| RESULTS FOR DAY | |
|---|---|
| CL Contracts: | 47 |
| Net $P/L: | -999 |
| Wins: | 7 |
| Losses: | 10 |
| Win%: | 41 |
| Avg$Win: | 181 |
| Avg$Loss: | -226 |
Friday, December 16, 2011
Fri. 12/16
2:10pm CST - I felt like Homer Simpson today. More work to do as usual. There's a fuzzy line between giving trades a tight leash vs. giving them too much room. I've crossed that line a million times. If it weren't so fuzzy I would know which side to stay on. For the week, net loss -$898.
Looking at the charts, have you considered using trend line analysis with stops outside the boundaries? That would have captured almost the entire trading day move and also reduce the amount risked.
ReplyDeleteAgree with Soulfire above. You are acting like 'scared money' in the market. It is hard to come out ahead trading like this because there are no large wins to offset these smallish losses. You'll do much better if you take fewer trades and let them play out by keeping your stops outside the noise. It does take some intestinal fortitude to do it but, as you know, this is an emotional battle not an intellectual one. Good Luck!
ReplyDeletethanks all. never have had much luck with trend lines. too subjective for me.
ReplyDeleteas for scared money - all of our money is "scared" to some degree. but agree I do need to have larger wins!
did you take into account Friday was quadruple witching day?
ReplyDeleteI was aware of that Cory. The rollover to Feb. CL contract didn't help things either.
ReplyDelete