Wednesday, April 22, 2020

Wed. 4/22 -7.2%

2:40pm CDT - And just like that, I'm back to even on what was a good month. Lost confidence in system today for sure and will do more homework.  Moving stops to BE was not beneficial today for sure.
RESULTS FOR DAY
ES Contracts:8
Net $P/L: -997
Wins: 3
Losses: 5
Win%:38
Avg$Win: 76
Avg$Loss: -245

3 comments:

  1. MBA, how familiar are you with option trading? Option trading allows you to limit your risk without having to use a discretionary stop, and the bang for the buck can go a long way. For example, $1000 "invested" into a option can easily return 50-200% without having to watch the position like a hawk.

    As you know, discretionary day-trading can lead to a lot of over trading and 2nd guessing stop placement and profit targets. Not to mention parting ways with a large % of vital trading capital.

    Sorry for the rambling, hope 2020 is your best year!

    ReplyDelete
    Replies
    1. Was a bit familiar back in the day when I passed my Series 7. Not so much lately. Perhaps I should add to my homework pile! Hope your 2020 is the best too!

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  2. It was a very good 2 weeks, somewhere in there, a key to the kingdom.

    ReplyDelete