Trader P/L 2010

[stratenworld1 10]

+1.5 in 2 trades. Have an awesome day!

[Cory2679 11]

I'm just going to pop in one last time before I begin posting results next week...I know I'm taking up a lot of room in the P/L thread for not posting any P/L! :o;)

 

I should mention, I'm now trading solely the EUR/USD during the 6E regular trading hours (8:20AM - 3:00PM Eastern Time)...

 

I am going to do this, but I'm also still going to trade the first half of the Tokyo session (7:00PM - 11:30PM Eastern Time). I figure that won't make the transition to futures any less smooth...I'd just simply drop Tokyo.

 

I figure while I am trading spot, I might as well take advantage of all the possible opportunity. I came to this conclusion last night after I watched the opportunity of a lifetime pan out...I called it in real-time and drew lines on the chart as I would manage it, but I wasn't trading, just watching. Had I left it overnight, this morning that trade could have been closed for +20R...that's a 40% return for me. :shocked:

 

Obviously one opportunity isn't what I'm basing my decision on...it just caused me to realize that it was sort of silly to sit and watch and not trade if I could.

 

----------

 

On another note, each weekend I get a little thrown off from having two days off...I get out of the flow and Monday's are always a bit of an uphill battle...plus, I feel more pressure than usual when I load up my computer on Monday's.

 

So, my solution to this is to SIM trade Monday's and live trade the rest of the week. BUT, since I'm trading SIM already, I guess how I would do it is to trade a different SIM account "off the record" Mondays, and SIM "on the record" the rest of the week.

 

What I'll do is SIM "off the record" during the first half of the Tokyo session Sunday night and the 6E RTH Monday. Then, begin to trade SIM "on the record" Monday evening at the open of Tokyo.

 

-Cory

[daedalus 10]

took two losses today, and my good trade only went +9 (target was +11) and v-reversed in my face so I was left with a tick. Sometimes they just don't fall when they should!

[bathrobe 10]

Today was so-so, I had a terrible headache I got out of every trade to early, as shown by the chart, 2 es trades for 2.25 points along with a scratch that was stupid on my part. I also had an NQ trade but I exited only because I saw a setup that I look for on the ES which was the short near the end of the day. The NQ trade was profitable but due to the point value I would rather trade the es. Each ES trade was 2 contracts.

 

You guys should post charts and we can get a discussion going regarding methods and whatever else.

 

Despite my early exits, I was happy with my entries.

 

[kuro 10]

No trades on Monday.

 

I trade CME beans. I trade small but I am going for consistency.

[Dinerotrader 10]

You guys should post charts and we can get a discussion going regarding methods and whatever else.

 

Taking a short break from my P/L posts. I am trying to work on developing setups which have a higher win ratio and fewer entries. Here are the 2 setups I was watching today on oil. Took the first one but moved my stop to B/E to fast. Wasn't watching my screen for the second one although I had been just before and had marked the trendline and entry level already. I've been considering using trendlines mixed with S/R level. Trying to see how it works out over time. Gives me much fewer entries but I like the risk reward profile on most of these that I have seen.

 

[momop 10]

I wish I could post charts, but I am trying program trading with many positions. So it's hard..but I did good in the SIM land..

 

Short (took 2 short positions), Got stopped out: -75$

Long position (4 trades eminis): 450$

 

Net Profit for day: 375$

 

I will have to keep sim trading live to build confidence into my system.

[thalestrader 14]

... I've been considering using trendlines mixed with S/R level. Trying to see how it works out over time. Gives me much fewer entries but I like the risk reward profile on most of these that I have seen....]

 

Now that is a worthwhile post. You may become a market opportunist yet, Dinero.

 

Best Wishes,

 

Thales

[MCM 10]

Two trades today (post night shift - so half awake). Entry was good on first one - great on second one. Exit was decent on first (extreme tick reading - exited) , lousy on second (got impatient - had the YM going down to the 10905 by projections - and just decided to take the trade off for my 5 pt min profit due to ... not sure. (Something to think about tonight). Left a solid 20 points on the table. That blows.

 

Eventually when I start trading multiple contracts - might be easier to take one off at my initial profit (5 pts...I know guys - it aint much...baby steps) - and leave the others on for the target. That part was much easier in sim than real life. For now - want to be profitable consistently on a single contract.

