Oh No, NOT Another S&P EMini journal...

[KRSNA]

Quote from mishwar:

This is for KRSNA:

Sorry my last post wasn't correct. No text there.

Isnt PF = Gross Gain / Gross Loss ?

You said Net gain ?

Pl excuse if i am wrong. I cant wait till i get these figures for my trades but I dont have the spreadsheets with me right now. On another comp.

Thanks
mishwar

For me it is Net Gain/Gross Loss for a truthful Profit Factor. If the manual says different it was not written by a trader.

 

[KRSNA]

Quote from goodday:

Today's strategy was to fade the gap open.
Contracts traded: 122
Closed for net profit: $998.00

Done for the day.

Hi Goodday,

If you post your net gains and your gross losses, thus showing your PF I can add a few pieces of wisdom your figures might tell me.

To know how you are really going I would need to know your PF, then your CR could be brought into play.

But only if you want to.

Well done, nice trading.

 

[goodday]

Quote from KRSNA:

For me it is Net Gain/Gross Loss for a truthful Profit Factor. If the manual says different it was not written by a trader.

It makes sense even to me (a math challenged trader) to use net gains and gross loss to compute the PF.

Net gain because, that is what you take home.
Same way, gross loss is what you take home.

WHat you take home is what counts in figuring your performance, right?

 

[goodday]

Quote from KRSNA:

Hi Goodday,

If you post your net gains and your gross losses, thus showing your PF I can add a few pieces of wisdom your figures might tell me.

To know how you are really going I would need to know your PF, then your CR could be brought into play.

But only if you want to.

Well done, nice trading.

It is too cumbersome to go back and look at the gross loss for the past trades, but I will definitely do this for the future trades. But as you can see, I have already started to post the net gains.

WOuldn't it be nice if I would have no losses to report......
(I know, it is utopia... it does not exist, but nice to dream )

 

[nkhoi]

Quote from mishwar:

...I couldnt sleep last night and i have mouth ulcers .. burning today..

...
mishwar

this is off topic but I know exactly your problem, it is symptom of vitamin C defect, take at least 2,000 mg a day with plenty of water until it goes away, eventually your body will get enough vitamin and you don't need to take them any more.

 

[goodday]

Trades for 7-19-06

Long 53 contracts.
Closed for NET PROFIT $927.

Flat.

 

[goodday]

Contracts traded = Long 31 contracts
Closed for net profit = $966.50

Flat before the CPI news.

 

[myminitrading]

Quote from goodday:

Contracts traded = Long 31 contracts
Closed for net profit = $966.50

Flat before the CPI news.

I dont understand what your doing just posting long 32 contracts, long were? 1240? 1245?

 

[KRSNA]

Quote from goodday:

Contracts traded = Long 31 contracts
Closed for net profit = $966.50

Flat before the CPI news.

So is this ONE trade of 31 lots? Are all your posts from here on individual trade results?

 

[goodday]

Quote from KRSNA:

So is this ONE trade of 31 lots? Are all your posts from here on individual trade results?

No. I never enter more than 5 contracts at one time. After the first entry which is usually 5, I will add anywhere from 1-2--3 contracts at a time to my existing position. If you see my previous posts, you will notice that I scale in and scale out over a period of time.
The way to understand my post is as follows: In the last post, I have made a composite of all contracts traded since my last post, the general direction of the contracts I have taken, and the net gain for the new trades when I went flat.

It is very difficult to enter any more detail than what I have here. Otherwise it will take me all day to just post, no time left to trade.