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Short 2 ES contracts Closed for net profit =$93

Good Morning JJ. I always believed that a "system" is the least important of the variables in the recipe for trading success. I don't mean to say it is irrelevant but far less important a factor than most beginners realize . A lot of this discussion supports the same belief, atleast for me...

Short 2 ES contracts Closed for net profit =$93

TF is time frame. I am sure no further explanation is necessary on this one. PF refers to profit factor. You will find the formula for calculating it in one of the posts on this thread, thanks to KRSNA. Before his comments, I was simply looking at whether I made money or lost money in a given...

If you compare the stats for the 2 months posted here, that is correct. However, over a five year period, my larger account is averaging about 2.3 PF. I am noticing that I need to trade a bit differently in the smaller account than in the larger account... We shall see, as time goes on, how...

:D KRSNA, Have you ever considered becoming a trader's coach? I feel really great with you standing on the sidelines and cheering me on, ....mildly scolding me when I make a bad move, and loudly cheering me when I make a good one.... I could not ask for anything more..... YOU ARE A GREAT COACH...

Indeed more thinking for me.... I had some expectations of what sort of benefits I would get from starting this journal. But I am getting some very unexpected benefits, in addition to the expected ones. I have become very wealthy indeed, from this journal. Thanks every one, for giving...

NO, that is NOT the case. Just because I said I do not have an EDGE does not mean that I do not have a system or that I do not follow my system, or that I do not trust my system. I am aware that NO SYSTEM is perfect. I am happy with my trading system, rules, and my results. I DO NOT CONSIDER...

As usual, you are always insightful and helpful. THANKS. Definitely food for thought, as you said. Bear in mind, I did not say that I will definitely STOP trading for the rest of the month, even though it might turn out to be so. All I want to do for the rest of the month is be very...

When I started the new smaller account at the beginning of this month, my goal for this month was 10 % return on capital. As of right now, my net profit for the month is $2155.50. I have accomplished my goal in 10 trading days. I am not sure that I will stop trading for the rest of the month...

Total of 18 contracts traded for the day. Net profit for the day = $674.50 DONE FOR THE DAY.

Short 2 contracts Closed for $93 net profit

Long 2 contracts Closed for $94 net profit

Short 2+1= 3 contracts Closed for $102 net profit

Short 2+1= 3 contracts Closed for $139.50 net profit

Short 2 contracts Closed for $93 net profit

Short 2+1+1= 4 contracts Closed for $86 net profit

You are probably right, Romik. History is the best judge... but it is nice to be able to peer a little into the future and get a glimpse to see what will eventually happen.

Long 2 contracts Closed for $68 net profit

Fantastic JJ, Great success to you in this and all other ventures in trading....