johnny_utah's daily journal

Good day, lots of action everywhere. One thing that stands out today is my shorts... got 7 out of 7.

Total Trades: 44
Shares: 8660
Winners: 26
Losers: 18
Win %: 59
Avg Win $: 25
Avg Loss $: -18
Max Win $: 116
Max Loss $: -96
Win$/Loss$: 1.98
Gross P/L: +320
 

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Quote from Slope Trader:

Hi Johnny,

On a day when you make around 50 trades, approximately how much do you pay in commissions?

Approx. 80 bucks (including ECN, SEC & misc fees).
 
Another productive day. I really like the action so far this month. Lots of intraday swings in the indexes provides lots of opportunities in individual stocks.
I'm particularly proud of today's avg. win/avg. loss ratio, almost to 3:1.

Total Trades: 30
Shares: 6000
Winners: 14
Losers: 16
Win %: 47
Avg Win $: 30
Avg Loss $: -11
Max Win $: 165
Max Loss $: -21
Win$/Loss$: 2.32
Gross P/L: +242
 

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Not much action today with S&P in a narrow 6 pt range. Despite that was able to post decent profit.

Total Trades: 43
Shares: 8600
Winners: 23
Losers: 20
Win %: 53
Avg Win $: 23
Avg Loss $: -15
Max Win $: 183
Max Loss $: -101
Win$/Loss$: 1.74
Gross P/L: +227
 

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Didn't get to trade as much as I would like (too many distractions), therefore I concentrated on quality over quantity. Things worked out well. The large max loss was due to very wide spread on that particular stock.

Total Trades: 13
Shares: 2330
Winners: 6
Losers: 7
Win %: 46
Avg Win $: 90
Avg Loss $: -39
Max Win $: 245
Max Loss $: -143
Win$/Loss$: 1.99
Gross P/L: 269
 

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My system is based on price action, no indicators just very basic charts (5 min & 1 min). I will glance at daily sometimes for certain types of setups. Also watching the ES constantly throughout the day to judge the general market sentiment and overall bias (long/short).
 
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