Trader P/L 2006

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I only post net P&L (what I take home).


FWIW, I trade prop, 300K BP, hardly ever go over 100K at any given time. Trade bewteen 400-1500 shares per position.


Quote from hairdresser:

These P/Ls are all relative to BP and whether you are trading prop or trading your own money. what would be better is that along with gross p/l, commission and BP are also posted, this is the only way to show a p/l for any amount of accuracy imo.

Thanks, keep up the thread and remember post how much capital you use.
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Quote from hairdresser:

Great, thanks for the info.
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we've been over this before. BP doesn't matter because:

1.) $1 = $1 no matter how much BP you have. You can't spend %

and

2.) some props have virtually unlimited BP, some retailers don't use 100% of their BP; I'm assuming you want to know BP because you want to know how much is at risk, right? More important would be max share size per position

I'm not trading today - not feeling 100%
 
I agree, buying power is meaningless because if you are at a prop or pro shop, you generally don't worry about it, you just worry about trading.

To me, I have way more bp than I'd ever use, meaning I just take every good trade I see and size relative to how much risk I feel i'm taking.

The only useful # to put things in perspective would be how much equity someone has in their account, and not many are likely to share that.
 
-64.78
1800shares

rhat didnt get out at the high, didnt get out at the 29.50 bounce. would've made $$$ on both points avged in... stopped out..
tsk tsk

got to review what i did...
 
well, i lied - didn't feel 100%, but who cares!

$148 on 15,800 shares

really excellent trades today - I was smart most of the time. I played each trade extremely cautiously, but I got angry on my BRCM short and stepped up my share size to 1000 from 400. Would have been stupid, but I didn't FEEL like it was any more dangerous for some reason. The 3 trades that followed were executed with the same amount of caution as the previous ones, and I ended up making some dough!

Too bad school starts again on monday :'(
 

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I consider the day a small sucess, although obviously the end total sucks. Managed to take a $1000 loss early and was down 750 only to come back and make a new high, but i got dicked around near the close on total specialist bullshit and tada, thats my story.
 

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