| RESULTS FOR DAY | |
|---|---|
| ZS Contracts: | 6 |
| Net $P/L: | 194 |
| Wins: | 1 |
| Losses: | 1 |
| Win%: | 50 |
| Avg$Win: | 679 |
| Avg$Loss: | -485 |
20 hours ago
Tuesday, January 15, 2013
Tues. 1/15
2:00pm CST - Big move up overnight and then a slow dead choppy drift down during the pit session.
I am happy to make it out positive after seeing my unrealized at -$1500 at its worst point today.
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Once we make profits, it is time to protect them. Money management is about the minimization of losses, and maximization of profits. To ensure that you don’t gamble away your hard-earned profits, to “cut your losses short, and let profits ride”, you should keep the bible of money management as the centerpiece of your trading library at all times.
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