Trader P/L 2006
- Thread starter mnx
- Start date
- Status
A very sad day today as I went back to the worst stocks on the NASDAQ that have punished me week after week. It is a very sad day when you make $9000 on LMRA and still finish red.
MM
MM
+$137.... 500 shares. Enjoy the day!
Today I began trading a small (relatively) low-beta, closed fund pool. The instrument is ES, hold period intraday only. Capital risk is -1% (or less) of account balance per trade.
I started the session with 39 ES contracts to turn. Got short the ES and stopped out for a +1pt gain.
Got short again, was trading +2.5pts in favor of entry when DSL dropped and locked me out. Logged everything back on, trade stopped out for -0.5pt loss instead of +2.0pt intended gain on a trail stop.
Got short again, stopped out for -2pts to the exact high swing tick (1384.50) before dropping back down.
Got short a fourth turn, rode it down for +4pts and trail-stopped out.
**
Moral of the story? +$4,250 on 39 ES contracts turned four times. +2.25pts gross profit before costs. Done for the day, too many turns for too little returns today. Tapes act like they'll tip over into the closing bell, but that will/won't happen without me aboard.
Had DSL held and second trade exited at +2pts and/or third trade held its initial stop before the plunge, net result would have been $6,000 to $10,000+ for the day.
But, it is what it is in reality. I've had worse days in the market by far... and far worse Nov 1st adverse events on a personal basis, too
Best Trading Wishes
Austin
I started the session with 39 ES contracts to turn. Got short the ES and stopped out for a +1pt gain.
Got short again, was trading +2.5pts in favor of entry when DSL dropped and locked me out. Logged everything back on, trade stopped out for -0.5pt loss instead of +2.0pt intended gain on a trail stop.
Got short again, stopped out for -2pts to the exact high swing tick (1384.50) before dropping back down.
Got short a fourth turn, rode it down for +4pts and trail-stopped out.
**
Moral of the story? +$4,250 on 39 ES contracts turned four times. +2.25pts gross profit before costs. Done for the day, too many turns for too little returns today. Tapes act like they'll tip over into the closing bell, but that will/won't happen without me aboard.
Had DSL held and second trade exited at +2pts and/or third trade held its initial stop before the plunge, net result would have been $6,000 to $10,000+ for the day.
But, it is what it is in reality. I've had worse days in the market by far... and far worse Nov 1st adverse events on a personal basis, too
Best Trading Wishes
Austin
+5.10
2600 Shares
I traded poorly in the morning. I'm quitting now that I got my money back.
2600 Shares
I traded poorly in the morning. I'm quitting now that I got my money back.
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