have caught this in an audit.

This data ranks all the FCMs by amount of customer funds as of August 2011. If MF Global did lose $700 million in client funds, as some have said, that's about 10% of the total. So hopefully clients get at least 90 cents on the dollar back. CME says they don't know how much is missing so this is all premature of course. But it is still sickening.

On a side note and interesting to me at least, is that my broker OpenECry's growth in customer funds (now at 81 million) has plateaued. (Source) Maybe being bought by OptionsExpress, which is now owned by Charles Schwab, has hurt growth or maybe it's just the economy?