Trader P/L 2011
- Thread starter d08
- Start date
+235.57
+340.16
6/15: scalping -$80
+$21
Actual trading results for the week were...
Mon: +$200
Tue: (-$100)
Wed: +$10*
Thu: +$500
Fri: +$210
---------------
Total: +$820 (one TF contract per trade turned) trading results*
The difference between +$820 trading results and +$20 actual results was human error, operator error of automated stop order on my part.
I use -10 tick initial ATM stop-loss orders to prevent filling at the exact moment of a fat-finger or flash crash event. On Wednesday I went from -$150 to +$290 to +$10 in the early chop, and ceased operations for the morning from there. But I neglected to cancel automated stop orders correctly and not one but two filled long positions into the midday drop.
I caught the error and closed out for just shy over -$1,000 loss, and traded back to -$800 on a bunch of long trades in the final two hours.
This is a mistake I have made several times in the past. It is a very simple remedy to cure. When finished trading for the day, click on "CLOSE" trades button and all phantom orders are cleared. A simple step I will never forget to take again. For sure.
**
Four weeks into the small-account program realized a peak equity high of $5,000+ and end result of $4,000+ from the initial start with $2,000 balance.
We met our minimal performance objective for this small account project. Next benchmark is the $10,000 level which has no official timeline, but June 30th is a personal target date in my mind. We'll see how that plays out in the remaining nine sessions for June.