A 70k bet that I can't make a 50% gain in 2009

<img src="http://puddles.humanfund.ca/20100723/spy.png">

<img src="http://puddles.humanfund.ca/20100723/ntap.png">

<img src="http://puddles.humanfund.ca/20100723/abc.png">

<img src="http://puddles.humanfund.ca/20100723/me.png">

<img src="http://puddles.humanfund.ca/20100723/rimm.png">

<img src="http://puddles.humanfund.ca/20100723/rig.png">

9:55

LONG NTAP 42.01
STOP 41.85
TGT somewhere

- NTAP over 42 was on long watch
- Long over the break
- out -0.19 (slip)
- Should have waited for it to establish over 42 more

10:10

SHORT ABC 21.31
STOP 21.48
TGT 21.00

- ABC super weak relative to SPY
- Short under the last bar
- out +0.31

10:13

LONG ME 23.01
STOP 22.92
TGT 23.19

- ME was on my daily long watch list
- Strong out the gate
- Long over the break of the round #
- out +0.18

i could have added at .13 but didn't. geezy did and grabbed a nice +0.20 on it.

10:56

LONG RIMM 55.52
STOP 55.4
TGT 55.76

- I was long RIMM at i believe .36 but I fat fingered while setting up the stop and took it for a few pennies
- A little tilted I took another long over a bar
- out -0.12

13:56

SHORT RIG 45.72
StOP 45.92
TGT 45.32

- SPY super strong between 1-2pm
- RIG making new lows
- Short the tight higher low
- out -0.2

8-10 on the week, 23-26 on the month..

http://puddles.humanfund.ca/wp/2010/07/23/2010-07-23-trades/
 
Hi Puddles,

With trading costs such as comissions / slippage / sizing mistakes what does your win rate have to be to be profitable with this method?

Thanks,
 
Quote from mindtrade:

Hi Puddles,

With trading costs such as comissions / slippage / sizing mistakes what does your win rate have to be to be profitable with this method?

Thanks,
More...

about 36-37% to break even...

i'm running 44% since i started this journal which has been through some traditionally bad months to trade (june, july)..
 
Quote from puddles:

about 36-37% to break even...

i'm running 44% since i started this journal which has been through some traditionally bad months to trade (june, july)..
More...

Excellent. Glad to see you are making some moola!
 
Quote from puddles:

about 36-37% to break even...

i'm running 44% since i started this journal which has been through some traditionally bad months to trade (june, july)..
More...

This is how a 1:2 risk/reward ratio becomes an edge in and of itself and why I recommend this journal to everyone who wants some solid trading advice!
 
stupid day job really clogging up my morning.

10:25

LONG AIG 39.01
STOP 38.82
TGT somewhere up there

out -0.19 in 15 seconds

10:46

SHORT MON 57.54
STOP 57.72
TGT 57.18

out +0.36
 
Quote from NoDoji:

This is how a 1:2 risk/reward ratio becomes an edge in and of itself and why I recommend this journal to everyone who wants some solid trading advice!
More...

Rigid adherence to positive risk reward ratios does not interest the grail seeker. Thank goodness for the rest of us....
 
<img src="http://puddles.humanfund.ca/20100726/spy.png">

<img src="http://puddles.humanfund.ca/20100726/aig.png">

<img src="http://puddles.humanfund.ca/20100726/mon.png">

10:25

LONG AIG 39.01
STOP 38.82
TGT somewhere up there

- AIG ripping from the open
- missed the first higher low set up, take the next one hoping there's some heat left behind it.
- out -0.19 in 15 seconds

10:46

SHORT MON 57.54
STOP 57.72
TGT 57.18

- SPY strong from the opening but weaking up a bit after 10am
- MON weak and making new lows
- Short the lower high
- out +0.36

14:30

SHORT MON 56.54
STOP 56.65
TGT 56.32

- SPY falling off in afternoon
- MON puts in a tight lower high near it's lows
- out b/e

http://puddles.humanfund.ca/wp/2010/07/26/2010-07-26-trades/
 
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