Recent content by Financial Yoda

I think your journal is very interesting, please continue posting. Thanks FY

I like the clarity of your performance sheet. If you don't mind I'll adopt its use in my journal. thanks, FY

5/03/2011 Had a very good day overall but took 2 trades that we outside my trading plan and just broke even today. gross +15 tics 34 round turns, too many for this day and performance 47.62% profitable trades, loosers were much larger than winners before doing the off plan trades, I...

Really like your control of downside risk. thanks for sharing your journal.

5/2/2011 had been on vacation for a week and sick for about a week but I'm back......:) Graded myself B overall today. traded a mixture of 8-15 tick shortterm trends as well as several 3 tic scalps +92 ticks $1,021.90 net profit 30 contracts traded $128.10 commish paid(11.14%) of gross...

4/11/2011 Graded myself B overall today. traded a mixture of 8-15 tick shortterm trends as well as several 3 tic scalps +39 ticks $431.99 net profit 13 contracts traded $55.51 commish paid(12.85%) of gross profit 61.54% of trades taken were profitable average 3.0 ticks per contract...

didn't have a sharply forcused mindset today. was up 200 dollars and gave it all back and some more was -350 and was able to reduce the loss to about 150 but failed to take off at that level desiring to not only reduce loss but be in profit. Made error of moving stop out during...

traded two more contracts Date 04/06/11 +36 ticks $428.65 net profit 5 contracts traded $21.35 commish (4.7% of gross profit) 100.00% profitable trades 7.2 tics per contract http://screencast.com/t/wyZ32ye8ce

Hi Mark, thanks for stopping by. I agree trading in general is tough and trading the ES is even tougher. I agree with you, following a daily profit goal was premature but it is on my list of "things to do":D I am essentially doing what you suggest as far as grading my adherence to...

traded globex session: Graded myself a B+, due to moving target 1 tick to take earlier profit, markrt went 4 ticks beyond my original target, i attribute that to sleepiness. Date 04/06/11 +25 ticks $299.75 net profit 3 contracts traded $12.75 commish (4.1%) 100.00% profitable 8.3...

No trades taken today, was away from my trading desk. Great market day IMO:D

Sideways to down market and low volatility. I have something to do this afternoon so stopped trading by 1pm I gave myself a B-, not an A for not avoiding 2 marginal trades in this environment, costing me 10 ticks total. I decided to track a few other metrics ala Hitman's journal, and to...

After reviewing my monthly account statement. I'm going to include net rather than gross profit/loss because those are the actual realized gains/loss. I think I was playing a mental game by not including them, so from here on out I will be posting the net profit/loss not the gross. Thanks for...

would grade myself a C on execution of trading plan, got into mild trouble with -175 intraday drawdown. Was in a profitable trade but had to exit early due to needing to get to work. Good to see some green on my spreadsheet but trading a total of 10 contracts, I expect more yield than 112.50...

Thanks everyone for following along. I appreciate the feedback. I do acknowledge the necessity of having confidence in my system. Since this has some element of discretion, I have not altered the system other than to reduce size during this drawdown. And reduced my aggressiveness factor in...