| RESULTS FOR DAY | |
|---|---|
| ES Contracts: | 8 |
| Net $P/L: | -997 |
| Wins: | 3 |
| Losses: | 5 |
| Win%: | 38 |
| Avg$Win: | 76 |
| Avg$Loss: | -245 |
1 hour ago
Wednesday, April 22, 2020
Wed. 4/22 -7.2%
2:40pm CDT - And just like that, I'm back to even on what was a good month. Lost confidence in system today for sure and will do more homework. Moving stops to BE was not beneficial today for sure.
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MBA, how familiar are you with option trading? Option trading allows you to limit your risk without having to use a discretionary stop, and the bang for the buck can go a long way. For example, $1000 "invested" into a option can easily return 50-200% without having to watch the position like a hawk.
ReplyDeleteAs you know, discretionary day-trading can lead to a lot of over trading and 2nd guessing stop placement and profit targets. Not to mention parting ways with a large % of vital trading capital.
Sorry for the rambling, hope 2020 is your best year!
Was a bit familiar back in the day when I passed my Series 7. Not so much lately. Perhaps I should add to my homework pile! Hope your 2020 is the best too!
DeleteIt was a very good 2 weeks, somewhere in there, a key to the kingdom.
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