Trader P/L 2010

[method 10]

Shorted the high of the DAX yesterday. Covered near the low.

 

Will get screenshot up soon

[thalestrader 14]

Shorted the high of the DAX yesterday. Covered near the low.

 

Will get screenshot up soon

 

 

And by soon you meant before Brownie starts the Trader P/L 2011 thread, right?

 

Best Wishes,

 

Thales

[enochbenjamin 10]

[enochbenjamin 10]

thanks Brownsfan for the link regarding posting images.

 

:-)

[brownsfan019 17]

1-11-10: +$150.00

Not a great day on oil but a profit.

 

1-12-10: NA as TimeWarner decided we were due for an internet outage.

 

1-13-10: +$840.00

Better day today on oil. Caught a couple moves there.

[method 10]

Ha thales, fair enough. I admit I do get a bit lazy when it comes to putting up screenshots.

 

This is for 11th jan, haven't traded since:

 

 

Basically, although looking at it from an intraday perspective I did OK, from a swing point of view I should have held the position because this is what it did over the next three days:

 

 

The black lines indicate my short entry and exit.

[enochbenjamin 10]

Had to catch a plane at 8am so only traded for 10 minutes. +140 w/CL

[Cory2679 11]

.....deleted post.....

Edited January 15, 2010 by Cory2679
off topic (reply to how many lots someone can trade)

[Cory2679 11]

I am 1,000% satisfied with this week, plain and simple.

 

Even so, I still feel like I could have done better this week...but I guess most people probably feel like that most weeks, regardless of the results.

 

I hesistate to get happy/excited just yet though...I know this is just one week.

 

Have a good weekend!

 

-Cory

[thalestrader 14]

I am 1,000% satisfied ..

 

"Great kid, now don't get cocky!"

 

Congrats Cory! That is excellent. But you are right, it is just one week, and in order to get those results week after week you need the discipline to do the same thing over and over and over again, without getting tempted or distracted.

 

Excellent trading!

 

Best Wishes,

 

Thales

[Dinerotrader 10]

SIM

+179

 

Started trying the YM and NQ today.

 

[method 10]

Traded like trash, missed the entire down move in the DAX, even though I had anticipated it. I kept waiting for the market to bounce back to short it, but it never did. Ended up placing a stupid long that got destroyed in 5 mins (I thought the market had fallen enough)

 

[JEHs 10]

This weeks trading...

[Gabe2004 10]

I am 1,000% satisfied with this week, plain and simple.

 

Even so, I still feel like I could have done better this week...but I guess most people probably feel like that most weeks, regardless of the results.

 

I hesistate to get happy/excited just yet though...I know this is just one week.

 

Have a good weekend!

 

-Cory

 

Now you can take back your 50$

 

Gabe

[method 10]

Caught a nice short near the opening in the DAX.

 

32 ticks

 

[edabreu 10]

A little bit of Dax, little bit of Crude, and some TF

[jack411 10]

SIM

+179

 

Started trying the YM and NQ today.

 

 

Dinero,

 

What was it you think that gave you trouble on the YM and NQ? How did they compare to bonds, grains, and other markets you usually trade?

[brownsfan019 17]

I'm a little behind here but that's no reason for this thread to die off. I've been very busy lately so I may not be posting daily but will try to keep it going.

 

1-14-10: -$190.00

Took a nice hit on the RLM that day. Not fun.

 

1-15-10: +$210.00

Thanks oil!

 

1-20-10: +580.00

Much better all around today.

[Dinerotrader 10]

Dinero,

 

What was it you think that gave you trouble on the YM and NQ? How did they compare to bonds, grains, and other markets you usually trade?

 

Several things:

1. I still suck at trading

2. I have never traded the YM or NQ so I am unfamiliar with how they move bar by bar

3. YM/NQ/ES all move in similar ways so switching between them when they are all setting up or beginning to move from news is tricky. I'm not used to watching multiple futures that move often in tandom.

 

I almost never trade bonds right now.

 

What got me interested in oil and grains was that they can move quickly and often without a whole lot of choppiness. Of course, that changes over time. I trade far too many markets right now and I am currently figuring out how to scale back.

 

My plan right now is trade 2 futures on smaller time frames and keep an eye out on the others with larger time frame charts. I hate to look at some future in retrospect and see that there was an obvious reversal opportunity if I had only noted the S/R level that was obvious and then kept an eye out for its approach to that price.

 

I'd also like to get so I can hold some positions for many days if I got primo position on a large time frame chart without having to use a 50 tick stop.

