Tuesday, December 4, 2012

Tues. 12/04

2:45pm CST - Up early but was pushing for >$300 but never got there.  2 decent winners got me back above par, both scaled in 2-lots, first in CL, last one in GC.  Trading like this is certainly reminding me how efficient the markets are.
Net breakdown (contracts traded):
CL -$264(73), GC $287(3)
RESULTS FOR DAY
Contracts:76
Net $P/L:23
Wins:36
Losses:34
Win%:51
Avg$Win:43
Avg$Loss:-45
Posted by at

4 comments:

  1. AnonymousDecember 4, 2012 at 3:26 PM

    well, only thing that comes to mind is that you have gone nuts trying to scalp in an non-automated way while paying retail commissions.

    ReplyDelete
  2. coryDecember 4, 2012 at 8:34 PM

    maybe day trading is over for retail trader;
    'Using previously private data, Mr. Kirilenko’s team found that from August 2010 to August 2012, high-frequency trading firms were able to reliably capture profits by buying and selling futures contracts from several types of traditional investors.'
    http://www.nytimes.com/2012/12/04/business/high-speed-trades-hurt-investors-a-study-says.html?

    ReplyDelete
  3. AnonymousDecember 4, 2012 at 8:59 PM

    Cory interesting article, not sure if day trading is over for the retail trader, but I would agree that it has drastically changed.

    ReplyDelete
  4. MBAGearheadDecember 5, 2012 at 11:38 AM

    Thanks for link Cory. Good article!

    ReplyDelete

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