Net breakdown (contracts traded):
ZS -$236(24), ZW -$24(12), RLM -$29(10)
ZS -$236(24), ZW -$24(12), RLM -$29(10)
| RESULTS FOR DAY | |
|---|---|
| Contracts: | 46 |
| Net $P/L: | -289 |
| Wins: | 4 |
| Losses: | 7 |
| Win%: | 36 |
| Avg$Win: | 399 |
| Avg$Loss: | -269 |
For the week, net was -$4400 in beans, -$443 in corn, -$1030 in wheat, and $174 in mini-Russell.
I haven't updated my blog on ZS System performance curve since May. You may recall I stopped trading this specific system on 9/16/10 due to the drawdown being more than expected from backtest results. As spooztrader warned me, the P/L curve would likely bounce back up as soon as I quit and it has (after a bit of a rollercoaster ride)! Below is the proof:
On another note, here's what I was testing this week with 1-lots and moved to 5-lots today (1 winner, 1 loser today). I will continue trading this RLM system going forward and hope for similar results. It is a simple S/R system that enters on retraces and has a target and stop loss of 10 ticks each.
Posts
Lol, I've been trying to stay silent. Sometimes we've got to get run over a few times on our own before we learn. When you look back after a few years, and you've modified your strategies significantly every few months or so, and you still haven't made any money, you know it's time for a change. That was me a few years back. You realize it's not the system, it's the execution. Now sure some systems work better than others, but if you've got a workable system give it time. And the key is to have a system. There aren't many people suited to discretionary trading, and if they say they are a discretionary trader they still likely follow some kind of system whether they know it or not.
ReplyDeleteAnd like I stated back in Sept my own systems were in drawdown mode (and I would suspect a large # of other traders were facing similar circumstances with the choppy markets), but since then I've gained back more than 50% of the drawdown. It was a tough time period, but glad to have weathered it and looking forward to the next equity peak.
Come on and join the ride brother!
alert: "available beans sourced from Brazil in January, may be reduced by 75%"
ReplyDeleteSpooz, I'll join the ride once I find out where to get air in my tires.
ReplyDeleteThanks Cory - didn't see that but I don't really follow the news, just the action on the charts.