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I rarely enter trades of 1 contracts. I use Ninja Trader and it splits the trades up. If you want to know the exact distribution you'll have to look at the entry times (down to the second) In reality I had 10 trades even though it shows as 21 trades. Gabe

Sorry but I have not written about my rules in this thread yet. Gabe

I am trying to think of an analogy to trading single or multiple contracts in other fields. The first thing that popped into my head was working with power tools vs manual tools. It used to be that one had to be trained on manual tools b4 they could move to the power tools. Another thing...

Psychologically 3 contracts are the optimal number for me (not that my trading reflects that, but...) :) 1st exit is to cover expenses and to feel good (fixed number based on historical testing). 2nd contract is to make $$$ (exit at a technical reason). 3rd contract is a runner. From what I...

ND if it is not too much to ask, can you post a 5min and a 1min chart to clarify what you wrote above regarding the 9 trades? Thanks Gabe

Starting next week I will write down what I feel/think after a premature exit.

That is the trade that I cut short and there was a 2nd opportunity to go short just below this one. The trade that I cut short moved 44 cents in my favor and the 2nd opportunity moved 32 cents. I am not sure why I got out of the trade so quickly.

Can you post a chart as an example?

Thanks for the suggestion ND. That level of the 5th trade was my target in a previous trade. I took the 5th trade b/c I had a valid setup. In my recent back-testing I did not look at S/R levels and the results were good. I may have been lucky that I missed situation like my 5th trade today...

Lost quite a bit this week. Back under water.

I had one of my worst days ever. Some days are not going to be profitable. Next week will be better.

I had 1 of my worst days in recent weeks. After not taking 1 good trade and getting out of another 1 too early I decided to take ALL trades. It was an black eye opener but the positive is that I will have to really start using a maximum stop trading mechanism in place. Some days are just not...

4 trades today. Good stats definitely would change the overall picture. Another thing I have to change is take ALL trades. Without that, my stats will be worthless.

You are right in both of the above. I was thinking more in the line of the inequality of asset/income distribution in our society. Maybe I am getting old ;-)

In hind sight maybe my question was not clear. Not in my mind nor in my writing. I'll get back to it one of these days but I agree that discomfort is part of this business and the more uncomfortable a trade seems to be the more profit it will bring (just an observation) Gabe

As I wrote in a previous post, b/c of the fact that some of my stats were not correct (Ninja limitations) my targets and stops were off the mark. I am reworking them manually. A higher fixed target and smaller SL is what seems to be emerging. The 3rd contract would allow me to have a runner...

3 trades today. The 1st one had a marginal signal. Ended up in a small loss. 2nd and 3rd trades were by the book and hit the preset targets. 2 and 1 contracts respectively. 3 contracts per trade may be a better choice as it will allow for a runner (3rd)

While reading some of the posts here I noticed that many people advocate looking at trading as a business and to leave the ego behind. I also noticed that people refer to the outcome of their trades in terms of winning and losing. I think that a more appropriate way of describing the outcomes...

4 trades today. Trade #1was derived from an alternate data source (primary data source did not show a valid setup) - not profitable. Trade #2 was in a non standard timeframe (setup was valid) - not profitable. (after the big run-up I was looking for a reason to catch the train while it was...