Trader P/L 2014

[austinp]

Unfortunately my pet hate is "gurus" marketing directly or indirectly their paid "services" and I could not help but interject.

Perhaps that mental limitation is what holds you back from getting over the hump of failed CL trader to a successful one?

three sessions into five (or ten, if I feel like it) documented for posterity. Two-lot orders, almost always staggered entries with second add as price moves in favor ("free trade" on first contract) to limit risk while doubling positive leverage.

Fri: +45 cents per CL contract
Sat - Mon: weekend
Tue: +21 cents per CL contract
Wed: +31 cents per contract

Just broke +400 cents today for the current calendar month of January. Should easily eclipse my own personal +500 cent monthly minimum goal for each CL contract traded. Some months will double that and others may fall short, but to average $5,000 per contract monthly or even half that is perfectly fine by me

 

[Zzoom]

Perhaps that mental limitation is what holds you back from getting over the hump of failed CL trader to a successful one?

Not really. I think you misunderstand me. I don't have a problem with gurus per se, especially the ones who try to help out in this forum.

However, I have known a couple of trading "gurus" on a personal level who marketed themselves in similar fashion. I worked in the same office as one, and the other just happened to be my next door neighbour for a while. Both knew next to nothing about trading. The first one learned how to trade, the second one hasn't because really he is a marketing guy and continues to try to suck in the newbs for his "services" anyway.

Incidentally, I don't just trade CL.

 

[Chuck Noblet]

+4 net

It was just a few little trades for me. It was not a very exciting day. I played fairly conservatively because of the large gap.

 

[trefoil]

Wild day, wound up doing not badly, all things considered. Good thing I know collars and spreads and butterflies, or I might have run my car into a tree deliberately around 2 o'clock or so.

 

[Chuck Noblet]

-91 net

That was an absolutely horrible day for me. I spent all morning fighting the market and buying. Then I finally decided to short, but the trade didn't work out. The short was a decent trade, but just didn't work. Oh well. I'm still within my loss limits. I'm shutting it down.

 

[trefoil]

C'est la guerre. Could have been far far worse, but on good days I reduce my VAR and increase my hedges, so that bad days like this don't bury me. Barely traded today, except to judiciously reduce where and when needed. Bought 100 GDX on spec, as looking at the charts it seems that, for now, the inverse correlation between gold and the market is more or less in place. Only 100 because I trust it about as much as Lombardi trusted rookies: like a grenade with the pin pulled. Not like 1999, when I was as certain as I've ever been of anything that gold was going up, but even then, the timing was definitely not easy.
We'll see how it works out.
On the year, down about 1.5k. Way better than the market on a percent basis, certainly, and that barely eats into my Dec profits, which were 11k. Of course you'll have to take my word on that, but really that's true for all of this, except I have zero incentive to lie.
BTW, check the 2nd attachment out: it's the black market Argentine peso rate, where you can see it collapsed against the dollar in the past few days. You see there the reason for today's fun & games.
sellindexvol66 will be along, I'm sure, with a nice big profit. Now I know what he meant by the big boys positioning last week.

 

[Zzoom]

+$91.92

ES only today.

Not traded much this week.

 

[fxwannaB]

Weekly Net P&L : +119 USD

 

[sellindexvol66]

sometimes you have to take a few steps back to make a lot of steps forward i always say. i got caught with too little long vol. if the markets continue to deteriorate, the sensitivities of my long vol will pay out over short vol losses i model even with the weakness of size.

IB is attached. advantage had gains due to book differences. eventually i will figure out how to post those statements.

 

[Wide Tailz]

That is amazing. And here I was sweating a little $1200 drawdown in the Tailz fund last month. It all started when I switched timeframes and went from stocks to the index. Wow they trade differently! I panicked out of my first two positions at the worst possible time.

Hopefully I learned my lezzon; recovery took 6 weeks. :eek:

Now I've got a serious problem with cutting my winners at the worst possible time. I could have tripled the upside over this time period if only I had the nerve to stay in when things are going well.