Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

brownsfan019

Trader P/L 2009

Recommended Posts

Got back into trading today after being consumed with poker the last few weeks.

 

Looked for a short today. Found an opportunity about 1 hr into the market (DAX) and took it.

 

Really happy with how I traded today, because I shorted near the top and exited near the bottom, before it bounced back.

 

Ignore the FESX trade, that was due to me pressing the wrong buttons!

 

4cudall5.jpg

Share this post


Link to post
Share on other sites
Hello everyone,

 

I just wanted to inform everyone who posts and in this thread and those who do not but pm me, I will continue to post reasons behind certain trades, but I cannot give out my thought process behind my other setups and subsequent trades.

 

My reasoning is that I have simply put far too much blood, sweat and tears to give it away.

 

 

Hi Chris,

 

I don't want you to think I'm trying to change our mind at all, I just wanted to post a thought of my own. I'm sure you've read the Richard Dennis interview where he stated he thought he could probably publish his trading system in the Wall Street Journal, and it would have no adverse effect on the system. I agree with him. I think you could outline your best trade right here with all rules, guidelines, parameters, etc., and not one of us (and I include myself in that) would be able to trade your method as well as you yourself do. at least not initially. Most would likely find they'd trade it to an overall net loss. Why? Because the method is really a small part of trading success. The largest part is, as we all know, is the emotional control necessary to succeed at this. You have it. No matter what you post, you can't give it away, and you cannot lose it.

 

Thank you for sharing all that you do, I continue to enjoy your posts.

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites
Hi Chris,

 

I don't want you to think I'm trying to change our mind at all, I just wanted to post a thought of my own. I'm sure you've read the Richard Dennis interview where he stated he thought he could probably publish his trading system in the Wall Street Journal, and it would have no adverse effect on the system. I agree with him. I think you could outline your best trade right here with all rules, guidelines, parameters, etc., and not one of us (and I include myself in that) would be able to trade your method as well as you yourself do. at least not initially. Most would likely find they'd trade it to an overall net loss. Why? Because the method is really a small part of trading success. The largest part is, as we all know, is the emotional control necessary to succeed at this. You have it. No matter what you post, you can't give it away, and you cannot lose it.

 

Thank you for sharing all that you do, I continue to enjoy your posts.

 

Best Wishes,

 

Thales

 

I have read the interview and that is a good point.

 

Chris

Share this post


Link to post
Share on other sites
Hi Chris,

 

I don't want you to think I'm trying to change our mind at all, I just wanted to post a thought of my own. I'm sure you've read the Richard Dennis interview where he stated he thought he could probably publish his trading system in the Wall Street Journal, and it would have no adverse effect on the system. I agree with him. I think you could outline your best trade right here with all rules, guidelines, parameters, etc., and not one of us (and I include myself in that) would be able to trade your method as well as you yourself do. at least not initially. Most would likely find they'd trade it to an overall net loss. Why? Because the method is really a small part of trading success. The largest part is, as we all know, is the emotional control necessary to succeed at this. You have it. No matter what you post, you can't give it away, and you cannot lose it.

 

Thank you for sharing all that you do, I continue to enjoy your posts.

 

Best Wishes,

 

Thales

 

But he never actually did publish it, did he?

 

;)

Share this post


Link to post
Share on other sites

Well, I think this is probably going to round up my 2009 trading. Traded lightly and didn't trust this market on lower volumes.

12-28-09: +$245.00

 

12-29-09: +$200.00

 

In hindsight, I should have just traded w/o regard to the holidays (like I've said before) but I was biased in my decision making. It's profits, so we'll take it and call it a year.

12-28-2009.png.5ad6c094dc9fa1716d67fe450b2b74a6.png

12-29-2009.png.40cdbd95db7a15d6f81a8100096c38c9.png

Share this post


Link to post
Share on other sites

Tried to take fewer trades but got sucked in by some choppy breakout movement. I though we were going to see some real breakdowns in price but the buyers just keep jumping in. Reasonable results. Only traded 1 contract.

 

SIM

attachment.php?attachmentid=16945&stc=1&d=1262116170

5aa70f8c8b6b8_12-29-20092.png.110451a287561d173b74f754d62192fa.png

Share this post


Link to post
Share on other sites
He didn't, but one of his traders did.

 

Here you go.

 

Best Wishes,

 

Thales

 

I am not 100% sure, and i don't feel like verifying it, but I think R. Dennis also lost a lot of money trading the same system when he decided to come out of retirement. Something to the tune of 8 figures. But, I could be totally wrong.

