On another note, if I had traded my CL system the past 4 days, it would have grossed: +300, +400, -$750, -$900.
| RESULTS FOR DAY | |
|---|---|
| NQ Contracts: | 16 |
| Net $P/L: | -4142 |
| Wins: | 0 |
| Losses: | 3 |
| Win%: | 0 |
| Avg$Win: | 0 |
| Avg$Loss: | -1381 |
5 hours ago
Friday, June 8, 2012
Fri. 6/08
2:30pm CDT - Had an easy day planned testing a new system but got married to a short position and added to it thinking Obama talking would have a positive effect (on my NQ short). How many more days do I need like this to prove I need stick to my plan? None, thank you. Back on the wagon Monday...
On another note, if I had traded my CL system the past 4 days, it would have grossed: +300, +400, -$750, -$900.
On another note, if I had traded my CL system the past 4 days, it would have grossed: +300, +400, -$750, -$900.
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If I ever discover I had a twin brother separated at birth, you're defintely it. Although I'm not sure I could have posted that.
ReplyDeleteYup, full marks on honesty. Honesty doesn't matter worth a sh*t though.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteSorry about it. It hurts.
ReplyDelete--Judy
I'm a bit confused. As a system trader - don't you have built in stop loss triggers, which would prevent "marriage" to a position and resulting larger losses?
ReplyDeleteThis is a golden opportunity to learn something about yourself and, therefore, your trading. It's almost as if you're doing it on purpose on some level...IMHO this has more to do with your goals and desires and less to do with method (so it's probably not worth your time looking for "new systems").
ReplyDelete"added to it thinking Obama"
ReplyDelete...you were toast when you started thinking where price should go...trade what you see, not what you think. Easy to say, difficult to do.
All comes down to one solution. Automatic trading. Been there and love it
ReplyDeleteMisery loves company.
ReplyDeleteDeserve all the criticism and more. I am my harshest critic in reality. But what's done is done and I have moved on. The equity curve will take some time to follow...
ReplyDeleteMBA, it takes balls to admit these kinds of mistakes. I've made similar, dumb mistakes before. We all do.
ReplyDeleteOn the flip side, I really feel like you should go spend some time at a prop shop where there are others you can learn from. It sounds like you're sitting around at home tinkering with retirement money. Take 5k, sit around at a prop shop for two years, and if one of the guys who is making money is willing to mentor you, learn from him.
You live in the best area in the world for this.
-TC
TC, not a bad idea. I actually have a brief history with prop that I don't want to share here. But not sure if I could ever give up trading from home at this point.
ReplyDeleteIMHO, the one critical thing that's truly holding you back that you'll have to conquer is determining proper trend direction in the short,medium, and long time frames.
ReplyDeleteLooking at NQ on that Friday, the trend was decidedly up and continued that way the whole day. The down trend was broken through in the morning around the time of the cash open. That alone should have kept you from shorting unless you are a counter trend trader.
Once you master determining trends, the job gets so much easier just trading in the right direction.