May Trading Summary

Net breakdown (contracts traded):
CL $2702(200), TF -$238(3), ES -$30(2)

RESULTS FOR MAY
Contracts:	205
Net $P/L:	2434
Wins:	122
Losses:	79
Win%:	61
$Commissions:	901
Avg$Win:	105
Avg$Loss:	-131

Thurs. 5/31

2:45pm CDT - No edge in the action for me today.

RESULTS FOR DAY
CL Contracts:	16
Net $P/L:	-541
Wins:	9
Losses:	7
Win%:	56
Avg$Win:	96
Avg$Loss:	-200

Wed. 5/30

1:30pm CDT - Back to a more normal number of losers!

RESULTS FOR DAY
CL Contracts:	14
Net $P/L:	438
Wins:	8
Losses:	6
Win%:	57
Avg$Win:	96
Avg$Loss:	-55

Tues. 5/29

1:20pm CDT -

RESULTS FOR DAY
CL Contracts:	14
Net $P/L:	938
Wins:	13
Losses:	1
Win%:	93
Avg$Win:	96
Avg$Loss:	-304

OpenTrader.com

Most of my followers likely know about opentrader.com but if you don't you should check out this new site. I love the transparency it requires of all users and really hope that all mentors, gurus, educators, etc. (anyone selling anything to improve your trading) are eventually "forced" by the trading community to enlist with this site or similar.  Currently there are only a handful of brokers supported: Fidelity, Interactive Brokers, Velocity, FXCM, and Forex.com but I'm sure that list will grow.

It's tough for retail traders like me to benchmark their performance because so few share their actual results. James Meehan, who just did an open trader webinar the other day, has an impressive $350K gain over the past 1.5 years.  He swing trades and day trades and I downloaded and looked at just his day trading daily results to see what his curve looked like ($192K from day trades).  Looks like some big daily risks, and overall bigger reward.  For what it's worth, here it is:

Fri. 5/25

1:30pm CDT - 7 more in a row. This is crazy but I'm not complaining. Conditions are obviously perfect for my system the past 2 days.  And I actually had 8 in a row, but just like yesterday, I skipped the final half hour which had a winning signal. I am really going to enjoy this nice long 3-day weekend!  For the week, net gain of +$2771.

RESULTS FOR DAY
CL Contracts:	7
Net $P/L:	669
Wins:	7
Losses:	0
Win%:	100
Avg$Win:	96
Avg$Loss:	0

Thurs. 5/24

1:40pm CDT - 10 in a row!  Woohoo!  But I only got 9 because I didn't trade the final half hour and missed a short winner. Why tempt fate?  And before my head gets too big, I remind myself that this graph below NEVER occurred in my backtest period so it is an outlier of a day.  Better to be lucky...

RESULTS FOR DAY
CL Contracts:	9
Net $P/L:	860
Wins:	9
Losses:	0
Win%:	100
Avg$Win:	96
Avg$Loss:	0

Wed. 5/23

1:00pm CDT - 2 nice days in a row.  I passed on what ended up a quick 10 tick winner just as inventory report was coming out. I'm still torn about when/if I should pass on signals or quit early for the day.  But in general, I take all signals on my system.

RESULTS FOR DAY
CL Contracts:	14
Net $P/L:	618
Wins:	9
Losses:	5
Win%:	64
Avg$Win:	98
Avg$Loss:	-53

Tues. 5/22

1:40pm CDT - A nice day. I skipped the last half hour which, in hindsight, would have messed up the nice linearity of the equity curve avoiding 2 losses: -$50 and -$300.

RESULTS FOR DAY
CL Contracts:	8
Net $P/L:	614
Wins:	7
Losses:	1
Win%:	88
Avg$Win:	96
Avg$Loss:	-54

Mon. 5/21

2:00pm CDT -

RESULTS FOR DAY
CL Contracts:	9
Net $P/L:	10
Wins:	5
Losses:	4
Win%:	56
Avg$Win:	96
Avg$Loss:	-117

Fri. 5/18

1:40pm CDT - Okay day until a long signal at end of day fired off with full stop within 2 mins.  Perhaps rollover related; who knows?  For the week, net gain of +$198.  Onto the July contract next week!

RESULTS FOR DAY
CL Contracts:	7
Net $P/L:	9
Wins:	4
Losses:	3
Win%:	57
Avg$Win:	96
Avg$Loss:	-124

Thurs. 5/17

1:40pm CDT - Not enough winners today to offset 3 full stop outs.

