Thursday, October 31, 2013

October Trading Summary

Net breakdown (contracts traded):
ZS $309(20), CL -$248(4), NQ -$6926(550), 6E $570(1)
RESULTS FOR OCTOBER
Contracts:575
Net $P/L:-6294
Wins:45
Losses:76
Win%:37
$Commissions:1567
Avg$Win:302
Avg$Loss:-261
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9 comments:

  1. AnonymousOctober 31, 2013 at 7:02 PM

    This is probobly the only Honest blog out there and as such this is reality. MBAGEARHEAD is also not trying to sell anything like most bloggers with "fake" coiled up
    Results and Disclaimers all over their blogs.

    In my 15+ years reading blogs,paying for trading rooms/gurus i have yet to see Proof
    that someone can make money daytrading from home.

    ReplyDelete
    Replies
    1. AnonymousOctober 31, 2013 at 10:42 PM

      Maybe we can make money by swing trading? Trend is not built up in one day.

      -Judy

      Delete
    2. MichaelNovember 1, 2013 at 6:59 AM

      Come to think of it... MBA is the only one I've seen (with proof) that had periods where he was making money. But surely there are home traders who make money, probably just not blogging about it. Let's hope! :)

      Delete
  2. coryNovember 1, 2013 at 9:51 AM

    >trying to sell anything like most bloggers with "fake" coiled up
    the key word is 'coiled' LOL! Some thoughts, MBA has moolah and NJ strategy to test out a system. So if you have a system but no money then it be a win-win situation to join force. I just wanted to put it out there.

    ReplyDelete
    Replies
    1. JMF3November 1, 2013 at 12:49 PM

      I assume this is in reference to Austin P?

      Delete
  3. James Edwards-MarcheNovember 1, 2013 at 10:24 AM

    It all depends on how we define "making money"- The absolute PnL up until this point in time? An arbitrary amount of consistency over an equally arbitrary period of time?? It could be said that MBA is still making money if we consider these last few years as a pullback in an upward equity trend...

    While reading through the first part of Don Miller's book, I was rather surprised to find out that he made no money trading futures over the four year period of 2001-2004. Zero. Then he fixed his cost structure (buying a seat plus haggling down the commission rate) and the rest is history). If you had looked at 2004, you'd say he was profitable....the opposite when looking at 2001.

    We can never know if a trader is "profitable" or not. We can only know if they WERE (when their trading has definitely come to an end, i.e after death).

    ReplyDelete
  4. MBAGearheadNovember 1, 2013 at 5:28 PM

    Good comments all, thanks.

    MarketMonkey that is interesting that Don Miller was not profitable for 4 year stretch.

    Cory, certainly anyone can have a "system" but does it produce profits is another thing entirely. I don't want to bash any "educators" that are on my blogroll but one certainly has to wonder why most of them don't show their personal results with account statements and equity curves (over years) on their websites. An upward sloping equity curve over time would be the ultimate marketing tool.

    ReplyDelete
  5. Attitude TraderNovember 21, 2013 at 4:10 PM

    Yes, kudos for your transparency and extraordinary consistency in posting. You are, without doubt, one of the cornerstones of the blogging/trading community.

    Thank you for that.

    -AT

    ReplyDelete

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