Well, what can I say? There were more trades this week than the previous two. And, if you add in the paper trades from Wednesday, it would be 7 trades for the week. But, I’m still in an awfully cautious mode right now. I’m trying to learn what makes these recent sessions “tick,” if you know what I mean. Consider today, for instance. If you look at the indices at the close, it was a flat day. But, since everything opened so far up (the Dow was at 130+ within minutes of the open), it played out like a big down day. I guess I need to start focusing more on the market direction, and pretty much ignore the amount it’s changed from yesterday.
| Total P/L: | 2.35 R |
|---|---|
| Trades Taken: | 5 |
| Winners: | 3 (60.00%) |
| Expectancy: | 0.47 R |
| Biggest Winner: | 2 R |
| Biggest Loser: | -1 R |
I shouldn’t complain about a 60% win rate, but I’d really prefer to win 4 of 5… I got chopped out of a winning trade Tuesday that would have made my results much better. I’m going to keep in mind that I should widen my stops a little on sideways choppy days.
August 4th, 2006 at 5:24 pm
At least you made a profit on a tough week - good job.
August 5th, 2006 at 2:47 am
Yup, at least you close the week with positive note. Well done Richard. :)
August 6th, 2006 at 11:27 am
Thanks, Gav and Ugly!