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puddles 2011 trade journal (formerly a 70k bet..)
- Thread starter puddles
- Start date
Quote from puddles:
Hi, you might know me from threads such as "A 70k bet that I can't make a 50% gain in 2009" ( http://www.elitetrader.com/vb/showthread.php?s=&threadid=148752 ).
A little about me
I trade part-time and trading is not a form of income for me (yet). I still consider myself in my first full year of trading as I started following a well defined system and posting trades in May 2010. I try to trade with a 2:1 R:R. After a trade has been entered it has only 2 possible outcomes; stop or tgt. The stop may be moved to b/e after the stock gets very close to tgt (around 80% of the way there). I use a max loss per trade and size all entries accordingly. After slippage and commissions i'm expecting my winners to be 1.8x bigger than my losers over a large sample size.
I finished last year with a 44% winrate and hope to have similar (or better) results this year.
I will attempt to post trades in real time but this may not always be possible. At the end of each day I will post a summary with charts and a write-up for each entry.
What is your return last year? Did you use this method (2:1 R:R) exclusively last year?
Thanks,
FR
Quote from freewilly:
What is your return last year? Did you use this method (2:1 R:R) exclusively last year?
Thanks,
FR
i used this method exclusively for my prior journal (2010).
here is a link to my 2010 summary:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=148752s=&postid=3050214#post3050214
<img src="http://puddles.humanfund.ca/20110207/spy.png">
<img src="http://puddles.humanfund.ca/20110207/nov.png">
<img src="http://puddles.humanfund.ca/20110207/unh.png">
<img src="http://puddles.humanfund.ca/20110207/lvs.png">
<img src="http://puddles.humanfund.ca/20110207/fcx.png">
10:10
LONG NOV 78.2
STOP 77.99
TGT 78.62
- Daily long list
- Tight higher low, support at .00
- out +0.4
10:14
SHORT UNH 41.68
STOP 41.8
TGT 41.44
- Weak and red on a very strong day in the market
- Tight lower high about 20 minutes after a big selloff
- Probably shouldn't have been short anything on a day this strong until SPY showed some weakness
- out -0.13
13:01
LONG LVS 46.79
STOP 46.65
TGT 47.07
- Missed a perfect entry around 12:40
- Chased the next one
- out -0.17
14:38
SHORT FCX 55.94
StOP 56.05
TGT 55.72
- FCX weak from 11:30 onward
- SPY chopping at the top of it's range but drifting lower
- FCX showing slight support at .95
- Short the break
- out +0.22
http://puddles.humanfund.ca/wp/2011/02/07/2011-02-07-trades/
<img src="http://puddles.humanfund.ca/20110207/nov.png">
<img src="http://puddles.humanfund.ca/20110207/unh.png">
<img src="http://puddles.humanfund.ca/20110207/lvs.png">
<img src="http://puddles.humanfund.ca/20110207/fcx.png">
10:10
LONG NOV 78.2
STOP 77.99
TGT 78.62
- Daily long list
- Tight higher low, support at .00
- out +0.4
10:14
SHORT UNH 41.68
STOP 41.8
TGT 41.44
- Weak and red on a very strong day in the market
- Tight lower high about 20 minutes after a big selloff
- Probably shouldn't have been short anything on a day this strong until SPY showed some weakness
- out -0.13
13:01
LONG LVS 46.79
STOP 46.65
TGT 47.07
- Missed a perfect entry around 12:40
- Chased the next one
- out -0.17
14:38
SHORT FCX 55.94
StOP 56.05
TGT 55.72
- FCX weak from 11:30 onward
- SPY chopping at the top of it's range but drifting lower
- FCX showing slight support at .95
- Short the break
- out +0.22
http://puddles.humanfund.ca/wp/2011/02/07/2011-02-07-trades/