RESULTS FOR DAY
CL Contracts:	12
Net $P/L:	-373
Wins:	7
Losses:	5
Win%:	58
Avg$Win:	96
Avg$Loss:	-208

Wed. 5/16

1:55pm CDT - Missed a +10 tick trade just before CL inventory report.  The early day straight line action was exactly what my strategy doesn't like.

RESULTS FOR DAY
CL Contracts:	14
Net $P/L:	-212
Wins:	7
Losses:	7
Win%:	50
Avg$Win:	96
Avg$Loss:	-126

Tues. 5/15

1:30pm CDT - Finally some full stop outs (two -30 ticks +slippage on one) with my system.

RESULTS FOR DAY
CL Contracts:	15
Net $P/L:	473
Wins:	12
Losses:	3
Win%:	80
Avg$Win:	96
Avg$Loss:	-225

Mon. 5/14

2:05pm CDT - I'll take it for a Monday...

RESULTS FOR DAY
CL Contracts:	11
Net $P/L:	301
Wins:	6
Losses:	5
Win%:	55
Avg$Win:	96
Avg$Loss:	-54

Fri. 5/11

1:45pm CDT - Another nice day.  This latest system (only 2 days of live trading) has 10 tick target, 30 tick stop loss and if price moves 15 ticks against position, target moves to a 5 tick loss.  No -$300 trades the past 2 days but they do happen in backtesting.  For the week, net gain of $302.

RESULTS FOR DAY
CL Contracts:	10
Net $P/L:	506
Wins:	7
Losses:	3
Win%:	70
Avg$Win:	96
Avg$Loss:	-54

Thurs. 5/10

1:45pm CDT - New system test today which I enjoyed trading much more than recent systems. Green will do that to you though.  Could have topped it off with another $400 if I hadn't quit at Noon since all signals were winners after that.

RESULTS FOR DAY
CL Contracts:	11
Net $P/L:	541
Wins:	8
Losses:	3
Win%:	73
Avg$Win:	92
Avg$Loss:	-64

Wed. 5/09

3:10pm CDT -

RESULTS FOR DAY
CL Contracts:	7
Net $P/L:	-181
Wins:	1
Losses:	6
Win%:	14
Avg$Win:	356
Avg$Loss:	-89

Tues. 5/08

1:00pm CDT - 5 losers in a row to end the day.

RESULTS FOR DAY
CL Contracts:	9
Net $P/L:	-760
Wins:	1
Losses:	8
Win%:	11
Avg$Win:	306
Avg$Loss:	-133

Mon. 5/07

1:30pm CDT - Interesting how when you lose more than what most people think you should, you get lots more comments on your blog posts.  Not sure if that's a good thing or not but at least I know my readers have opinions. Thanks for the feedback, some of which goes in one eye and out the other. ("in one ear and out the other" just doesn't fit since I'm reading. Maybe I should copyright this new idiom).  :)

RESULTS FOR DAY
CL Contracts:	3
Net $P/L:	197
Wins:	1
Losses:	2
Win%:	33
Avg$Win:	496
Avg$Loss:	-150

Fri. 5/04

10:35am CDT - No trades yesterday and today was just abysmal.  Starting with an ES short after payrolls numbers at 1387 and stopped out at breakeven with a tick slippage too.  It's now trading 19 pts. lower.  As for CL, I have no kind words...

Net Breakdown (contracts traded): ES -$30(2), CL -$1710(9)

RESULTS FOR DAY
Contracts:	11
Net $P/L:	-1740
Wins:	0
Losses:	8
Win%:	0
Avg$Win:	0
Avg$Loss:	-218

Wed. 5/02

1:00pm CDT - Not on the right side today for 2 attempts, both short.  Missed a great short entry on CL after inventory report by just 2 ticks.

RESULTS FOR DAY
TF Contracts:	3
Net $P/L:	-238
Wins:	0
Losses:	2
Win%:	0
Avg$Win:	0
Avg$Loss:	-119

Tues. 5/01

10:30am CDT - Testing resumes on CL. Got about 20% of the move up on a long.

RESULTS FOR DAY
CL Contracts:	1
Net $P/L:	306
Wins:	1
Losses:	0
Win%:	100
Avg$Win:	306
Avg$Loss:	0