The Tao of Minimalistic Trading: $300 Daily Profit

schizo said:
Just 1 trade today that netted a gain of 8.50 points or $425.

Code: 
Today's Trade Stat

No. of Trades (Round-trip)*: 1
No. of Winners: 1
No. of Losers: 0
W/L Ratio: 1
Avg Gain: 8.50
Avg Loss: 0
Cumulative P/L: +8.50 Points

* Breakeven trades have been omitted

$300 Daily Challenge (1/04/16 - 1/29/16)
Winning Days (>= $300): 8
Losing Days (< $300): 5
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Very nice.
I lost 4 points yesterday. Happened early on, and then I had technical problems and couldn't get my platform working properly to even try to recover the losses.
Possibly for the best, though. Knowing me, I'd have likely been trying to catch a bottom too early and could have lost a lot more!
 
Aj2014 said:
Possibly for the best, though. Knowing me, I'd have likely been trying to catch a bottom too early and could have lost a lot more!
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That sound exactly like me! Let's find one more noob and we can form our own three stooges. :D
 
schizo said:
This day ends with a loss of 8.75 points or $437.50. I would normally add a note here outlining all the day's travail, explaining what went wrong and the state of mind I was in as these losses mounted, but I will refrain from doing so
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For me, those rather personal comments about your state of mind are half the reason for following this thread. It shows you're human and how you're learning to deal with it.

As for the loss, I know you see my question coming from a mile away... Did you break any specific rules from your plan to end up exceeding your maximum daily loss by 45% like that? Or do you actually set yourself a more fuzzy maximum and still consider the day in line with the worst case you're comfortable with? (My main theme is risk aversion, so I'm naturally curious.)
 
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