Quote from Chuck Noblet:
I probably should have done my normal thing and not trade on the day before a holiday weekend.
-14 Net
What a disappointing week this has been. It was a terrible finish to the month for me. I was net positive for the month prior to this week and am now negative for March.
I am building a base to my trading system, but still have some adjustments to make and some fine tuning of certain rules and details. I have improved a lot in taking good setups and avoiding random trades outside of my system. Still, I need to better qualify my stock selection to increase my odds of winning trades. This week was tough as most of my trades went my way for a little bit, but eventually u-turned and stopped me out or took back all the profits. Maybe that is what I should just expect on slow, choppy weeks, but I think I will do something to better protect myself.
The good news is that I was still able to control my losses. Again, I never let one trade or day hurt me too badly.
Monday is a new month and I am ready to start fresh. I've got that positive month coming soon. It's just a matter of time.
March:
P/L: -37.06 Net
Win %: 39.68
Avg W/L: 1.34