| RESULTS FOR DAY | |
|---|---|
| CL Contracts: | 3 |
| Net $P/L: | 197 |
| Wins: | 1 |
| Losses: | 2 |
| Win%: | 33 |
| Avg$Win: | 496 |
| Avg$Loss: | -150 |
9 hours ago
Monday, May 7, 2012
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). :)
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Unfortunately, most people like to witness car wrecks, but not be in one themselves.
ReplyDeleteMaybe your goal should be to trade so that you get zero unfavorable comments!
Congrats on the good day.
looking back 10 years ago on ET you will more comments on losing posting. This will never ever change.
ReplyDeleteOur P&L's are the exact opposite again!
ReplyDeleteIf you really want comments or at least blog hits - start postings things like you are going to go crazy and hurt yourself - that has worked well for me in the past - lol. You should drop by the chat room one day - the link is on my site.
ReplyDeleteIts funny how the tough questions go unanswered..:)
ReplyDeleteSo did you achieve today's results following your trading plan or something else.
With good intentions,
Another engineer with an MBA
Kevin, good idea! lol
ReplyDeletecory, I stopped regular reading ET years ago for that reason.
Michael! I didn't take your money, I swear! :)
denarii, I'm very low drama generally but I can see how that could work.
Unknown, all my trades since this post: For the rest of my trading career
have been part of the trading plan for that day. I've been doing a lot of testing of various systems so results have been all over the place.
fwiw: some of us here don't want to see any repeated trainwrecks... we want to see you win. You are not winning right now, you have not been winning for a long time. Part of that reason as evident on the charts you posted many times before were twofold: fighting market direction, cutting profits short and letting losses run.
ReplyDeleteBoth of those are 100% fatal tactics... along with averaging down - against = adding to losers. If you simply stick with an approach that follows price action bias, cuts losses short and lets winners run, you will win.
It's that simple. And that's my last input here, ever :)
austinp, did some one offend you, why the last input?
ReplyDeleteKevin, I never thought about it before, but I think your right about how people can't help but to slow down and watch the carnage in a car wreck.
As for the blogs I follow,MBA being one of them, I want all of them to succeed.
- Trin
Just to show that I still post my comment when MBA had profit, even though not a real comment . I'm a fan of transparent result ..:)
ReplyDeleteAustin, Trin and TST, thanks for support! Austin, you are welcome to comment here anytime just like everyone else. Unless you have better things to do. :)
ReplyDelete