-$889
Ouch. Another one of my worst days. 17 trades, 14 losers.
Ouch. Another one of my worst days. 17 trades, 14 losers.
Trader P/L 2014
- Thread starter sellindexvol66
- Start date
What instrument do u trade ?
Equities. (for now. Everyone making money appeared to trade them as opposed to futures so thought they might be easier and I can trade very small if I want too so as not to blow the account as quick)
Todays trades included: EBAY, SBUX, ADT, QCOM, TWTR, TEVA, X, FB and a few others.
300-400 share lots.
+$311.40
a rare winner
a rare winner
+35 net
It was a lame day.
April Review:
It was another tough month for me. I'm still adjusting to the shift in market dynamics that has resulted in a near disappearance in the types of trades that I had been doing well with. The first three quarters of the month were very challenging for me as I had a few very small winning days speckled within numerous losing days. I just couldn't get anything going. In the last week or two was when I began to settle into some new types of trades. I began to have a clearer picture of what I was doing and was able to get back to some of my core concepts. I wasn't just going around shooting off random trades, but I did fall back into a former habit of having way too many types of setups. As the month went on, I was able to focus in more on certain types of trades I liked and that had good potential.
I feel like I say this every month, but it is something that has definitely save my account - As badly as I was doing and as stressed and angry I had become during my drawdowns in April, I still stuck to my loss limits. I was always able to keep bad days from being too bad. I knew I could always come back the next day and have another shot at it. By limiting those losses, I was able to catch a few decent days and nearly come back to break even for the month.
April 2014:
P/L: -92.96 Net
Win%: 24.60
AvgW/AvgL: 2.82
As bad as the month felt, I'm very happy to lose less than 100 bucks. It actually came down to the last day of the month. I could have pulled out a positive month, but that day just wasn't good for me. In the past, that would have pissed me off so much and I probably would have made it much worse. I now know there is no significance in it being a positive month or if the good winning day came that day or the day after. It comes down to the big picture and how I'm developing as a trader.
My win percentage really sucked due to taking so many types of trade setups. Fortunately, my wins were 2.82 times the size of my losses. This allowed for my infrequent wins to make up for large portions of my losses.
Looking forward, I'm still positive. I'm not going down or backwards. I'm still the ultimate breakeven trader. It is frustrating to not make money, but I'm actually proud of the fact that I don't lose money. Keying in on certain trade setups, I hope to increase my win percentage. I would like to have less losers, but my main focus is the big winners. Now that I'm feeling more comfortable with my new setups, I'll be getting back to one of my main core concepts which is to lose small and win big. My style is not to take many small wins. It is more so to take many small losses and then win big when I do win. I haven't really gotten the big days I'm looking for yet, but I feel that if I stick with my plan that they will come. If a trade goes my way and looks good, I will add to it. I'm willing to let small wins turn into losers to go for the big winners.
I believe that one thing that has held me back from having those big days is my shift in attitude after losing streaks. Some days just sucks. Some weeks just suck. Unfortunately, I let this alter my plan in the past. I would have my game plan of going for big winners and then have a couple bad days where my wins kept coming back on me. The next day I would take small wins because I was frustrated. Of course, those were the days when those small wins could have been huge wins. That would piss me off and then deteriorate my attitude. Bouncing back from another bad streak has increased my confidence in myself and my trading style. I need to be more consistent and trade my plan no matter what happened yesterday or the day before.
It was a lame day.
April Review:
It was another tough month for me. I'm still adjusting to the shift in market dynamics that has resulted in a near disappearance in the types of trades that I had been doing well with. The first three quarters of the month were very challenging for me as I had a few very small winning days speckled within numerous losing days. I just couldn't get anything going. In the last week or two was when I began to settle into some new types of trades. I began to have a clearer picture of what I was doing and was able to get back to some of my core concepts. I wasn't just going around shooting off random trades, but I did fall back into a former habit of having way too many types of setups. As the month went on, I was able to focus in more on certain types of trades I liked and that had good potential.
I feel like I say this every month, but it is something that has definitely save my account - As badly as I was doing and as stressed and angry I had become during my drawdowns in April, I still stuck to my loss limits. I was always able to keep bad days from being too bad. I knew I could always come back the next day and have another shot at it. By limiting those losses, I was able to catch a few decent days and nearly come back to break even for the month.
April 2014:
P/L: -92.96 Net
Win%: 24.60
AvgW/AvgL: 2.82
As bad as the month felt, I'm very happy to lose less than 100 bucks. It actually came down to the last day of the month. I could have pulled out a positive month, but that day just wasn't good for me. In the past, that would have pissed me off so much and I probably would have made it much worse. I now know there is no significance in it being a positive month or if the good winning day came that day or the day after. It comes down to the big picture and how I'm developing as a trader.
My win percentage really sucked due to taking so many types of trade setups. Fortunately, my wins were 2.82 times the size of my losses. This allowed for my infrequent wins to make up for large portions of my losses.
Looking forward, I'm still positive. I'm not going down or backwards. I'm still the ultimate breakeven trader. It is frustrating to not make money, but I'm actually proud of the fact that I don't lose money. Keying in on certain trade setups, I hope to increase my win percentage. I would like to have less losers, but my main focus is the big winners. Now that I'm feeling more comfortable with my new setups, I'll be getting back to one of my main core concepts which is to lose small and win big. My style is not to take many small wins. It is more so to take many small losses and then win big when I do win. I haven't really gotten the big days I'm looking for yet, but I feel that if I stick with my plan that they will come. If a trade goes my way and looks good, I will add to it. I'm willing to let small wins turn into losers to go for the big winners.
I believe that one thing that has held me back from having those big days is my shift in attitude after losing streaks. Some days just sucks. Some weeks just suck. Unfortunately, I let this alter my plan in the past. I would have my game plan of going for big winners and then have a couple bad days where my wins kept coming back on me. The next day I would take small wins because I was frustrated. Of course, those were the days when those small wins could have been huge wins. That would piss me off and then deteriorate my attitude. Bouncing back from another bad streak has increased my confidence in myself and my trading style. I need to be more consistent and trade my plan no matter what happened yesterday or the day before.
-$111
....
....
-79 net
Nothing but junk for me today. I couldn't find anything that would go. Lots of little losses.
I'm taking a few days off. I'll be back on Wednesday.
Nothing but junk for me today. I couldn't find anything that would go. Lots of little losses.
I'm taking a few days off. I'll be back on Wednesday.
Scaleout.Scalper
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E-Mini Futures Trader