puddles 2011 trade journal (formerly a 70k bet..)

Quote from NoDoji:

Hey, careful now, you're supposed to leave your ego at the door :p :p

I am forever thankful for the incredibly valuable lessons you demonstrated for me with your live calls day after day. My CL success was enhanced enormously by what I learned from you regarding trend, relative strength and weakness, positive R:R, inviolable risk management, using stop orders to let price take you into trades, and the ability of price to go where you simply don't believe it can go, yet it does, again and again :)

You are among those rare individuals who can demonstrate a trader's mindset at the hard right edge, no excuses. :cool:
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But how does my hair look??
*curtsey*
 
Quote from KDASFTG:

Greetings Again P,

Thanks for the excellent response. You obviously don't need me to tell you that your technical logic is sound, and your method produces the desired results. But I have one final quick question. I have noticed that a good number of your winning trades have tended to continue moving favorably long after your target was executed and you are out of the trade. This statement then begs the question of:

Q- Why wouldn't you just place a trailing stop at or slightly (above/below) your target price after it is passed, and then allow your profit to run its course, subsequently trailing (tops/bottoms) all the way until the stop is executed? With little or no additional effort in your current trade management, would this not increase your Average Win, and thus enhance the overall Expectation Profitability?

Thanks
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honestly, i don't think it happens as often as you think it does.. my stops are reasonably tight and if i were to give a trailing stop enough room i run the risk of stopping out below my 2:1 target which will mess things up. I was actually remarking today about how my back half trades have been performing terribly in 2011 and i've decided that I will cut back, take full 2:1 trades and paper trade the back halfs until i'm happy with my result.
 
Quote from NoDoji:

GEEZ!!!!!!!!!!!!!

Is it really you?

*******

Puddles, nice trading :)

I especially like that AMT setup, one of my favorites. The "apparent" trend reversal sucked in shorts at the lower high, but is now retracing and has retraced more than 50% of the deep pullback. I call this setup the HOD magnet. Once it's gone this far, it's required by law to go sniff at that high :D
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I actually had an AMT long at 9:37, it was in play with my MHS long which I had split into multiple brackets since I really expected MHS to run.. Since nic stopped us out in MHS i had some orders to clean up so i just started cancelling. I ended up cancelling my AMT bracket (47.79 entry, .59 stop, 48.19 tgt).. I set up the bracket again and next thing I know I've flattened the trade out by accident. out AMT +5c?

I hope you're doing well. I'd imagine you're killing CL with all the volatility the earthquake added..

as for the afternoon AMT winner.. I think I had my first order out before geez. :)

I also cancelled and re-sent it 4 more times, glad I did!

<img src="http://puddles.humanfund.ca/20110322/amt_orders.png">
 
Quote from geez:

but my hair still looks good puddles!!!! NOD said so!!!

By the way, nice textbook trades today!
Rock on Rockstar!
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i'm always too busy looking at your ass to notice your hair..
 
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