CL -$723(57), GC $48(5)
| RESULTS FOR DAY | |
|---|---|
| Contracts: | 62 |
| Net $P/L: | -675 |
| Wins: | 28 |
| Losses: | 24 |
| Win%: | 54 |
| Avg$Win: | 40 |
| Avg$Loss: | -75 |
Wednesday, December 5, 2012
Wed. 12/05
11:30am CST - Done early after hitting my max loss I had set for the day. Final trade was nearly a big winner which would have ended the day >+$200 but it stopped out by 7 ticks instead. My quick scalping "experiment" is officially over. I had planned to go all week but after 4 days of too much work for little/no net gain, only my broker is happy. I did learn alot though and have more ideas to work on.
Net breakdown (contracts traded):
CL -$723(57), GC $48(5)
CL -$723(57), GC $48(5)
I tried scalping both with real money and paper. I also found that it requires too much time, effort and emotional capital for gains that did not justify the stress.
ReplyDeleteI know I can be prone to over-trading for a multitude of reasons. Scalping for me is like giving a recovering alcoholic a shot of tequila. You never know if it will end with just one shot or a night of binge drinking. lol
i hope you are able to develop some strategies based on this scalping experience.
ReplyDeletecompare with past loss history, this loss smells like winner.
ReplyDelete