Recent content by rolan

March turned out well overall. When the NAZ and SP manage to go green for the year, I should be killing it.

Well, I forgot to listen to my own advice and be cautious as the NQ was up against its 200 DMA. I took an 8K loss around the open, as I saw markets struggling to head higher. I should have just reversed my position, LOL. I did short a bit with ES mini and netted about $300. I started...

Taking profits here!

After the march runup, I am going to be cautious here and avoid going over 1X leverage. I would like to see a consolidation, as I thrive in that environment where market goes up and down but no big trends develop. NQ is just below its 200 day MA.

Traded conservatively today without going over 1X leverage. I didn't have any read on where the market might head throughout the day, although I saw NQ gunning for 15000 towards the close. I just held my nose, and let the trades occur. Back in cash again. Another new high on account.

It is more gray box, so back testing would have to be taken with a grain of salt. So It wouldn't qualify as well tested. I am depending on real trading results to determine if I am outperforming or wasting my time. That is why I am closely tracking my performance verses the index futures I...

Yes, I own all the trades I make. Occasionally, I'll put on a big trade hoping I'll get lucky. But it is a bad practice. Even if it ends up profitable, it just encourages me to trade too big in the future, where I would eventually take a huge loss.

Yeah, I agree 100% return and cautious don't go together. I just want to set a high goal so even with say a 50% return, I should be content. But true, I can only take what the market will give me. I am a big believer in letting the trade do what it will do, and just manage it accordingly.

Well, the draw down estimate is based on back testing, as well as personal experience. So not completely scientific. By being more cautious, I may not hit 100% APR for my style. What are you huhing about?

Here is my YTD performance. It now shows SP500 as well as NQ100 daily closes vs my MTM account balance. I am up 11.09% for the year and NQ and ES are down. So, aside from massive DD's I am outperforming. I'm trading more conservative in March, which seems to have smoothed out the equity curve...

So, no open positions going into weekend. I turned strategy off and just did some light discretionary long and short trading today. I thought it would wind up a down day and wanted to hang onto recent gains. Past up a few thousand by not letting strategy execute.

There's not enough volume in Sep contract yet, so slippage would be significant with market orders. Besides, I'm not a swinger. I'm a buy the dipper, sell the ripper.

Back to cash. I think I'll wait till the end of each month to adjust HWM if I am above, to give it chance to be a positive number. I also plan to start tracking my performance verse NQ along with ES, since I trade both.

Strategy returning to its glory days. Risking 1 micro ES right here, right now. I guess it works until it doesn't.