It happens.
bowlinsky is experiencing the same.
Twenty-twelve [P&L]
- Thread starter masterm1ne
- Start date
It happens.
bowlinsky is experiencing the same.
Nothing to say, placing some trades based on my edge. Compiling and posting stats here when I get the time.
@ $16k (-33%)
@ $16k (-33%)
@ $14k (-41%)
Finally some winners... breaking my 7+ trade losing streak.
Preliminary tests on my edge show correct direction 30-90% of the time short term. I am still working on how to determine the best way to test/use the 'edge.' I'm testing roughly 10 years of data by hand on every commodity that has any semblance of liquidity.
I broke my rules (multiple correlated positions). However, all of these trades look very promising initally, according to price action (techniques mentioned by Al Brooks to determine that I had a good entry point - very basic channels) as well as my 'edge' (which has sucked big lately - or I haven't been using it 'properly'). I'm short the Dollar, long the Euro, Swiss Franc and Cocoa. All these trades were placed last night. All of these trades are very low risk (No more than a ~$500 downside).
@ $17k (-29%)
Preliminary tests on my edge show correct direction 30-90% of the time short term. I am still working on how to determine the best way to test/use the 'edge.' I'm testing roughly 10 years of data by hand on every commodity that has any semblance of liquidity.
I broke my rules (multiple correlated positions). However, all of these trades look very promising initally, according to price action (techniques mentioned by Al Brooks to determine that I had a good entry point - very basic channels) as well as my 'edge' (which has sucked big lately - or I haven't been using it 'properly'). I'm short the Dollar, long the Euro, Swiss Franc and Cocoa. All these trades were placed last night. All of these trades are very low risk (No more than a ~$500 downside).
@ $17k (-29%)
Sike, only one winner not 4.
@ $15k (-37.5%)
@ $15k (-37.5%)
@ $14k (-41%)
actually "she" never purported that. I read her journal when she was first starting out and she had a number of losing days. When she got turned on to Al Brooks she actually became more disciplined and had harder stops so she seldom took a loss but had many "break evens". I don't trade like she does but admire how she really focused and found what worked for her. I'm sure even now she has tough days. No one market or style is profitable ALL the time in ALL markets. My guess is if/when CL becomes much less crazy she will have to adapt or tweak her methods to continue to profit.
I allow myself 2X the overnite margin PER contract I trade. So with $20K I would only trade 2 ES contracts. Very simply if the market tanks and vol spikes you could be auto liquidated before you wake up as margins can (and have) go up.
If you are trading 5 there is no margin for error.