Thursday, May 10, 2012

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
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4 comments:

  1. TSTMay 10, 2012 at 8:45 PM

    Congrats MBA...yesterday when I saw that your smaller lost, I thought today you will turn to green Hulk. Hope you can sustain that beautiful color ;)

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  2. AnonymousMay 11, 2012 at 12:29 AM

    I had a question for you I've been meaning to ask for some time. Whenever you enter a trade by crossing the spread with a market order, how often does the trade actually turn right around and go directly against you right after you enter? And how often do you just get it right and have it go your way right when you remove the offer?

    -TC

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  3. MBAGearheadMay 11, 2012 at 1:51 PM

    Thanks TST.

    TC, hard to say but if I had to guess I'd say it's very nearly 50/50. If I had some mad programming skills and tons of tick data, I'm sure I could test systems that cut losses quickly if they go nearly instantly against my position after a fill. That's what you're getting at right?

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  4. AnonymousMay 12, 2012 at 12:08 PM

    No, just hinting that your execution should generally always move with the tape to improve success rate. If you enter a position and it goes against you right away, you've effectively entered a loser (in the short run). I get that your signals are longer term though, but even then, it's good practice to move with the tape and never in situations where the direction is ambiguous or there is no clear tape activity.

    AustinP was 100% correct about this.

    -TC

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