You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
A 70k bet that I can't make a 50% gain in 2009
- Thread starter geez
- Start date
<img src="http://puddles.humanfund.ca/20101230/spy.png">
<img src="http://puddles.humanfund.ca/20101230/nem.png">
<img src="http://puddles.humanfund.ca/20101230/ecl.png">
<img src="http://puddles.humanfund.ca/20101230/apc.png">
10:08
SHORT NEM 60.99
STOP 61.09
TGT 60.79
- Tight lower high at support
- out -0.13
10:17
LONG ECL 50.51
STOP 50.40
TGT 50.73
- Jamming up against resistance at .50
- Long the break
- out -0.12
10:18
LONG APC 74.76
STOP 74.48
TGT 75.32
- Huge gap up on news
- APC heading higher after 10am as SPY tanks
- Long over a bar
- out +0.54
http://puddles.humanfund.ca/wp/2010/12/30/2010-12-30-trades/
<img src="http://puddles.humanfund.ca/20101230/nem.png">
<img src="http://puddles.humanfund.ca/20101230/ecl.png">
<img src="http://puddles.humanfund.ca/20101230/apc.png">
10:08
SHORT NEM 60.99
STOP 61.09
TGT 60.79
- Tight lower high at support
- out -0.13
10:17
LONG ECL 50.51
STOP 50.40
TGT 50.73
- Jamming up against resistance at .50
- Long the break
- out -0.12
10:18
LONG APC 74.76
STOP 74.48
TGT 75.32
- Huge gap up on news
- APC heading higher after 10am as SPY tanks
- Long over a bar
- out +0.54
http://puddles.humanfund.ca/wp/2010/12/30/2010-12-30-trades/
<img src="http://puddles.humanfund.ca/20101231/spy.png">
<img src="http://puddles.humanfund.ca/20101231/wynn.png">
<img src="http://puddles.humanfund.ca/20101231/rimm.png">
<img src="http://puddles.humanfund.ca/20101231/apc.png">
<img src="http://puddles.humanfund.ca/20101231/lvs.png">
<img src="http://puddles.humanfund.ca/20101231/ual.png">
The data feed to my scanner had issues at the open so I had no gap list and no scans until about 10am.
Flying blind sucks..
9:43
SHORT WYNN 100.99
STOP 101.13
- Market weak, WYNN not even that weak
- Short the break of the round number
- Really thin and spready, absolutely rapes me on the stop out
- out -0.26
9:50
SHORT RIMM 57.59
STOP 57.67
- Same story as above, stopped out in maybe 10 seconds.
- out -0.11
10:00
LONG APC 76.88
STOP 76.68
TGT 77.28
- APC gaps up again on rumors
- Beauty higher low at the highs while SPY looks like it's gonna reverse
- out +0.40
10:06
LONG LVS 45.16
STOP 45.01
TGT 45.46
- LVS moving hard before 10am against a very weak SPY
- Forgot to switch to 5min after 10am, long over the higher low
- out +0.29
10:07
LONG UAL 24.36
STOP 24.39
TGT 24.5
- UAL jamming up against resistance at .35
- UAL making that triangle thingy
- out -0.07
9-11 week to close out a 48-61 month (44%). I'll be doing a year end summary shortly and probably starting a brand new journal for 2011
http://puddles.humanfund.ca/wp/2010/12/31/2010-12-31-trades/
<img src="http://puddles.humanfund.ca/20101231/wynn.png">
<img src="http://puddles.humanfund.ca/20101231/rimm.png">
<img src="http://puddles.humanfund.ca/20101231/apc.png">
<img src="http://puddles.humanfund.ca/20101231/lvs.png">
<img src="http://puddles.humanfund.ca/20101231/ual.png">
The data feed to my scanner had issues at the open so I had no gap list and no scans until about 10am.
Flying blind sucks..
9:43
SHORT WYNN 100.99
STOP 101.13
- Market weak, WYNN not even that weak
- Short the break of the round number
- Really thin and spready, absolutely rapes me on the stop out
- out -0.26
9:50
SHORT RIMM 57.59
STOP 57.67
- Same story as above, stopped out in maybe 10 seconds.
