I traded 4 days this week… 3 full days and 2 half days. Managed to make a whopping 6 trades, which is a step in the right direction! I need to take a few more, still, per week, the way my trading is shaping up lately. But, this week was good.
The table:
| Total P/L: | 2.00 R |
|---|---|
| Trades Taken: | 6 |
| Winners: | 6 (100.00%) |
| Expectancy: | 0.33 R |
| Biggest Winner: | 0.57 R |
| Biggest Loser: | N/A |
So, still, 100%. Since 8/22, aside from a 0 R trade a couple weeks back. That’s 53 calendar days. Weird, wild stuff.
But, look, it’s really not that special. I think just about any of the daytraders I know could do something similar. I’m just (1) being really selective on setups, and (2) taking profits on the first surge in my favor. It seems that in these choppy markets, a lot of breakouts reverse rather sharply. Trading this way, I am not subject to that pain. I am also not subject to massive gains the next time the market trends strongly. So it’s a definite, conservative trade-off I’m making.
Had I not made that mistake getting out of my SIRF trade, this would have been a 4.0 to 4.5 R week. Sweet! That’ll teach me…
October 13th, 2006 at 1:46 pm
Hi Richard. Thought I would share my trades, just to show a different methodology. Unfortunately, last week I broke my rules and had a - 4.5 R day. This week my biggest losing day was -1.3R….I was glad to take it!!
Total P/L: 7.2 R
Trades Taken: 12
Winners: 3 (25%)
Losers: 5
Break even: 4
Expectancy: .6 R
Biggest Winner: 5.1 R
Biggest Loser: .63 R
October 13th, 2006 at 1:48 pm
*biggest loser -.63 R that is.
October 13th, 2006 at 1:51 pm
Awesome, Zoomie. I wish I could see charts of your trades.
Thanks for sharing!
October 13th, 2006 at 3:12 pm
Richard and Zoomie: Great job to both of you!
October 13th, 2006 at 5:20 pm
ah, another 100% week again huh?! Good job, Richard!
October 13th, 2006 at 5:37 pm
thanks, Gav. I know everyone rolls their eyes at me when I say this, but the winning streak is starting to be hard to deal with. I definitely find myself thinking about it when I put on trades, which I shouldn’t be doing. Nice problem to have, I guess!
October 13th, 2006 at 7:50 pm
Good job Zoomie and Richard, I lost 3.6R this week.
October 14th, 2006 at 8:26 am
i don’t understand this R stuff…how many ‘Z’ did you get zoomie
October 14th, 2006 at 9:47 am
John: Coded message to follow:
The computation is much too involved, and it is not applicable to this fozum. You will be fozwazded all necessazy information on a need to know basis, and my zepzesentatives feel that this is not the appropziate time noz junctuze. Roomie out.
October 14th, 2006 at 4:41 pm
roomie: zats