Wednesday, May 9, 2012

Wed. 5/09

3:10pm CDT -
RESULTS FOR DAY
CL Contracts:7
Net $P/L:-181
Wins:1
Losses:6
Win%:14
Avg$Win:356
Avg$Loss:-89
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2 comments:

  1. SoullfireMay 10, 2012 at 1:52 AM

    Just a thought- looking at your prior results, your losses look unbalanced from your gains- meaning that one losing day can wipe out several winning days, but I don't see that in reverse with a large winning day making up for several down days.

    This tells me your methodology for taking profits isn't balanced with your strategy for cutting losses. I think you may have better success by working on equalizing them.

    For example, on a positive move, once prices have moved a certain amount, you readjust your stops to either BE or higher to prevent losses. You might consider doing that when the market moves against you by a certain amount, such as moving your target to something like a 50% retrace of the move which it may likely hit (still negative) rather than wait for it to hit the full stop value.

    Conversely, you could not readjust your position when it moves in your favor and just keep the original target.

    As it stands now, it appears you are limiting your gains while maximizing your losses. Equalizing your profit/loss limit methods should also make it easier to gauge your system trading strategy.

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  2. MBAGearheadMay 10, 2012 at 1:44 PM

    Thanks Soullfire for the analysis. I've had that same observation for awhile now. Correcting it "should" be easy but it hasn't been. Minimizing full stop outs is something that is on my priority list and has been incorporated into my latest system.

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