 

I've heard this many times and am realizing it more now, that many trading methods are good in a trending or a choppy market but not both. This leads me to think you have to do one of the following:

1. find a way to determine what each day is going to be before trading and then use the matching method (not sure anyone has a good way to predict if the days action will be trending or nontrending)

2. find a method of trading that works in both

3. trade your method on both types of days but try to set rules to limit losses on a day that is not ideal for your method

4. give up and play the lotto

 

That is more than you asked but I had a few more things on my mind.

[enochbenjamin 10]

Been in Florida for the past 5 days so little internet. I did some trading at whole foods. Friday +200 and Tuesday +320.

[jack411 10]

Several things:

1. I still suck at trading

2. I have never traded the YM or NQ so I am unfamiliar with how they move bar by bar

3. YM/NQ/ES all move in similar ways so switching between them when they are all setting up or beginning to move from news is tricky. I'm not used to watching multiple futures that move often in tandom.

 

I almost never trade bonds right now.

 

What got me interested in oil and grains was that they can move quickly and often without a whole lot of choppiness. Of course, that changes over time. I trade far too many markets right now and I am currently figuring out how to scale back.

 

My plan right now is trade 2 futures on smaller time frames and keep an eye out on the others with larger time frame charts. I hate to look at some future in retrospect and see that there was an obvious reversal opportunity if I had only noted the S/R level that was obvious and then kept an eye out for its approach to that price.

 

I'd also like to get so I can hold some positions for many days if I got primo position on a large time frame chart without having to use a 50 tick stop.

 

I've heard this many times and am realizing it more now, that many trading methods are good in a trending or a choppy market but not both. This leads me to think you have to do one of the following:

1. find a way to determine what each day is going to be before trading and then use the matching method (not sure anyone has a good way to predict if the days action will be trending or nontrending)

2. find a method of trading that works in both

3. trade your method on both types of days but try to set rules to limit losses on a day that is not ideal for your method

4. give up and play the lotto

 

That is more than you asked but I had a few more things on my mind.

 

Thanks for the response! I was mostly asking because I've always just looked at the YM, NQ, and ES. I've just started looking into oil and gold for the same reasons that you stated. Just wanted to see what the difference was in your eyes as far as some of the more common markets like YM and NQ versus the others. Meaning was it more choppy, or just different overall.

As for as the options you listed as the end of your post - figuring out whether it will be a choppy or trending day is almost impossible. It's always obvious after the fact. I suggest setting loss limits and either changing strategies or calling it a day if one just isn't working. You know all the cliches by now - "live to trade another day", "capital preservation on tougher days is just as important if not more important as winning days", etc. If the market isn't behaving the way you like to trade, then just don't trade.

[subterfuge 10]

been a little busy myself recently. Im involved with too many trading forums etc at the moment and trying top spread my time out a little.

I'll just give you the tick count for the last few days, as you know i always only trade 1 contract, and i cant be bothered to work out and post all of the dollar amounts/trade blotters.

 

thur- (-20 pips)

Fri - +5 pips

Mon- (- 4pips)

tue - +20 pips

 

today:

+$527 - very good day.

[edabreu 10]

Pretty good day. Started with a wake up call...

[enochbenjamin 10]

funny day but turned out ok.

 

 

i guess i should explain the funny part - when i booted up this morning i had gaps in my data and since I use vwap and peak volume the info was useless. i was forced to turn everything off and try and remember how to draw DeMark Trendlines. So I traded trendline breaks off of shooting stars all day with absolutely no indicators. I surprised myself.

Edited January 21, 2010 by enochbenjamin
added comments

[thalestrader 14]

I've heard this many times and am realizing it more now, that many trading methods are good in a trending or a choppy market but not both. This leads me to think you have to do one of the following: ...2. find a method of trading that works in both

3. trade your method on both types of days but try to set rules to limit losses on a day that is not ideal for your method

 

You are trading too many markets. I do as well, but my primary vehicles for my own account are the 6B, 6E, and 6J. Most of those whom I know actually to do well at this game trade one market, or if multiple markets, they are related, e.g. oil and gas, Notes and Bonds, ES and NQ, Euro and Yen.

 

I have no idea how you are selecting your trades, but the easiest way I know to maneuver between chop and trend is to apply the long/short sequences, aka 123's, and the concept of chop zone to your S/R analysis. Whatever you are using, whether it is candlesticks, MA crossovers, astrology, etc, you can use those few PA concepts to help set you right more often than not (though it will not immunize you from losses to be sure).

 

Best Wishes,

 

Thales