Net breakdown (contracts traded):
ZS $1014(24), GCL -$622(5)
ZS $1014(24), GCL -$622(5)
| RESULTS FOR DAY | |
|---|---|
| Contracts: | 29 |
| Net $P/L: | 392 |
| Wins: | 2 |
| Losses: | 2 |
| Win%: | 50 |
| Avg$Win: | 828 |
| Avg$Loss: | -632 |
1 hour ago
Wednesday, August 4, 2010
Wed. 8/04
2:00pm CDT - I prematurely entered a ZS trade before the signal confirmed so I exited fairly quickly for a tick or two gain. The signal ended up not confirming so that was the right thing to do, right? Of course it was. But if I had left it on, it would have been a nice $1500 trade. The market screws with our minds in every possible way it can think of, often times negatively reinforcing good smart decisions! At least the 2nd of the next two ZS trades worked out. And it is nice to break out of my drawdown I had been in since 7/23. Bottoms up!
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Every day she makes us learn something new about ourselves...what a wonderful thing this is!
ReplyDeleteGood point about following RULES gearhead (That's rules in all caps). Trading is truly an exercise in self-management with many traps set to see if we are capable of doing just that. The temptations to break RULES are common especially when we see that rule-breaking "trade" go for a good move. But having RULES also makes for some important black & white decisions that eliminate the mental distress from NOT having rules thus making us prone to impulsiveness. And we know how that often works out.
ReplyDeleteI've been observing your success. It looks like the ag contracts have gotten some decent momentum. My guess would be that, in the future, if your edge starts failing it'd be because the volatility died down.
ReplyDeleteTake a look at the wheat contracts. Quite the whirlwhind over there.