The Tao of Minimalistic Trading: $300 Daily Profit

We should see 60 as the LOD. It should be a safe bet to enter long. I think they will try one more attempt to rig this market higher. But not me, I have better plans to spend my day. I think I'll cruise myself down Santa Monica Blvd. :finger: :finger:
 
Decided to sleep in late today. I guess there is one good thing about this business, that I can take the day off whenever I want. The market apparently doesn't care whether I trade or not. My absence will not upset anyone as it would were I working for someone else. Only a missed opportunity, eg. coulda, woulda, shoulda. But then again, there's always another day.


Time to ring in the new year. May y'all drown in prosperity!!! :finger:
 
Here's a quick recap of where things stand at the end of this month.


$300 Daily Challenge (12/09/15 - 12/31/15)
  • Winning Days (>= $300): 8
  • Losing Days (< $300): 5
Code: 
This Month's Trade Stat

No. of Trading days: 13
No. of days above $300 (Sum of 8 days / $300)*: 15
No. of days between $0 - $300: 4
No. of Losing days below $0: 1
Cumulative P/L: +90.25

* Of the days that met the daily objective of 6 points or $300, 3 days ended with a profit of 6 points or more, 4 had 10 points or more, and 1 made over 25 points, resulting in a profit of 89 points. That was divided by 6 to come up with this figure.
 
Total # of roundtrips, cost per round trip, and monthly data fee would be most helpful. Sadly the increased cost in commissions for CME products coming in 2016 will increase the rate of attrition for CME retail traders.
 
Q3D said:
Total # of roundtrips, cost per round trip, and monthly data fee would be most helpful. Sadly the increased cost in commissions for CME products coming in 2016 will increase the rate of attrition for CME retail traders.
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I made about 135 round trips, forking over $400 in commission to the middle man. I'm not using any 3rd-party datafeed for this account.

CME is jacking up 1-cent from $0.76 to $0.77 per lot (CME Equity products). So in my case, I would be doling out $2.70 in extra commission. Not a big deal. Anyway, I'm pretty sure this ain't the first time they are raising the fee and it certainly won't be the last. I guess if you don't like it, you can always trade non-CME products. But I bet other exchanges will soon follow suit as well so, in the end, it's all back to the same ol', same ol'.
 
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This market looks downright scary. I would be on high alert if you have a long position. As a matter of fact, I wouldn't be surprised if the circuit breaker gets triggered in the coming days. On that note, brace yourself for some heavy turbulence all throughout this week.
 
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