NQ Paper Trade Journal
- Thread starter A2x2
- Start date
Exit @ 4743.75 [+13.25]
2016-12-02 Summary
Daily P&L: +$140 (5 trades, 2 winners, 3 losers)
Good day today overall. My first trade I should have exercised prudent risk management by moving my stop once I was well into the profits. Had I been more careful I could be up an additional +$160 to +$260 to my P&L today. A reminder that prudent risk management is just as important as execution! What's interesting is today's chart formation was very similar to this past Monday's, when I got absolutely destroyed. Today's performance was much better.
Weekly P&L = -$70
Weekly Win / Loss Ratio = 8/12 (40% win rate)
Even though I finished the week in the negative, some good things happened in the past 4 out of 5 days (Monday being the anomaly). Utilizing smaller stops (3 to 5 points max) it makes me more patient on the set ups, and also the smaller losses doesn't hurt my P&L as much. This past Monday was the first time I utilized the smaller stops and went a bit trigger happy attempting to find the tops and bottoms.
Weekly P&L (not including Monday) =+$342
Weekly Win / Loss Ratio (not including Monday) = 6/6 (50% win rate)
Daily P&L: +$140 (5 trades, 2 winners, 3 losers)
Good day today overall. My first trade I should have exercised prudent risk management by moving my stop once I was well into the profits. Had I been more careful I could be up an additional +$160 to +$260 to my P&L today. A reminder that prudent risk management is just as important as execution! What's interesting is today's chart formation was very similar to this past Monday's, when I got absolutely destroyed. Today's performance was much better.
Weekly P&L = -$70
Weekly Win / Loss Ratio = 8/12 (40% win rate)
Even though I finished the week in the negative, some good things happened in the past 4 out of 5 days (Monday being the anomaly). Utilizing smaller stops (3 to 5 points max) it makes me more patient on the set ups, and also the smaller losses doesn't hurt my P&L as much. This past Monday was the first time I utilized the smaller stops and went a bit trigger happy attempting to find the tops and bottoms.
Weekly P&L (not including Monday) =+$342
Weekly Win / Loss Ratio (not including Monday) = 6/6 (50% win rate)
Attachments
Exit @ 4777 [-3.0]
Mr big Mac
when will you come back to Forex ??
when will you come back to Forex ??