Net breakdown (contracts traded):
ZS -$6331(40), ZW $99(5), CL -$14(1)
ZS -$6331(40), ZW $99(5), CL -$14(1)
| RESULTS FOR DAY | |
|---|---|
| Contracts: | 46 |
| Net $P/L: | -6247 |
| Wins: | 1 |
| Losses: | 5 |
| Win%: | 17 |
| Avg$Win: | 99 |
| Avg$Loss: | -1269 |
42 minutes ago
Thursday, March 31, 2011
Thurs. 3/31 - Tilt
2:30pm CDT - Abysmal describes this day well. I lost focus, discipline, and money. The USDA grain report pre-market shot grains up big at the open. Corn was limit up all day. So naturally I had a long bias and took a couple long trades outside my system in ZS with 4-6 cent stops. That’s 3-4 times my normal stop which I justified by the large candles today. Needless to say, both stopped out in addition to 2 system trades that stopped too. Enough excuses. This month has been atypical and is another detour on the long road toward progress. Time to reduce size and/or take a break as I figure out how to get back on the road. YTD net P/L, -$12543.
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"...on the long road toward progress". Amen to that. It is a long road. And it is we who determine the outcome, not the market. The market is just a faceless thing that's neither for us or against us. It's just there, throwing out opportunities for anybody with resolve, and a plan, to catch them. But the market does weed out the tire kickers. For the ones with the resolve it really is something special to say "I'm a trader". Few people have the "right stuff"..but that's THEIR decision, not the market's. Give em' hell MBA.
ReplyDeleteif you're a full time trader, how do you make a living? You must have other sources of income no?
ReplyDeleteYeah, what do you do and how much do you make and what is your favorite color and favorite song and do you have pets?
ReplyDeletesorry about your losses MBA...i hope people see how honest you are and i think you represent 90% of blogs out there its just you post LOSSES and WINNERS and most only post WINNERS!
ReplyDeleteThe Gurus wont even consistantly post their P/L, only when on a roll..
P.S. You should try discritionary trading. Autamation is very tough.
Hi MBA,
ReplyDeleteGood luck for April :)