Emini S&P 500 Day Trading Journal

[Tams 20]

let see, i used to have ninja and i think ninja has the mae in the performance statement. However, i no longer use ninja, but the AT. The AT does not have the mae drawdown

 

you don't need a software to tell you the MAE... LOL

[emg 12]

you don't need a software to tell you the MAE... LOL

 

why? Maybe somepeople do, or somepeople dont. The most important thing i look for in the statement is PnL. That is fair enough for me. I dont want to waste my time looking at my max winners or losers, percentage winning, percentage losing. Maybe somepeople like that, but i am not one of them.

[Tams 20]

Im out at 85 total of 1 point profit for the 2 contracts

 

why? Maybe somepeople do, or somepeople dont. The most important thing i look for in the statement is PnL. That is fair enough for me. I dont want to waste my time looking at my max winners or losers, percentage winning, percentage losing. Maybe somepeople like that, but i am not one of them.

 

I am not here to put you down...

You have to track your MAE, especially your MAE to PnL ratio...

otherwise, sooner or later, the MAE will catch up to you.

 

I hope this journal is a positive learning experience for you...

thanks for sharing your trades.

Edited April 6, 2010 by Tams

[BlowFish 10]

why? Maybe somepeople do, or somepeople dont. The most important thing i look for in the statement is PnL. That is fair enough for me. I dont want to waste my time looking at my max winners or losers, percentage winning, percentage losing. Maybe somepeople like that, but i am not one of them.

 

Another way of looking at it is how much did you risk on the trade? (MAE is simply the furthest the trade went against you before coming good). Do you always have a stop on the trade? Just wondering.

 

One reason that people look at those 3 figures is it allows them to select a position size that reduces the risk of wiping there account to a level they are comfortable with.

 

There are a few lines written about the benefits of knowing your risk of ruin here TradersCALM - why derive risk of ruin

[emg 12]

Good Morning Traders!

[emg 12]

plan on going long at 1180.00

[emg 12]

plan on going long at 1180.00

 

 

filled at 1180.25. place a market order. looking for 1pt profit target

[emg 12]

filled at 1180.25. place a market order. looking for 1pt profit target

 

1point profit. may go long again if the market makes new low

[richd8980 10]

Good move, should be an interesting day.

[emg 12]

plan on going long at 1178.00

[emg 12]

plan on going long at 1178.00

 

if the market trading sideway from here within 15 mins, will move my order to 1177.00

[Tams 20]

if the market trading sideway from here within 15 mins, will move my order to 1177.00

 

.......... do you know Ben?

[emg 12]

.......... do you know Ben?

 

big ben is my best friend

[emg 12]

moving my order to 1177.00

[emg 12]

.......... do you know Ben?

 

maybe, big ben can help increase the vol

[emg 12]

moving my order to 1177.00

 

 

holding on my long 1177.00 pending order

[emg 12]

holding on my long 1177.00 pending order

 

plan on canceling the order in 10 min

[emg 12]

plan on canceling the order in 10 min

 

i mean 20 min or 3pm Eastern time

[emg 12]

i mean 20 min or 3pm Eastern time

 

.........order cancel

[emg 12]

Good Morning Traders!

[emg 12]

plan on going short at 1177.00

[emg 12]

,,,,,,,canceling order

[emg 12]

.........I may go long soon

[richd8980 10]

long at 72.75 out at 73.50 on the news announcement

[emg 12]

long at 72.75 out at 73.50 on the news announcement

 

.........nice trade!