Look at the blotter attached below. I made that trade today with one contract. Now, I have no idea whether it was luck or if it was skill. I've tried to develop a method that can give a low risk/reward ratio consistently, but I have to accept that I failed in finding a way. The best it looks like I'm able to get is 1:2. I have no idea what the win rate is but I know the sitting and waiting for a signal is gonna lead to mistakes that will cost money in the long run.
So, I have to say I failed at developing a system that can generate huge returns with low risks and high probability. The issue I'm having is mainly with timing so that my stops can be minimum. But that's like trying to shoot a 1" bulleyes 27 mile away.
So, now I think the only way I can get those big return is to go back to the strategy that I was using back in july/aug 2010. It seems like that what I should do. I was thinking about it last night when I stopped at a red light and the odometer read 277.9 and at a second light it read 279.3. So, it seems like someone else wants the same thing. I don't even know if it's a good idea, but I might as well give it a try. You'll understand if you read my journal.
