Net breakdown (contracts traded):
ZS -$1049(12), GCL -$819(11)
ZS -$1049(12), GCL -$819(11)
| RESULTS FOR DAY | |
|---|---|
| Contracts: | 23 |
| Net $P/L: | -1867 |
| Wins: | 2 |
| Losses: | 4 |
| Win%: | 33 |
| Avg$Win: | 391 |
| Avg$Loss: | -662 |
For the week, very rollercoastery! Net, I made $400 in crude and lost $220 in beans.
Posts
Wow, what a lousy week ! At what point does one start overriding his or her strategy and just trade with their intuition and instincts ? Systems and strategies seem only to work in the very short term i.e. high frequency arena.
ReplyDeleteMy biggest problem is adjusting my stops for the volatility....I really need to start measuring it better. Again, tight stops result in many, many small losses.
Yeah, I hear you, but what about stop loss placement ? What measure to you use ? ATR ? Average Range ? Tight stops really suck for sure....but then again, I've been taken out of a great trade by being "top-ticked" in the case of shorting the EUR/USD for instance. IOW, if my stop was just 1 tick higher, the trade would have gone onto be a huge winner.
ReplyDeleteI wish I knew the secret to stop placement. I get stopped out by a tick or two all the time only to see it go on to target, augh! Best to backtest your approach with various stop methods to see what performs best. (ie. fixed stop, fib levels, just outside recent S/R, ATR, trailing stop, etc.)
ReplyDelete