Trader P/L 2014
- Thread starter sellindexvol66
- Start date
+122 net
I'm back after about a week and a half off. I have been studying, paper trading, and put together a plan that I am pleased with. There will still be some tweaking and adjustments made. Especially, since there are going to be some differences between paper trading and live trading.
Overall, I'm very happy with my first day of executing my new plan. Today was a fairly lame, choppy day, too.
May Review:
May was my worst month since opening this account about year ago. The change in market dynamics a couple of months ago has had me running around wildly trying to get some footing. In May, I became confused and overwhelmed with too many trading ideas. I had my main plan of going for big winners by adding to small winners. That idea by itself was fine, but I did not have a good plan of trade entries to execute the idea with. I had started trading all over the place and I struggled to find something new that worked. I was taking trades off of five or more timeframes based off of multiple setups. My trading became blurred as I never was able to focus long enough on any one type of trade to determine if it was a something to stick with. I lost 10 out of the 12 days that I traded with the winning days being very small. I still stuck to my limits and never really blew up on any day, but it was death by a thousand cuts.
May 2014:
P/L: -509.04 Net
Win%: 19.51
AvgW/AvgL: 1.42
After about 3 weeks into May, I realized I was going to keep on losing if I traded that way, so I shut it down and went back to researching. I simplified things. I wiped the slate clean and started over. After kicking a few ideas around, I chose one type of trade in one time frame. There are variations to the trade, but for the most part it was one type of trade that I would study. I looked at chart after chart and wrote down notes and notes of my observations. I paper traded the ideas everyday. I wrote down every single instance of the trade I found all day long and studied the results. I created rules and guidelines. Since the type of trade I was doing was very similar to the many various trades I had been shooting off the last month or two, it didn't take me too long to get comfortable with it. But I was able to really focus and take better trades since I was only looking for one thing rather than 10 different things.
My paper trading results were very good. Of course, paper trading can be VERY different than live trading. That's why I'm back live at the start of this month. I feel like I'm always saying this, but I'm optimistic and feeling positive. I'm excited to have a clear, SIMPLE, plan. I know there will be adjustments made to the plan and I look forward to its evolution. The last two to three months have tested me emotionally, but I feel like they have taught me so much about myself, the markets, and how to become a better trader.
I'm back after about a week and a half off. I have been studying, paper trading, and put together a plan that I am pleased with. There will still be some tweaking and adjustments made. Especially, since there are going to be some differences between paper trading and live trading.
Overall, I'm very happy with my first day of executing my new plan. Today was a fairly lame, choppy day, too.
May Review:
May was my worst month since opening this account about year ago. The change in market dynamics a couple of months ago has had me running around wildly trying to get some footing. In May, I became confused and overwhelmed with too many trading ideas. I had my main plan of going for big winners by adding to small winners. That idea by itself was fine, but I did not have a good plan of trade entries to execute the idea with. I had started trading all over the place and I struggled to find something new that worked. I was taking trades off of five or more timeframes based off of multiple setups. My trading became blurred as I never was able to focus long enough on any one type of trade to determine if it was a something to stick with. I lost 10 out of the 12 days that I traded with the winning days being very small. I still stuck to my limits and never really blew up on any day, but it was death by a thousand cuts.
May 2014:
P/L: -509.04 Net
Win%: 19.51
AvgW/AvgL: 1.42
After about 3 weeks into May, I realized I was going to keep on losing if I traded that way, so I shut it down and went back to researching. I simplified things. I wiped the slate clean and started over. After kicking a few ideas around, I chose one type of trade in one time frame. There are variations to the trade, but for the most part it was one type of trade that I would study. I looked at chart after chart and wrote down notes and notes of my observations. I paper traded the ideas everyday. I wrote down every single instance of the trade I found all day long and studied the results. I created rules and guidelines. Since the type of trade I was doing was very similar to the many various trades I had been shooting off the last month or two, it didn't take me too long to get comfortable with it. But I was able to really focus and take better trades since I was only looking for one thing rather than 10 different things.
My paper trading results were very good. Of course, paper trading can be VERY different than live trading. That's why I'm back live at the start of this month. I feel like I'm always saying this, but I'm optimistic and feeling positive. I'm excited to have a clear, SIMPLE, plan. I know there will be adjustments made to the plan and I look forward to its evolution. The last two to three months have tested me emotionally, but I feel like they have taught me so much about myself, the markets, and how to become a better trader.
-3180
another day in paradise
another day in paradise
-52 net
It was a fairly difficult trading day, but theoretically I could have made money. I'm still discovering the differences between paper trading my new system and trading live. On paper, my system produced a small profit today. Live, I lost a bit. There were two entries that I missed that turned out to be good winners. Also, part of the loss is that I reprogrammed some of my trading keys and accidentally set a sell key to buy. Oops!
It was a fairly difficult trading day, but theoretically I could have made money. I'm still discovering the differences between paper trading my new system and trading live. On paper, my system produced a small profit today. Live, I lost a bit. There were two entries that I missed that turned out to be good winners. Also, part of the loss is that I reprogrammed some of my trading keys and accidentally set a sell key to buy. Oops!
Scaleout.Scalper
Guest
I feel like I work for the broker, so much lost in comm, just a plethora of breakeven trades, price action was too tight.
+388
first day I didn't lose money in 8 trading days. unreal
first day I didn't lose money in 8 trading days. unreal
Scaleout.Scalper
Guest
Early close, kids school activities.
-63 net
Wow. That was some horrible chop. I did some churning and spent a lot of time in positions that were going absolutely nowhere.
I still missed some good entries, again. I need to figure out a better way to monitor and take advantage of my trade signals when they arise.
Wow. That was some horrible chop. I did some churning and spent a lot of time in positions that were going absolutely nowhere.
I still missed some good entries, again. I need to figure out a better way to monitor and take advantage of my trade signals when they arise.
-5137 living the dream again today