Thursday, September 7, 2017

Thurs. 9/07 -1.9%

1:45pm CDT - Well I knew it was risky to hold into CL inventory report and turns out my stop WAS too tight. 
Net breakdown (contracts traded):
CL -$198(2), 6E -$117(1)
RESULTS FOR DAY
Contracts:3
Net $P/L: -314
Wins: 0
Losses: 3
Win%:0
Avg$Win:0
Avg$Loss: -105
Posted by at

6 comments:

  1. JonSeptember 7, 2017 at 2:26 PM

    I don't mean to criticize you but if you "knew it was risky to hold into CL inventory report" why did you do it? Was it an attempt to quickly recoup the loss from the previous trade? If you had the urgency to try your luck (aka gamble) why not at least do it with reduced risk and a wider stop trading the mini crude (symbol QM).

    FYI, CL was tough today for me as well, I lost money on it (down 0.3%). However, I ended up positive and reached my daily goal due to other instruments (GC & ZB).

    ReplyDelete
    Replies
    1. MBAGearheadSeptember 12, 2017 at 8:50 AM

      Because it was in my plan. The reward could have been well worth the added risk with holding through a report. In this case, it didn't work out.

      Delete
  2. JumboBOBOSeptember 11, 2017 at 5:55 PM

    MBA loves to "trade the news". More like gambling the news. He likes to trade prior to crop report release, CL inventory, etc. As much as he talks about back testing, system trading. All I have seen is mostly discretionary.

    ReplyDelete
  3. AnonymousSeptember 13, 2017 at 9:21 AM

    And where can we go to see Jumbo and Jon's trades?

    ReplyDelete
  4. AnonymousSeptember 13, 2017 at 5:14 PM

    Seriously. Props to MBA Gearhead for posting all these years. He rules.

    ReplyDelete
  5. Jay JaySeptember 16, 2017 at 7:49 PM

    Hello MBA I added you to my blog list. Would like to ask you if you could include me to yours? Thank you Jay
    http://jaytrading101.blogspot.com

    ReplyDelete

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