Share this post


Link to post
Share on other sites
I am not 100% sure, and i don't feel like verifying it, but I think R. Dennis also lost a lot of money trading the same system when he decided to come out of retirement. Something to the tune of 8 figures. But, I could be totally wrong.

 

As I understand it, his losses resulted from his straying from his usual system and entered discretionary trades based more on guesswork than technical criteria:

 

"By the time he retired in 1988, he had shot himself in the foot by making unusually risky trades--purchasing huge quantities of options just before they expired and became worthless, for example. In one day, he lost $8 million in a soybean trade gone bad. Losses in his personal accounts paralleled those of his funds. Adding insult to injury, an early 1990s comeback attempt flamed out in months."

 

04/07/97 RICH DENNIS: A GUNSLINGER NO MORE

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites

 

I think you could outline your best trade right here with all rules, guidelines, parameters, etc., and not one of us (and I include myself in that) would be able to trade your method as well as you yourself do. at least not initially. Most would likely find they'd trade it to an overall net loss. Why? Because the method is really a small part of trading success. The largest part is, as we all know, is the emotional control necessary to succeed at this. You have it. No matter what you post, you can't give it away, and you cannot lose it.

 

Thales

 

This statement might be a catch 22 ..... if you do all this, there's not so much of an emotion to speak of.

You clearly define your setup, setup that you empirically know is profitable over time and you know your rules, guidelines, params etc., the emotions take a back seat.

You know precisely what to look for and what to do. It either occurs in the market or does not.

What Dennis might be referring to is some sort of disconnect between explicitly and implicitly understanding of his trading system. It's this implicit (enough screen time with the system) lack of understanding that might promote emotions.

 

Anyway, I am not refuting the claim. It is very common but you do have to wonder about the source of the emotion.

Share this post


Link to post
Share on other sites

My total return for 2009 was 24%, this included many days trading a small account when I had to make a personal bridge loan earlier in the year to family and after repayment somewhat infrequent trading. My only trades other than what I posted were writing some options earlier in the year.

 

Have a Happy New Year everyone :)

Edited by bathrobe

Share this post


Link to post
Share on other sites

Last trade of the year for me was an overnight short in the DAX.

 

Market was heading higher but encountered resistance so I thought it would retrace to about 5990 and it turned out it went further than that, to around 5950.

 

Just need to work on my exits.

 

ooxvxdac.jpg

 

 

Happy and prosperous new year to all :beer:

Share this post


Link to post
Share on other sites

2009 is in the books. I'll leave this thread open for a bit, but move all 2010 discussions HERE.

 

Thanks for making our first run of a p/l thread one of the most popular threads on TL. I hope it was as useful for many here as it was for me.

Share this post


Link to post
Share on other sites
As I understand it, his losses resulted from his straying from his usual system and entered discretionary trades based more on guesswork than technical criteria:

 

"By the time he retired in 1988, he had shot himself in the foot by making unusually risky trades--purchasing huge quantities of options just before they expired and became worthless, for example. In one day, he lost $8 million in a soybean trade gone bad. Losses in his personal accounts paralleled those of his funds. Adding insult to injury, an early 1990s comeback attempt flamed out in months."

 

04/07/97 RICH DENNIS: A GUNSLINGER NO MORE

 

Best Wishes,

 

Thales

 

That's probably as close to the real story as we'll ever get.

