Tuesday, April 7, 2015

Tues. 4/07

2:35pm CDT - Missing out after the first trade stopped out threw me out of balance. I've let a lot more discretion creep into my signals lately and I need to fix this.
RESULTS FOR DAY
CL Contracts:12
Net $P/L: 64
Wins: 6
Losses: 5
Win%:55
Avg$Win: 97
Avg$Loss: -104

In other news, a former trader remembers the CME futures pits.

3 comments:

  1. Are you scalping or swinging? If scalping, take the 10-15 ticks and run. If swinging, you just can't go to breakeven so soon, as much as it hurts.

    On the first trade you bought the breakout on a head fake, properly held through a probe lower that didn't take out the last swing low, were rewarded with a real breakout, but then went to breakeven before the breakout point was tested. That's basically asking to get taken out. I do the same thing all the time and it's bad for business.

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    Replies
    1. Yes and yes and I agree. It's been a case lately of being fooled by the noise which is most of what CL is.

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