firewalker

Hi jason, have you thought of only trading the long side for a period of time? What would your results be if you only took long trades? Probably a whole lot less trades and less losses. It would help get you more profits in, while you try to determine the cause of the problem with the short trades. There's no rule that says you must do both. If, for some reason, almost 2 out of 3 of your shorts are losses (like in your stats), I'd say why continue taking those trades? Unless the numbers you gave were only from a short batch and not representative for the overall performance of a short trade. Also, you have 84 short trades but only 58 long ones (this is without the breakeven trades as you didn't make the distinction there whether is was a long or short position). So basically, I'd say you're shooting yourself in the foot,... Also, given the fact that only 35% of your short trades are winners, you could try to determine a closer stop. Because the majority are losers anyhow, why risk more if you can set a tighter stop? That requires some testing and analyzing from the profitable short trades obviously. Good luck!

I think not having fixed targets is very sensible, as the market is dynamic and static targets are irrelevant as far as the market is concerned. The second item you mention seems less "good practice" though... you mean you trade more/less aggressively ("loose"?) after a string of winners?

I think you'll find that wasp doesn't give a **** about fundamentals

other half out breakeven...

exit half at 1857 for +11

Well I wouldn't pay much attention to what I'm doing lately. My win rate has gone downhill :\

how do you mean Phil?

NQ short 1868.

out 1855 = -2

NQ short 1853.

half out at 1862 = +11

ey, your thread is dying out. Give us a live trade plz

NQ long 1851

well it's not so often you see a trending day followed by a complete reversal trending day...

out at 310 for +60

yip! I need to cover my earlier loss... and the ES is also moving higher still no reason to exit

No, I'm with you... I thought it wouldn't fly straight through, but it does. I'm in at 250.

thanks, I had another look to make sure I was trading the right contract!

out at 230 for -10

DOW short 11220.

well I had hoped for some points on this one but set my stop to breakeven after the move up to 340... back with 0 :\

DOW long 11310.

out 1/3rd at 380 for +40, stop BE.

any other reason than the lower high? seems fine though KISS

DOW short 11420.