Friday, January 6, 2017

Fri. 1/06 +0.0%

3:15pm CST - Roller coaster day but could have been stellar.  Spinning my wheels instead.  For the week, net -$396.
RESULTS FOR DAY
NQ Contracts:14
Net $P/L: 8
Wins: 3
Losses: 3
Win%:50
Avg$Win: 185
Avg$Loss: -183
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6 comments:

  1. TrinJanuary 7, 2017 at 1:02 PM

    MBA I took a similar long trade on the YM Friday, I committed to holding the position for at a minimum 20 min until I moved my stop for a breakeven stop, held from 10am to 12:30 until I moved my stop to capture more profit... eventually stopped out for a decent gain. Limiting number of trades per day may help trade on a longer time frame?

    ReplyDelete
    Replies
    1. MBAGearheadJanuary 7, 2017 at 2:32 PM

      Nice that you held for more than the 10 min. I did! My problem is in my head for sure.

      Delete
  2. Baby SunJanuary 7, 2017 at 11:11 PM

    I can hold the position for days or weeks. :-) I used to day trade back in 09. But I changed the job and I had no time eye-balling the market anymore. I changed to do swing trading. The result is better as times go by.

    ReplyDelete
  3. TrinJanuary 8, 2017 at 2:03 PM

    @ Babysun,

    In my experience, the more trades I take the worse my win %... swing trading may have to be a part of my strategy?

    ReplyDelete
  4. Baby SunJanuary 8, 2017 at 9:52 PM

    @Trin
    you need to try it out to see whether swing trading works for you. I have friends that can't hold positions overnight, especially those volatile future contracts. People are different.

    ReplyDelete
    Replies
    1. MBAGearheadJanuary 9, 2017 at 3:13 PM

      Maybe you could post a chart for us on occasion to show us how it's done BabySun. How much risk do you use, time holding trades, etc. Thanks for blogging!

      Delete

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