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It is too cumbersome to go back and look at the gross loss for the past trades, but I will definitely do this for the future trades. But as you can see, I have already started to post the net gains. WOuldn't it be nice if I would have no losses to report...... (I know, it is utopia... it...

It makes sense even to me (a math challenged trader) to use net gains and gross loss to compute the PF. Net gain because, that is what you take home. Same way, gross loss is what you take home. WHat you take home is what counts in figuring your performance, right?

Flat means all open positions are closed at that time. I do not carry any open positions into the next trading day. There are several "theories" of trading... My style of scalp-trading requires me to go flat at the end of the day (i.e. closeout all positions before going home). It may be an...

I have no idea how futures trade in India or how commissions are charged. I only know the US markets. In US, each contract you trade is charged a commission (unlike a stock where the commissions are flat fee for X number of shares --e.g. upto 1000 shares it is one flat price of $10.) Therefore...

Today's strategy was to fade the gap open. Contracts traded: 122 Closed for net profit: $998.00 Done for the day.

Trades for 7-17-06 Contracts traded: 72 Net profit for the day: $1198.00 Done for the day.

My circuit breaker rules are still ON for this week as well. This means 1. smaller number of contracts, 2. "low-hanging fruit" trades only, 3. tighter stops etc. (see prior post). Some days there may not be any trades at all, but NO losses allowed for the time period.

Short 25 contracts Closed for net profit $3250.50 Finally closed the gap..... GOOD. Done for the day.

I do the open scalp on E mini futures, pretty much the same principle.

Pre-Open (EST) trades for 7-11-06: Long 22 contracts. Closed for net profit of $360.50. Flat before the open.

Es trades on CME, and Ym on CBOT. WHere does ER2 trade?

The answer is YES to all your questions.

TRADES for 7-10-06 From today there will be a format change in posting. So far I have been posting contracts traded and gross profit or loss. Starting today I will be posting Net profit or Loss. Short 10 contracts. Closed for NET PROFIT $465. Closed trading for the day.

Thanks, glenjohnson. That was very helpful.

Thank you. I will try that. Could you please tell me how to post a chart? SOmeone asked me about this. I went and right-clicked the mouse on the chart to copy so I could paste the chart here but it did not do it. Then I tired to save the chart to my c drive and then attach it here, and it...

Personal Musings: When I had large gains, some readers were skeptical about the "truth" in my posts. Surprisingly, no one came out expressing skepticism when I posted large losses....... Alas, the ways of the world....

DUE TO LOSSES LAST WEEK, Circuit Breakers are on for the new week: This means: 1. Go back to basics. 2. Take only "absolutely sure" trades or "low hanging fruit". 3. Drastically reduce the number of contracts to trade. 4. Have tighter stops. 5. NO LOSSES allowed for one full week of...

Absolutely true. Thank you for your thoughts. Very helpful and informative.

correction not closed for the loss but stopped out for the loss.

Long 95 contracts after the jobs report closed for LOSS of $ 10,000.00 DONE FOR THE DAY.