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Topics

  • Posts

    • TDUP ThredUp stock, watch for a top of range breakout above 2.94 at https://stockconsultant.com/?TDUP
    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • Date: 8th April 2025.   Markets Rebound Cautiously as US-China Tariff Tensions Deepen     Global markets staged a tentative recovery on Tuesday following a wave of volatility sparked by escalating trade tensions between the United States and China. The Asia-Pacific region showed signs of stability after a chaotic start to the week—though some pockets remained under pressure. Taiwan’s Taiex dropped 4.4%, dragged lower by losses in tech heavyweight TSMC. The world’s largest chipmaker fell another 4% on Tuesday and has now slumped 13.5% since April 2, when US President Donald Trump first unveiled what he called ‘Liberation Day’ tariffs.   However, broader sentiment across the region turned more positive, with several markets rebounding sharply after Monday’s dramatic sell-offs. Japan’s Nikkei 225 surged over 6% in early trading, rebounding from an 18-month low. South Korea’s Kospi rose marginally, and Australia’s ASX 200 gained 1.9%, driven by strength in mining stocks. Hong Kong’s Hang Seng rose 1.6%, though still far from recovering from Monday’s 13.2% crash—its worst day since the 1997 Asian financial crisis. China’s Shanghai Composite added 0.9%.   In Europe, DAX and FTSE 100 are up more than 1% in opening trade. EU Commission President von der Leyen repeated yesterday that the EU had offered reciprocal zero tariffs on manufactured goods previously and continues to stand by that offer. Others are also trying again to talk to Trump to get some sort of agreement that limits the impact.   Much of the rally appeared to be driven by dip-buying, as well as hopes that the intensifying trade war could still be defused through negotiations.   China Strikes Back: ‘We Will Fight to the End’   Tensions reached a boiling point after Trump threatened to impose an additional 50% tariff on all Chinese imports unless Beijing rolled back its retaliatory measures by April 8. ‘If China does not withdraw its 34% increase above their already long-term trading abuses by tomorrow... the United States will impose additional tariffs on China of 50%,’ Trump declared on social media.   If implemented, the new tariffs would bring total US duties on Chinese goods to a staggering 124%, factoring in the existing 20%, the 34% recently announced, and the proposed 50%.   In response, China’s Ministry of Commerce issued a stern warning, stating: ‘The US threat to escalate tariffs is a mistake on top of a mistake... If the US insists on its own way, China will fight to the end.’ The ministry also called for equal and respectful dialogue, though signs of compromise on either side remain scarce.   Beijing acted quickly to contain a market fallout. State funds intervened to support equities, and the People’s Bank of China set the yuan fixing at its weakest level since September 2023 to boost export competitiveness. Additionally, five-year interest rate swaps in China fell to their lowest levels since 2020, indicating potential for further monetary easing.   Trump Talks Tough on EU Too   Trump’s hardline approach extended beyond China. Speaking at a press conference, he rejected the European Union’s offer to eliminate tariffs on cars and industrial goods, accusing the bloc of ‘being very bad to us.’ He insisted that Europe would need to source its energy from the US, claiming the US could ‘knock off $350 billion in one week.’   The EU, meanwhile, backed away from a proposed 50% retaliatory tariff on American whiskey, opting instead for 25% duties on selected US goods in response to Trump’s steel and aluminium tariffs.     Volatile Wall Street Adds to the Drama   Wall Street experienced wild swings on Monday as investors processed the rapidly evolving trade conflict. The S&P 500 briefly fell 4.7% before rebounding 3.4%, nearly erasing its losses in what could have been its biggest one-day jump in years—if it had held. The Dow Jones Industrial Average sank by as much as 1,700 points early in the day but later climbed nearly 900 points before closing 349 points lower, down 0.9%. The Nasdaq ended up 0.1%.   The brief rally was fueled by a false rumour that Trump was considering a 90-day pause on tariffs—rumours that the White House quickly labelled ‘fake news.’ The market's sharp reaction underscored how desperate investors are for any sign that tensions might ease.   Oil Markets in Focus: Goldman Sachs Revises Forecasts   Crude prices also reflected the uncertainty, with US crude briefly dipping below $60 per barrel for the first time since 2021. As of early Tuesday, Brent crude was trading at $64.72, while WTI hovered around $61.26.   Goldman Sachs, in a note dated April 7, lowered its average price forecasts for Brent and WTI through 2025 and 2026, citing mounting recession risks and the potential for higher-than-expected supply from OPEC+.       Under a base-case scenario where the US avoids a recession and tariffs are reduced significantly before the April 9 implementation date, Goldman sees Brent at $62 per barrel and WTI at $58 by December 2025. These figures fall further to $55 and $51, respectively, by the end of 2026. This outlook also assumes moderate output increases from eight OPEC+ countries, with incremental boosts of 130,000–140,000 barrels per day in June and July.   However, should the US slip into a typical recession and OPEC production aligns with the bank’s baseline assumptions, Brent could retreat to $58 by the end of this year and to $50 by December 2026.   In a more bearish scenario involving a global GDP slowdown and no change to OPEC+ output levels, Brent prices might fall to $54 by year-end and $45 by late 2026. The most extreme projection—based on a simultaneous economic downturn and a full reversal of OPEC+ production cuts—would see Brent plunge to below $40 per barrel by the end of 2026.   Goldman noted that oil prices could outperform forecasts significantly if there was a dramatic shift in tariff policy and a surprise in global demand recovery.   Cautious Optimism, But Warnings Persist   With both Washington and Beijing showing no signs of backing down, markets are likely to remain volatile in the days ahead. Investors now turn their attention to upcoming trade meetings and policy decisions, hoping for clarity in what has become one of the most unpredictable trading environments in recent years.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • CVNA Carvana stock watch, rebound to 166.56 support area at https://stockconsultant.com/?CVNA
    • CVNA Carvana stock watch, rebound to 166.56 support area at https://stockconsultant.com/?CVNA
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.