| RESULTS FOR DAY | |
|---|---|
| CL Contracts: | 3 |
| Net $P/L: | 319 |
| Wins: | 2 |
| Losses: | 0 |
| Win%: | 100 |
| Avg$Win: | 159 |
| Avg$Loss: | 0 |
In other news, hard to believe Black Monday was 28 years ago today. The DJIA lost 22.6% of it's value.
1 hour ago
Monday, October 19, 2015
Mon. 10/19
12:55pm CDT - New daily goal for now is $300 to give a bit more balance to the losing days. I've said in past I'd gladly have 4 days a week net out to zero gain if I can consistently win on the 5th day. The problem is it takes so long to prove consistency (many months or a year?) to have confidence to increase size/leverage. The journey goes on...
In other news, hard to believe Black Monday was 28 years ago today. The DJIA lost 22.6% of it's value.
In other news, hard to believe Black Monday was 28 years ago today. The DJIA lost 22.6% of it's value.
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built your believe/confidence take time but once you have it I don't think it takes much time to make it all back.
ReplyDeleteI know your stops look different than mine but I think looking for larger targets or at least a higher daily goal is an excellent metric to be striving for. For me, it's meant knowing I can typically get 50 ticks if I catch the market reversal correctly and trying for that. I've not gotten one yet but its on the horizon for sure. At least right now, I've made my targets 250% of the risk I take. That alone has helped quite a bit!. Keep it up.
ReplyDeleteThanks cory, I'm in no hurry to "make it all back." Take what the market will give.
ReplyDeleteAs for "catching the market reversals correctly," that my pandawarrior friend is the holy grail. Good luck!