-42 gross
This was one of the most frustrating days of the year. I was all short near the open and things were going great. Then the S&P shot up 10 points and I was knocked out of almost everything and almost done for the day as I was near my max loss for the day. Then the market dropped 14 points and I was back to break even. For the next three hours my P/L was playing mind games with me as it kept going to exactly zero or down a few bucks, but never positive. I churned away a little more money and could never find anything that would move. I misplayed many of my trades due to frustrations and easily could have had a positive day. Not a great start to the month, but really not that bad of a loss.
May Recap:
May was a fantastic trading month for me. I transitioned to my new account and I have been very pleased with the results. It was my first profitable month of the year and the profits more than covered all the losses of the prior four months. I have been working hard by increasing the amount of trading research I do each day. I feel like my trading skills and senses are improving, but I know I have so much to still learn.
My biggest weakness that I need to work on is trusting my research and sitting in my trades. I tend to get out of winning trades too soon and/or not add shares to things that are working. I know my profits for May would have been so much greater if I had just sat in my shares and waited for my targets. I am pleased with my win percentage, but I would like to get my average winner/loser ratio up to around 2.5.
May:
Net P/L: +619.26
Win %: 50.63
Avg W/Avg L: 1.87
1st Four months of the year:
Net P/L: -93.78
Win%: 38.14
Avg W/Avg L: 1.52