Monday, June 17, 2013

Mon. 6/17

3:20pm CDT - Tough watching a $700 winner turn into a loss. Them's the breaks when you don't trail stops.
RESULTS FOR DAY
TF Contracts:1
Net $P/L:-33
Wins:0
Losses:1
Win%:0
Avg$Win:0
Avg$Loss:-33
Posted by at

6 comments:

  1. AnonymousJune 17, 2013 at 3:42 PM

    if your strategy doesn't entail trail stops, then you get a chocolate today for following your strategy.

    For extra motivation on such days, I would say compare your last 2 years actual performance against your strategy. It will be easier to stick to your trading rules. Good Job once again!

    ReplyDelete
  2. SoullfireJune 17, 2013 at 6:18 PM

    After moving that much into positive territory, you should come out of that with at least breakeven. One simple mod - if you are $500 or more ahead (your choice), automatically reset your stop to at least positive breakeven if not a modest gain like $75 - $100. Will you sometimes trip it? Sure, but I'm sure you'll agree, seeing a nice profit turn into a big loss is a pain that's best avoided, and that mod will do it. =)

    ReplyDelete
  3. Kevin DaveyJune 17, 2013 at 8:05 PM

    Test and see what is best. Then go with that, unless it will be psychologically hard to follow.

    Most cannot trade a system that gives up big open profits, even if it is the more long run profitable thing to do.

    I have found it is a bit of a paradox: the optimum ($) way to trade is frequently the most psychologically difficult way to trade.

    ReplyDelete
  4. coryJune 17, 2013 at 8:50 PM

    if you trade 2 you can take 1 off right away so you only feel 1/2 as bad.

    ReplyDelete
  5. TSTJune 17, 2013 at 9:40 PM

    Its painful but its beTTer than watching a small loser turn into a bigger loser

    ReplyDelete
  6. MBAGearheadJune 18, 2013 at 3:58 PM

    Thanks all! See today's post.

    ReplyDelete

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