KGTrader4 Real Money

Bought XLF @35.62 half position, possible additional buy coming. stop 32, initial target if I had to name one , $40. But I’m thinking this is a position trade and May hold for a while . rates will continue higher, good for banks.
 
Last edited:
Began trading and trackig April 19th, so as of end of May, 6 weeks -
13 positions initiated and closed out
7 wins 6 losses
Average win $838
Average loss $613

Net gain (Not including open positions) $1720.

Not sure what to take from this data. What i do know is
1. i have a lack of discipline, did some trades i know i should not have done, and probably shouldn't have even included them in the calculations. For example, SPY, invested $116k, made 2k, but my starting stated capital was $100k. I didnt use margin, the account value is over $1MM, I just segregated the trading money out, on a spreadsheet. I think starting tomorrow, i am going to start doing my "trading" in a separate account i have set up, with a value of $45,900. Its a solo 401k that i set up last year and is all cash except for a small position in WFC which i will sell tomorrow.

2. i don't pay attention to lessons learned. (example, trade mentioned above in SPY, I made a comment in the Notes section of the spreadsheet that said "DONT DO THIS AGAIN". Then i did it a week later.

3. I have to figure out what i want this to look like. Am i a swing trader or a position trader.

4. What do i want to do with stops. I dont like them. Maybe i need to give myself more room, in some situations, especially if i am going to think in terms of position vs swing.

5. I need to slow down.

I am going to start working on a set of rules. Will post elsewhere in strategy section.


upload_2022-5-31_16-22-28.png
 
easymon1 said:
How'd you like to get free analysis for a trade you are looking at?
It can be had by phone or by email.
More...
Thanks for the offer.
First nothing I’m looking at specifically, second, no disrespect, really, but , what’s your motivation, nothing is free lol. Third, it’ll just confuse me.
 
KGTrader4 said:
Thanks for the offer.
First nothing I’m looking at specifically, second, no disrespect, really, but , what’s your motivation, nothing is free lol. Third, it’ll just confuse me.
More...
LOL, not by me. That's a good one.
No, by some traders that do it every week day as a service.
lol, you're too much.
They do this in front of god and everybody and it's easy to note and follow up to see how their results pan out. I see that you're paying for the info so thought that maybe free would be in your wheelhouse as well.
No problemo.
 
easymon1 said:
LOL, not by me. That's a good one.
No, by some traders that do it every week day as a service.
lol, you're too much.
They do this in front of god and everybody and it's easy to note and follow up to see how their results pan out. I see that you're paying for the info so thought that maybe free would be in your wheelhouse as well.
No problemo.
More...
Apologies if I’m wrong, but you can see why I might think that, not knowing you, correct?

I will take you up on the offer, now that I got your reaction. I’ll direct message you when I have something I’m looking at. How’s that?
 
KGTrader4 said:
Apologies if I’m wrong, but you can see why I might think that, not knowing you, correct?

I will take you up on the offer, now that I got your reaction. I’ll direct message you when I have something I’m looking at. How’s that?
More...
May as well eliminate the middleman, here's their contact info...
https://mail.tfnn.com/contact.php
Dave White, Steve Rhodes do email and live calls, Tom O'Brien, Basil Chapman take live calls.
 
You must log in or register to reply here.
Back
Top