Trader P/L 2010

In early August we began a public demonstration of live-trading, real money efforts in a team project to take a small account balance large(r) from then thru Dec 31st, 2011.

So far it's progressed pretty much as our business plan projects. Like any long-term trading effort, there will be plenty of ups and downs. Perhaps this will be of some interest, entertainment and hopefully education & inspiration to others here.

I'll be sure to post weekly results each Saturday with name on actual broker statements included. Current to-date results along with explanation of what we intend to accomplish can be viewed below:

click here for CM live-trading results

Patience & Discipline
AP
 
$162 on 29k shares, was deep in the red so could be worse.
Are the markets gonna break lower or are they just pulling in shorts to squeeze up into the close? Either way, gotta go and will be out the rest of the week.
See ya next week and good luck to all.
 

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Five whipsaws in a row means it's time to hang it up for the day... sometimes I just have no idea what mother market is up to.... that certainly is today...

+$1375.10

As I write this, another tempting breakout appears... at this point I've already lost a ton of money chasing that fickle shrew.
 

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+$243

I missed pre-market and NYMEX open, didn't take my initial trades that signaled (missing first best move of the day), later saw what appeared to be a decent counter-trend setup, but made the small mistake of putting on the first trade via limit rather than a sell stop to confirm a break and paid $150 for a mere 2-tick error in judgment. I got it back quickly on the failed breakout, but what a way to start the week.

Did well in the channel and then positioned myself off a strong short signal, exited when the momentum dwindled, lost focus and didn't re-enter at any point, missing the second best move of the day.

Was pleased with how I handled the last 3 trades, but D- for not trading all signals!
 

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+321.91


ET Daily P/L so far (trying to post every day without exception)...

8-19-10...+$227.55
8-20-10.....+$46.60
8-23-10.....+$48.60
8-24-10...+$180.40
8-25-10.....+$78.10
8-26-10...+$108.85
8-27-10.....+$65.43
8-30-10.....+$32.85
8-31-10.....+$38.55
9-1-10.......+$38.21
9-2-10........-$99.39
9-3-10.........+$1.24
9-7-10.....+$113.39
9-8-10......-$233.69 (order-entry glitch)
9-9-10.......+$91.82
9-10-10...+$186.27
9-12-10...+$321.91

Position size is always between 4% and 6% of account equity.
 

Attachments

-132.81


ET Daily P/L so far (trying to post every day without exception)...

8-19-10...+$227.55
8-20-10.....+$46.60
8-23-10.....+$48.60
8-24-10...+$180.40
8-25-10.....+$78.10
8-26-10...+$108.85
8-27-10.....+$65.43
8-30-10.....+$32.85
8-31-10.....+$38.55
9-1-10.......+$38.21
9-2-10........-$99.39
9-3-10.........+$1.24
9-7-10.....+$113.39
9-8-10......-$233.69 (order-entry glitch)
9-9-10.......+$91.82
9-10-10...+$186.27
9-13-10...+$321.91
9-14-10...-$132.81

Position size is always between 4% and 6% of account equity.
 

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