January Trading Summary

Net breakdown (contracts traded):
6E -$662(13), ES $197(1), CL -$584(190), ZS $467(16)

RESULTS FOR JANUARY
Contracts:	220
Net $P/L:	-580
Wins:	44
Losses:	69
Win%:	39
$Commissions:	990
Avg$Win:	263
Avg$Loss:	-176

Mon. 1/30

2:05pm CST - Couple bean trades (discretionary) to kick off and likely end the week. Still working on system tweaks.

RESULTS FOR DAY
ZS Contracts:	16
Net $P/L:	467
Wins:	2
Losses:	2
Win%:	50
Avg$Win:	579
Avg$Loss:	-346

Wed. 1/25

2:05pm CST - Little was going my way again today and an order issue had me in trade limbo for awhile today. Back to the drawing board for me in the days ahead, or longer.

RESULTS FOR DAY
CL Contracts:	38
Net $P/L:	-1359
Wins:	3
Losses:	16
Win%:	16
Avg$Win:	418
Avg$Loss:	-163

Tues. 1/24

9:35am CST - Better...

RESULTS FOR DAY
CL Contracts:	10
Net $P/L:	616
Wins:	2
Losses:	3
Win%:	60
Avg$Win:	264
Avg$Loss:	-89

Mon. 1/23

1:35pm CST - All systems out of sync today.

Net Breakdown (contracts traded):
6E -$210(2), CL -$1451(16)

RESULTS FOR DAY
Contracts:	18
Net $P/L:	-1661
Wins:	2
Losses:	7
Win%:	22
Avg$Win:	87
Avg$Loss:	-262

Fri. 1/20

11:00am CST - Good day and good to meet the goal for week of average gain of $250/day. For the week, net gain of $1176.

Net Breakdown (contracts traded):
6E -$80(1), CL $584(8)

RESULTS FOR DAY
Contracts:	9
Net $P/L:	505
Wins:	2
Losses:	3
Win%:	40
Avg$Win:	361
Avg$Loss:	-72

Thurs. 1/19

1:25pm CST - Rough start but strong finish.

RESULTS FOR DAY
CL Contracts:	16
Net $P/L:	529
Wins:	4
Losses:	4
Win%:	50
Avg$Win:	346
Avg$Loss:	-214

Wed. 1/18

1:55pm CST - As rollover approaches, I found CL choppy today. Should have stopped after trade 13 when I got above water. Several stop outs within a tick could have made a big difference today if they had gone on to targets instead. But you can't live in the past so bring on tomorrow.

Net Breakdown (contracts traded):
6E $73(3), CL -$433(30)

RESULTS FOR DAY
Contracts:	33
Net $P/L:	-360
Wins:	8
Losses:	11
Win%:	42
Avg$Win:	206
Avg$Loss:	-182

Tues. 1/17

10:50am CST - A couple trades started the week on the right foot.

RESULTS FOR DAY
CL Contracts:	4
Net $P/L:	502
Wins:	2
Losses:	0
Win%:	100
Avg$Win:	251
Avg$Loss:	0

Fri. 1/13

1:10pm CST - Can I blame Friday the 13th? I didn't think so. For the week, net loss of -$211.

Net Breakdown (contracts traded):
6E -$444(4), CL -$1011(16)

RESULTS FOR DAY
Contracts:	20
Net $P/L:	-1455
Wins:	2
Losses:	10
Win%:	17
Avg$Win:	221
Avg$Loss:	-190

Thurs. 1/12

9:10am CST - Short day.

Net Breakdown (contracts traded):
6E -$130(1), CL $631(2)

RESULTS FOR DAY
Contracts:	3
Net $P/L:	501
Wins:	1
Losses:	1
Win%:	50
Avg$Win:	631
Avg$Loss:	-130

Wed. 1/11

11:15am CST - As usual, left lots on the table but isn't that the life of a scalper? Good day.

RESULTS FOR DAY
CL Contracts:	10
Net $P/L:	496
Wins:	3
Losses:	2
Win%:	60
Avg$Win:	171
Avg$Loss:	-9

Tues. 1/10

1:15pm CST - Could have been much better but an okay day.

Net Breakdown (contracts traded):
6E $128(2), CL $178(14)

RESULTS FOR DAY
Contracts:	16
Net $P/L:	306
Wins:	5
Losses:	4
Win%:	56
Avg$Win:	204
Avg$Loss:	-179

Mon. 1/09

2:05pm CST - Got off to a bad start but recovered. Thought I'd answer the comments from Friday here with the below chart. I do appreciate the feedback and suggestions. I know the arguments very well on the pros/cons of taking every trade vs. stopping trading after a certain dollar profit or loss is hit, whichever comes first. I used to be firmly in the "take every trade" camp and still mostly am. But I've wavered in my thinking over the past year or so and do see benefit to stopping for the day after being up a target profit amount. But limiting the downside to the same amount as the upside just doesn't work for me. Believing I have an edge in my approach, it make sense to continue trading if I have a few losers in a row. Today was a great example. If I had had a -$500 cutoff in place, I would have quit trading after trade 4 for a loss on the day of -$755. But believing in my trading, I continued trading and ended near even on the day. That's not to say I don't have a downside "uncle" point. But it is not any particular hard number I can live with and will vary based on how I feel each day. Perhaps this too will change someday.

RESULTS FOR DAY
CL Contracts:	20
Net $P/L:	-59
Wins:	4
Losses:	6
Win%:	40
Avg$Win:	179
Avg$Loss:	-129

Fri. 1/06

9:50am CST - Jumped back in the water today. At least for Jan., the plan is to quit for the day when up $300-400. Slow and steady. After all, averaging $250 a day will get me 100% return on the year. The real question is will I give back multiple days of gains in a single losing day as I did a lot in 2011?

Net Breakdown (contracts traded):
ES $197(1), CL $193(6)

RESULTS FOR DAY
Contracts:	7
Net $P/L:	391
Wins:	3
Losses:	1
Win%:	75
Avg$Win:	207
Avg$Loss:	-229

Testosterone

No trades yet for me in 2012. Hope to be back at it soon.
In the meantime, here's something else to worry about! LOL