Friday, November 6, 2009

Quit while I'm behind

11:00am CST - My Friday luck continues. 3 of the losers stopped out to within a tick and reversed to go my way without me to hit my targets. Such is trading. The good news is that I stuck to my plan, did not revenge trade to try to get it back, and shut it down for the day.

RESULTS FOR DAY
Contracts:8
Net $P/L:-558
Wins:1
Losses:7
Win%:13
Avg$Win:34
Avg$Loss:-84

3 comments:

  1. Here's a chart I posted last night with my plan/scenarios for the day: http://chart.ly/h7fpeg

    What type of nightly homework do you do to prepare for the next day?

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  2. Nice chart EMini - just read your blog posts too. I"ll have to see if eSignal has volume profile available. My "nightly homework" is really "morning homework" - plotting the daily pivots, closes of candles from earlier sessions, etc.

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  3. Don't worry we all have those trades where the market seems to know exactly where our stop or limit orders are only to reverse shortly after. Part of the experience I guess, but frustrates the hell out of me too.

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