lol
tradeking007yahoo futures Journal
- Thread starter tradeking007yahoo
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that was for sure a catalyst!!
let's just say it was full on damage control in all my accounts today! glad i sold half of snap and jmia yesterday but i did think we would get some buying today on dips but nope. not a chance and i paid for it dearly!!
made some great trades this mornign quickly in the SAC ( Small account challenge)
then put on some.. dumb and totally opposite of anything i did in this account all week,.
Bought 7 micro es and let them ride to catastrophe!! gathering results.. not good and the volatility of this small account is very very high.
I even bought a spread not kidding in this account and got walloped on that too!!
no matter how long you live in trading you rarely learn!
oh yeah and getting ultra cocky can be a downfall as well as sizing up which can lead to SEIZING UP!
anyway buy and hold in this account and adding to losers didnt fare well at all today!
made some great trades this mornign quickly in the SAC ( Small account challenge)
then put on some.. dumb and totally opposite of anything i did in this account all week,.
Bought 7 micro es and let them ride to catastrophe!! gathering results.. not good and the volatility of this small account is very very high.
I even bought a spread not kidding in this account and got walloped on that too!!
no matter how long you live in trading you rarely learn!
oh yeah and getting ultra cocky can be a downfall as well as sizing up which can lead to SEIZING UP!
anyway buy and hold in this account and adding to losers didnt fare well at all today!
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just went for it and increased size on the worst days possible right after
talking about a sell off and understanding one was due and the initial trades were winnig shorts but then... KABOOOOM as the longs just kept getting crushed!!
do i think i would have done better if all i had to do was worry about this account?
nope! same outcome i bet maybe worse.
obviously the short game in the SAC needs a lot of work!!
acct value net $ 1124
start 1700
down 33.8 %
now here is the kicker
if you add in the 500 sunk cost for low fees
the account is really at
negative 1624
do nrt of 76 dollars= roughly down 95%
so if you are going to do what i did and have a sunk cost make sure you can
survive long enough to make up for your sunk cost.
I am not happy about the trades today but it happens.
talking about a sell off and understanding one was due and the initial trades were winnig shorts but then... KABOOOOM as the longs just kept getting crushed!!
do i think i would have done better if all i had to do was worry about this account?
nope! same outcome i bet maybe worse.
obviously the short game in the SAC needs a lot of work!!
acct value net $ 1124
start 1700
down 33.8 %
now here is the kicker
if you add in the 500 sunk cost for low fees
the account is really at
negative 1624
do nrt of 76 dollars= roughly down 95%
so if you are going to do what i did and have a sunk cost make sure you can
survive long enough to make up for your sunk cost.
I am not happy about the trades today but it happens.
7 micros on a <3K$ account?
I always traded max 1 micro per $1000 and 1 e-mini per $10000. If i would take more risk the DDs would be higher than what i could safely recover from.
I agree and so does the account based on today!
I said i was going to size up today and i went for it on the wrong day of course.
Lots of mistakes made across the board today in all accounts. but i did get defensive a little in my stock account.
I said i was going to size up today and i went for it on the wrong day of course.
Lots of mistakes made across the board today in all accounts. but i did get defensive a little in my stock account.
there is zero room for error as you can see..especially with leverage.
i expected a late day deal from the gov that was my bet and it was just that a gamble no edge zero edge
i expected a late day deal from the gov that was my bet and it was just that a gamble no edge zero edge
always a slow start getting back on the horse
will get it back and then some. gotta play small though for sure and stretch certain parameters based on what the market is doing.
it needs to be 3 steps forward 2 steps back not 3 steps forward and 9 steps back!! that math does not compute!
will get it back and then some. gotta play small though for sure and stretch certain parameters based on what the market is doing.
it needs to be 3 steps forward 2 steps back not 3 steps forward and 9 steps back!! that math does not compute!
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I spent a big chunk of my efforts on how to identify small, medium or big mean reversion everyday in my trading system.
Why? It helped me to avoid different kind of traps. Take yesterday as an example, I couldn't find any signal suggesting even a small mean reversion getting triggered. So, all my trades were on the short side because I knew it was a momentum trending day.
appreciate the comment but monday morning quarterbacking never gave me much to believe thanks.. let me guess your reversion trade had you long today? ha ha or will you tell me that tomorrow?
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