Bought SP500 @ 1321.23
Closed Platinum with profit +2900
Account Value 244k
Closed Platinum with profit +2900
Account Value 244k
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Universal Trend Trading
- Thread starter luckyputanski
- Start date
I think you sold PL at 1520.25 and last Friday it closed at 1439.90. That is a $400 gain per contract I believe. Can you explain?Quote from luckyputanski:
Closed Platinum with profit +2900
Can you please state the price at which you close the trades otherwise this journal makes no sense.
Fair point. Platinum closed @ 1436.25.Quote from goodgoing:
I think you sold PL at 1520.25 and last Friday it closed at 1439.90. That is a $400 gain per contract I believe. Can you explain?
Can you please state the price at which you close the trades otherwise this journal makes no sense.
As for position size, I said earlier that I trade through Polish market maker and they allow to make trade in lots that has nothing to do with size of a contract.
Are you trading CME contracts or CFD products? Who is your market maker? I hope you have no problem disclosing the information.Quote from luckyputanski:
Fair point. Platinum closed @ 1436.25.
As for position size, I said earlier that I trade through Polish market maker and they allow to make trade in lots that has nothing to do with size of a contract.
Quote from luckyputanski:
It's a CFD. Broker is Bossa.pl
Thanks. So if I get it you work with a Polish MM of CDF products, you trade custom sizes that cannot be reproduced by anyone else in this forum and you close positions on a Sunday (platinum position closed yesterday). What is the purpose of the journal then? Journals are supposed to offer signals others can follow. If you close positions on a Sunday this means nobody can follow your signals. Then why posting?
Quote from goodgoing:
Thanks. So if I get it you work with a Polish MM of CDF products, you trade custom sizes that cannot be reproduced by anyone else in this forum and you close positions on a Sunday (platinum position closed yesterday). What is the purpose of the journal then? Journals are supposed to offer signals others can follow. If you close positions on a Sunday this means nobody can follow your signals. Then why posting?
Trade sizes can be reproduced by anyone trading with this broker and probably most others MM.
Platinum was closed Sunday late evening, which is when market opened.
The purpose of this journal is to show that long term trend following still works. Or not as some would believe judging by my account value.
Posting for fun.
Sold GbpJpy @ 122.46
Yesterday's long is nearly at stop, will be loss about -2k.
Account Value 269k
Yesterday's long is nearly at stop, will be loss about -2k.
Account Value 269k
Closed UsdJpy @ 78.69 with loss -3.4k
Closed SP500 @ 1301.90 with loss -2.7k
Account Value 271k
Closed SP500 @ 1301.90 with loss -2.7k
Account Value 271k
Quote from luckyputanski:
Closed UsdJpy @ 78.69 with loss -3.4k
Closed SP500 @ 1301.90 with loss -2.7k
Account Value 271k
Maybe I have seen this journal in the past but I do not remember now. My question is: How come although the last 3 or 4 trades were losers the gain in equity is substantial? Can you provide details? I am also using two trend-following systems and I am thinking of opening them to other markets.