Weinstein Trading and Fading

Quote from epetrov:

Hi 1Reason,
I do not like what I see on your thread!
It musn't be like that. This way it's very difficult to keep focused.
With your active way of trading every month must be profitable I think.
More...

Thanks for taking the time to share your thoughts.

Yes, Its very hard to focus on trading with a large open loss. Thats the main reason for closing it out and taking the hit. I think the odds favor ENER falling next week and in fact it fell at the close on Friday.

I did not want to take the chance that ENER would move further against me causing me to have to change the way I trade.

I understand what went wrong and have taken steps to correct it. I will also trade smaller next week and not try to get it all back for this month right away.

I will try next week to do the best I can and whatever amount I make I will be happy with.

I am unsure if I totally agree or not with a need to be profitable every month but I do know that every time I have introduced a new indicator I have taken a loss. This one just happen to be very large as a result of mistakes that I made in combination at the same time. Again, lessons have been learned with the tuition that I just paid...LOL

On a positive note my account is up over 20% for the year which I hope is considered acceptable after the draw down of last week.

Thanks again and best of trading to you

Bob
 
A better Monday that last week.

No real trades but did a lot of scalping including ENER

I did trade the hong kong futures last night. shows up in the PnL but no longer in the trades. Made about $370 and will keep it in HK dollars (HK$2890)

I am short 6 HP @ 76.62

scalps

ENER + 349
FDG + 133
HK + 39
HP + 59
MEE + 49

I did get one long signal for GFIG. didn't act as expected so I walked away with a small profit. + 104

+ 1104 for the day / week
- 8548 for the month
 

Attachments

Not much today. Just a bunch of scalping.

Did trade the Sydney Futures exchange last night. Made a few dollars. Now have some Auzzi dollars in the IB account.

Long SPY as of this post.

Scalps

HON + 105
KR + 71
RMBS + 79
SPY + 228
WOR + 131

+ 726 for the day
+ 2366 for the week
- 7286 for the month
 

Attachments

wow, interesting day.

traded well and happy with the day.

WOR + 106
S:Laurel

scalped
GG + 203

OSK +207
scalped
S:6b

+ 517 for the day
+ 2883 for the week
- 6769 for the month
 
I traded the HSI last night. It opened up very down and I traded it to the long side trend.

Just one trade today.

XCO + 321
S:6b + scalped

Some other quick scalps include
GG + 180
AUY + 94
GM + 17
HUN + 66


My covered GE long is a little in the red. Considering the last few days its holding up well IMHO.

+ 958 for the day
+ 3841 for the week
- 5811 for the month
 

Attachments

Traded the HSI and the Sydney exchange for about $1300 +

only one trade today

CCJ + 390
S:6b+ (came at end of day)

did a lot of scalping
HERO + +278
MTG + 104
QQQQ + 100
TS + 224
XCO + 593

really a good way to end the month. Wasnt enough to get me positive for the month but happy with today and the year so far.

+ 2996 for the day / week
- 2815 for the month
 

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