Nice journal Puddles. I still wonder why you don't just trade the SPY, IWM, QQQQ, FAS, FAZ, or some other highly liquid etf. Nice trading but I bet that your win rate and profit factor would improve significantly.
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puddles 2011 trade journal (formerly a 70k bet..)
- Thread starter puddles
- Start date
<img src="http://puddles.humanfund.ca/20110204/spy.png">
<img src="http://puddles.humanfund.ca/20110204/jnpr.png">
<img src="http://puddles.humanfund.ca/20110204/pten.png">
10:10
LONG JNPR 39.22
STOP 39.09
TGT 39.48
- Sector strong, beast out of the open
- SPY sells then fully retraces by 10am, JNPR at the highs
- Long the higher low
- out -0.16
10:36
SHORT PTEN 24.79
STOP 24.93 (already to b/e at this point)
TGT 24.51
- PTEN on extended long watch
- Weak since the open, short under the bar
- Saw it setting up again so I took half off and bumped stop/tgt down
- Didn't get to my new tgt (.31)
- out +0.22 and +0.14
7-7 week, 7-5 month
http://puddles.humanfund.ca/wp/2011/02/04/2011-02-04-trades/
<img src="http://puddles.humanfund.ca/20110204/jnpr.png">
<img src="http://puddles.humanfund.ca/20110204/pten.png">
10:10
LONG JNPR 39.22
STOP 39.09
TGT 39.48
- Sector strong, beast out of the open
- SPY sells then fully retraces by 10am, JNPR at the highs
- Long the higher low
- out -0.16
10:36
SHORT PTEN 24.79
STOP 24.93 (already to b/e at this point)
TGT 24.51
- PTEN on extended long watch
- Weak since the open, short under the bar
- Saw it setting up again so I took half off and bumped stop/tgt down
- Didn't get to my new tgt (.31)
- out +0.22 and +0.14
7-7 week, 7-5 month
http://puddles.humanfund.ca/wp/2011/02/04/2011-02-04-trades/
Quote from freewilly:
I just felt it was a big waste after you spot a wonderful entry for JNPR.
I understand you trade with tight ranges. Have you thought to widen up the range?
my stops drive my target price (entry + 2x stop size).. i want them as tight as possible within reason. if they're too wide my targets are too far out as well..
i follow a very rigid system in terms of stops and tgts and i don't plan on modifying my criteria until i can see a statistically significant reason to.