Thursday, January 16, 2014

Thurs. 1/16

2:55pm CST - Nothing like buying mostly at the highs and selling mostly at the lows to chalk up a red day!  I did over trade a bit too so still have some discipline issues to work on among other things...
Net breakdown (contracts traded):
ZS -$219(8), NQ -$1714(45)
RESULTS FOR DAY
Contracts:53
Net $P/L: -1932
Wins: 1
Losses: 10
Win%:9
Avg$Win: 14
Avg$Loss: -195
R/R:0.1
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3 comments:

  1. coryJanuary 17, 2014 at 10:44 AM

    I believe one can't train to master multiple disciplines at the same time. Disciplines i.e. don't over trade, honor stop loss, quit at day max draw down, wait for entry no chase, Thus if you want to stop over trade then just train your self to take a max number of trades disregard of P and L or anything else. Only when you don't even think about going over set number of trades then you can move to the next discipline, one at a time, my 2c of course.

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  2. MBAGearheadJanuary 17, 2014 at 3:42 PM

    Thanks for idea. I've done that before (max number of trades/day) and may go back to it at some point. Generally, the more rules I have, the better I do at following my plan but at some point you are just system trading then with no discretion.

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  3. UnknownJanuary 23, 2014 at 8:07 AM

    @cory, it's not possible for my emotional iq level to include muliple disciplines at the same time.
    My method and sanity is based on a set number of trades/profit targets/max loss. i find when i start looking for more than my usual single or double, I will strike out.

    I promise that will be the end of my base ball references for 2014.

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