 

Trade using fibs - though I show the 255 tick - I use the 144 tick - just wanted to compress the picture. Top of 10926 was a nice confluence of a 161 extension of a AB move - a 224 extension of an xy leg that preceded the move up..and of course a very nice supply level from yesterday.

 

Grade: Entries: B+. Exits: C- Impulsiveness: A Rule Following: A Building right side of chart: C+ (reacting nicely - but was not active in building my case for market going up and market going down...just too tired from lack of sleep).

[Dinerotrader 10]

If we had a SIM contest I'm certain I can trade circles around just about anybody.

 

Alright, still thinking about what EB said. Still.

I have a new progression step from newbie trader to professional live trader.

 

1. SIM privately

2. SIM trade posting your daily results.

3. SIM trade with others following along with their own real money trading

4. Trade your own money live.

 

If SIM is going well and you have a plan that is executable in a live setting, why not go start an account at Collective2.com

You have minimal fees and you can go on simply SIM trading. If you are really any good, people will begin to pay you to follow your trading. Now you have hardly any risk yet rather large potential for income but it is all based on results. Want to prove you can trade well without risking any of your trading capital? This seems like a no brainer.

 

Am I missing something?

[stratenworld1 10]

Another good morning! +2 and I'm on my way.

[daedalus 10]

Added the NQ/YM to my workspaces last night... starting to trade them daily as of today. Frankly more money is more money, even if its only at 5.00/tick.

[momop 10]

Apr/7/10 Sim results

---------------

 

Got nicely chopped.

Short Stocks (8 trades): 68$

Long Trades (3 Trades): -94.4

 

Net Profit: -26.4

 

Nothing really to write about..May be don't trade when Bernanke says anything.

[kuro 10]

Today was a bad day and you learn the most from your bad days. I took a trade that I should not have taken near the open. Monday I sat around the morning ( I trade about the first hour and a half to two hours in beans ) and did not take he same setup because of my rules. Today I saw the same setup and went for it and lost. I have rules in my trading plan and I let my frustration of not making a trade on Monday get to me and break my rules.

 

The good thing is it slapped me back to reality and I traded the rest of the

session with only one mistake in the following three trades. Still, it is hardest to write in your journal or post on days when you lose because of stupid things you have done. Writing about your bad days is how to get better, IMHO.

[MCM 10]

Limited trades today (one for 10 pts on the YM). Due to regular job - trading is gonna be tough the next 7 or 8 trading days. Trying to figure out if I am going to just take a break for 10 days. Have been trying to do double duty lately - and I think it is affecting me in all aspects. One of the hardest things about learning this business - is balancing the job that pays the bills along with it. Not enough time. Not to mention the time away from the family.

 

I am thinking it might be wiser to take a brief break than trade on caffeine and little sleep. Trouble is - I am gonna feel out of the swing and just plain miss it.

 

Posting in P/L might be sparse from me during that time - I havent disappeared - and will return.

 

Good trading - will keep poking my head in and eavesdroppin!

[stratenworld1 10]

-.50 for the day. I will lick my minor scratch and go at it again tomorrow.

[daedalus 10]

two trades, 1 par, 1 winner that tested my patience like a mofo. 45 minutes from entry to exit. problem was I did screw up the rules a bit and once I got into profit I was two ticks form my target, I said F it and I bailed right before my target got hit. So... a solid B- performance today.

[momop 10]

My sim diary

Long: 535

Short: -584

Net Profit: -49

 

I was caught in the early AM volatility when I had all my shorts..They all reversed and rallied against me. My Long play hedge still couldn't protect me.

[kuro 10]

One bad entry from ending the day in the black I had two winning entries and one losing entry. I just wasn't quick enough on the mouse for the last trade, but such is trading.

 

I am happy with my execution today, so it was a good day.

[stratenworld1 10]

+2 in 2 trades. Done within the first hour of the day.

4-9-10.bmp

[stratenworld1 10]

I guess I don't know how to use the screenshot so well. I will work on it so everyone can see my charts.

[daedalus 10]

I guess I don't know how to use the screenshot so well. I will work on it so everyone can see my charts.

 

don't save the image as a .bmp and it will work just fine. try a .jpg, .gif, .png instead.

[JEHs 10]

Over traded a bit today...

[daedalus 10]

Nothing to post here boyo's... took the morning off and got a haircut, played some tennis and had lunch on the patio.

[momop 10]

Your P&L's dont seem to add up ?