- out -0.11
10:00
LONG APC 76.88
STOP 76.68
TGT 77.28
- APC gaps up again on rumors
- Beauty higher low at the highs while SPY looks like it's gonna reverse
- out +0.40
10:06
LONG LVS 45.16
STOP 45.01
TGT 45.46
- LVS moving hard before 10am against a very weak SPY
- Forgot to switch to 5min after 10am, long over the higher low
- out +0.29
10:07
LONG UAL 24.36
STOP 24.39
TGT 24.5
- UAL jamming up against resistance at .35
- UAL making that triangle thingy
- out -0.07
9-11 week to close out a 48-61 month (44%). I'll be doing a year end summary shortly and probably starting a brand new journal for 2011
http://puddles.humanfund.ca/wp/2010/12/31/2010-12-31-trades/
<img src="http://puddles.humanfund.ca/2010-results.png">
2010 Summary
Over the last 8 months I've chatted, emailed, called and visited with geez. He has taught me a ton and I'd like to think I've given him some tools that helped his 2010 bottom line. I've gone from an emotional part-time trader off a 15" laptop to someone with a system, limits and pretty decent execution (and 4x23" lcds).
I've come a long way but I fully understand there is a long way to go. I still consider myself to be in the learning phase and my goal is to be able to find and execute my system as best I can on any given day. To paraphrase the great coach Taylor - profit is not a goal, it's a byproduct.
I managed to endure a pretty cold Q4 where I sized my max loss per trade down but stuck to my system. The cold streaks snapped and I managed to finish my months at decent winrates. Unfortunately smaller loss sizes create sizing issues which can create far from optimal results but I'm comfortable with the fact that when I size up I should be grinding out profits just doing what I've always been doing.
The year end numbers..
280 wins, 350 losses, 44.44% winrate.
104 "green" days, 48 "red" days. a green day is defined as 50% or greater on the days trades regardless of P&L.
All trades were posted in this journal with a 2:1 R:R. Actual results were almost always less that 2:1 due to slippage on entry and sometimes on exit (stop mkt) but results were at least 1.8:1 in virtually all cases.
I intend on starting a new journal in 2011, hope to see you all there.
http://puddles.humanfund.ca/wp/2010/12/31/2010-summary/
2010 Summary
Over the last 8 months I've chatted, emailed, called and visited with geez. He has taught me a ton and I'd like to think I've given him some tools that helped his 2010 bottom line. I've gone from an emotional part-time trader off a 15" laptop to someone with a system, limits and pretty decent execution (and 4x23" lcds).
I've come a long way but I fully understand there is a long way to go. I still consider myself to be in the learning phase and my goal is to be able to find and execute my system as best I can on any given day. To paraphrase the great coach Taylor - profit is not a goal, it's a byproduct.
I managed to endure a pretty cold Q4 where I sized my max loss per trade down but stuck to my system. The cold streaks snapped and I managed to finish my months at decent winrates. Unfortunately smaller loss sizes create sizing issues which can create far from optimal results but I'm comfortable with the fact that when I size up I should be grinding out profits just doing what I've always been doing.
The year end numbers..
280 wins, 350 losses, 44.44% winrate.
104 "green" days, 48 "red" days. a green day is defined as 50% or greater on the days trades regardless of P&L.
All trades were posted in this journal with a 2:1 R:R. Actual results were almost always less that 2:1 due to slippage on entry and sometimes on exit (stop mkt) but results were at least 1.8:1 in virtually all cases.
I intend on starting a new journal in 2011, hope to see you all there.
http://puddles.humanfund.ca/wp/2010/12/31/2010-summary/
Quote from geez:
1/05 trades:
10:03 GLD SHORT 800 shares
entry 83.95
stop 84.20
tgt 83.45
exit 83.45
p/l +385.80
10:10 AAPL LONG 350 shares
entry 93.55
stop 93.00
tgt 94.55
exit 94.64
p/l +367.30
15:08 RIMM SHORT 650 shares
entry 43.75
stop 44.05
tgt 43.15
exit 43.25
p/l +311.50
1/05 TOTAL: +1064.60
as I'm about to start a new journal I decided to re-read the first couple pages and found this gem of a day..
GLD @ $84
AAPL @ $93
RIMM @ $43
Quote from puddles:
<img src="http://puddles.humanfund.ca/2010-results.png">
2010 Summary
The year end numbers..
280 wins, 350 losses, 44.44% winrate.
104 "green" days, 48 "red" days. a green day is defined as 50% or greater on the days trades regardless of P&L.
All trades were posted in this journal with a 2:1 R:R. Actual results were almost always less that 2:1 due to slippage on entry and sometimes on exit (stop mkt) but results were at least 1.8:1 in virtually all cases.
I intend on starting a new journal in 2011, hope to see you all there.
http://puddles.humanfund.ca/wp/2010/12/31/2010-summary/
Hey, don't you know? Daytrading, according to 95% of ET members, is just a pipe dream. What you've been doing doesn't exist, it's just an illusion, it's not even theoretically possible...lol.
Great Journal, great Discipline, relatively simple system (which is always a good sign IMO).
Looking forward to your new journal.