Trader P/L 2006

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My first P&L post of my daily trading.

-55

-100 after including commissions.

My stops got hit in early trading, so I quit early obeying my daily stop loss of $100.

Missed a lot of action, but staying disciplined.
 

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Quote from Razor:

Top Playa,

What does the 502x502 mean ? Thanks

Cheers

Sorry, its an old pit habit. It just means how many contracts bot and sold on the day.

People wanted to know how many I traded on the day.

:)

tp
 
Quote from JMowery1987:

How many contracts do you trade roundturn on a single trade usually?

between 10 and 30, sometimes I build a position into a 100+ lot.

when ur in the pit and raise one hand you gotta be good for at least 5, if you want brokers to trade with you consistently, so 10 minis is'nt that daunting. When I do a 30 lot mini, I think thats only 15 bigs. Alot of locals I knew were always 10 up and could almost always make a tick or scratch if they were wrong.

It feels riskier trading 8 lots in the dax than it does 30 yms to be honest. Feelings are not facts though.

an aside: I remember back in the day when people used to rip on V for "tweening" the nickels, now its a part of my strategy sometimes.

tp :D
 
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