12:00pm CDT - Mistakes on beans today cost me $1150. Funny how they tend to compound - once you make one mistake, it is much more likely you will make another. I nearly had a signal to short beans this morning but officially I didn’t. So what do I do? I enter a short order and promptly get stopped out just over a minute later with 1 tick slippage to boot! Clearly a breakdown in my recent flawless execution of my systems. So what do I do? I sit patiently and execute the next signal which is a long position. A+ for me, recovering from my F. But instead of letting it go to target (9.20), I take it off 2 cents earlier figuring it won't get there and seeing my bean P/L is now back at zero, I can negate the mistake I made earlier. But it doesn't work this way. Target was hit a couple minutes later without my limit order sitting there waiting. At least a 30 cent winner in crude made the day palatable....
Net breakdown (contracts traded):
ZS $13(12), GCL $591(2)
RESULTS FOR DAY |
Contracts: | 14 |
Net $P/L: | 604 |
Wins: | 2
|
Losses: | 1
|
Win%: | 67 |
Avg$Win: | 580
|
Avg$Loss: | -556
|
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