I traded 3.5 days this week. I took Thursday off, and half of Friday. Even so, I made four trades this week, which sounds pathetic but is on the upper end of my per-week stats lately! First the table:
| Total P/L: | 1.20 R |
|---|---|
| Trades Taken: | 4 |
| Winners: | 4 (100.00%) |
| Expectancy: | 0.30 R |
| Biggest Winner: | 0.43 R |
| Biggest Loser: | N/A |
So, depending on whether you count the 0R trade from last week as a loss or not, I may or may not still be on a winning streak since 8/22. Wow! That’s surreal. But, obviously, things could be better. I am taking tiny profits where I can get them. That keeps me from really capitalizing on a good trending day like Wednesday. There’s a balance I’d like to strike somewhere in the middle. I think I will be a slow-and-steady profit-maker for the forseeable future, but it wouldn’t kill me to take a loss now and again, if it means higher overall gains! If you read last month’s month in review post, you know that I can live just fine making 1.2R a week, but 2 or 3 R a week would be even better.
I used to think I made some of the best introspective trading posts on the web, but lately I’d give JC, the NYSE Scalper that distinction. He’s been thinking a lot lately about how he can improve his trading, and work with his personality instead of against it. That makes for good reading. So, go read it!