| RESULTS FOR DAY | |
|---|---|
| Contracts: | 61 |
| Net $P/L: | -333 |
| Wins: | 14 |
| Losses: | 12 |
| Win%: | 54 |
| Avg$Win: | 94 |
| Avg$Loss: | -138 |
1 hour ago
Thursday, May 28, 2009
Escape from May
3:00pm CDT - Escaped a few major rapes but lost focus and put some questionable trades on that met criteria but got in by chasing the entry price. What a newb I am. Someday I will learn, I swear! It was a tough trading day with 4 or 6 major swings depending on how you define them. At this point, I don't look forward to reporting my May P/L tomorrow but am glad this month is nearly over.
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Hi,
ReplyDeleteI followed your blog for a while and got the conclusion your system doesn`t have an edge. It is a statistical game. Your % of wins/ loss is not high enough to overcome your low average win / average loss %. It is a fact. I found to be comfortable in scalping someone have to have 70-75% wins and at least .7-.8 aver. win/ aver. loss ratio.
Also, I noted you take a lot of contertrend signals. In that situation your winning rate should be even higher because av. win/av.loss usually lower.
traderB52
Hi B52, your conclusion is spot on, this month anyways, based on the info I have made available on this blog. But keep in mind that I am trading several strategies and results are comingled along with many discretionary trades this month that were my biggest losers. That I am fixing! Patience and discipline have been lacking...
ReplyDelete