Had a good day today.... total up $751 US. mostly on ES, some on CL and EURUSD.
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ES Journal Archive (2011)
- Thread starter Buy1Sell2
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Had a good day today.... total up $751 US. mostly on ES, some on CL and EURUSD.
looks like we sell and rinse again tomorrow. 50 day on the SPX has been anything but supportive and we fell through. A re-touch could be a good short entry. Looking for a bubbly double top open to eye short. A little central bank intervention. Watch Gold, been nicely correlated with SPX so far.
Quote from gmst:
everyone should post their pnl also at the end of day ..
This would be most helpful I think if expressed as points gained or lost, per contract traded.
So for example:
* 4 trades, trading 3 contracts each time, and making 3 points on each trade, gives +12 total points, yet per contract you had a +4 day.
* 4 trades, trading 1 contract each time, making 2 points on each trade, gives +8 total points, and per contract you had a +8 day
* 1 trade, trading 40 contracts, making 20 total points on this trade, gives a daily per contract win of +0.50
This does not divide further and consider points per trade; who cares if it takes you 1 trade or 10 to make 5 points? As long as commissions are accounted for, then it makes no difference.
What this does, however, it strip away the size, and show how you personally did, free of any account size bias. I know it's not as simple as "add size," however it means that if the second trader in the above example were trading with 40 lots like the third trader, that he would have made 320 points, compared with the third trader's 20 points. His actual trading performance was much better (16x better actually) than the third trader, even though he made only 40% of the money. In other words, who would have done the best, if they were all trading the same size?
Why not post to the P&L thread?
What purpose does it serve to compare end of day P&L when half the posters on here edit and delete posts to keep their ego happy. A third of the remaining only paper trade.
This has always been a good thread (ups and downs of course) because people add tidbits and nuggets throughout the day of what they are seeing or they post a trade with tgt, stop, and entry and let the rest formulate the "whys" based on the chart.
Goofy sizes and questionable entries do nothing but add t the long list of "ignored" posters.
The last time I checked, the only person that really mattered when viewing my P&L was the one making the weekly withdrawals. And that guy is the one who did the trading.
My $.02.
Wander and Travel.....it's a lifestyle.
What purpose does it serve to compare end of day P&L when half the posters on here edit and delete posts to keep their ego happy. A third of the remaining only paper trade.
This has always been a good thread (ups and downs of course) because people add tidbits and nuggets throughout the day of what they are seeing or they post a trade with tgt, stop, and entry and let the rest formulate the "whys" based on the chart.
Goofy sizes and questionable entries do nothing but add t the long list of "ignored" posters.
The last time I checked, the only person that really mattered when viewing my P&L was the one making the weekly withdrawals. And that guy is the one who did the trading.
My $.02.
Wander and Travel.....it's a lifestyle.
Got filled for a long at 1203.00 while i was out. Target 1230.00. Haha, hopefully.
Thanks guys for sharing your pnl and different views on how it should be shared and what value (if any) its going to add. Just 4 points:
1) Josh idea is the best IMO, to express the pnl in points, dollar pnl is also welcome though.
2) In this thread, I am only asking to post ES trading pnl. For e.g. I made 43$ today trading ES, my pnl from trading EURUSD and gold is not included in it. For sharing total pnl, ET already has the pnl thread.
3) Ammo/Trvlwanderer have a good points that we do not want this to become an ego contest, and what value does it add. I think it adds most value to new traders to see how they are doing and how much they can improve. Finally, I think if everyone is honest, it will definitely act as a motivation to beginner ES traders.
4) And finally, no one want an ego contest/fake blotters. I will say lets try this till this month end, and if it starts to become an ego contest and a nuissance, we stop it from new year.
what say folks!!
Cheers,
-GMST
1) Josh idea is the best IMO, to express the pnl in points, dollar pnl is also welcome though.
2) In this thread, I am only asking to post ES trading pnl. For e.g. I made 43$ today trading ES, my pnl from trading EURUSD and gold is not included in it. For sharing total pnl, ET already has the pnl thread.
3) Ammo/Trvlwanderer have a good points that we do not want this to become an ego contest, and what value does it add. I think it adds most value to new traders to see how they are doing and how much they can improve. Finally, I think if everyone is honest, it will definitely act as a motivation to beginner ES traders.
4) And finally, no one want an ego contest/fake blotters. I will say lets try this till this month end, and if it starts to become an ego contest and a nuissance, we stop it from new year.
what say folks!!
Cheers,
-GMST
Quote from gmst:
Thanks guys for sharing your pnl and different views on how it should be shared and what value (if any) its going to add. Just 4 points:
1) Josh idea is the best IMO, to express the pnl in points, dollar pnl is also welcome though.
2) In this thread, I am only asking to post ES trading pnl. For e.g. I made 43$ today trading ES, my pnl from trading EURUSD and gold is not included in it. For sharing total pnl, ET already has the pnl thread.
3) Ammo/Trvlwanderer have a good points that we do not want this to become an ego contest, and what value does it add. I think it adds most value to new traders to see how they are doing and how much they can improve. Finally, I think if everyone is honest, it will definitely act as a motivation to beginner ES traders.
4) And finally, no one want an ego contest/fake blotters. I will say lets try this till this month end, and if it starts to become an ego contest and a nuissance, we stop it from new year.
what say folks!!
Cheers,
-GMST
Suggest you do a search for Trader P/L There have been devoted threads for this for at least the last 6 years. Does this really need to turn into another one?
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