Did you close it with a profit? I did. Actually should have closed ten ticks higher.
YM Magic!
- Thread starter TheTrue1
- Start date
I don't trade it. That doesn't mean I don't watch it.
And if I did trade it, I'd use a little longer time-line and not go for $155.
My short call has a 12 hour window. 5 points is nothing. Check back and you'll see 100 pt swing from here before the close tomorrow.
You tell him to close it, then when he does for a profit your still not happy, are you female ??
Nobody rattled your cage.
If I wanna here from a Brit I'll turn on Roger Waters.
Now pipe down and drink some tea.
Week 1 Review
12 trades
9 won
75%
Profit---$5,884.00
Loss----$2,394.00
Net Profit----$3,490.00
+34.9%
***Summary
Made a few mistakes(3 losses). The 1463 loss only occurred because I was unable to bailout of an impromptu meeting at work. Though I recovered well, this will not happen again. A 34 percent gain in spite of a 15% loss far exceeds the target of 25% weekly. Next week, we will trade with the previous weeks profit only. 5 contracts and a 30 point stoploss.
Thanks for tuning in guys!!!
12 trades
9 won
75%
Profit---$5,884.00
Loss----$2,394.00
Net Profit----$3,490.00
+34.9%
***Summary
Made a few mistakes(3 losses). The 1463 loss only occurred because I was unable to bailout of an impromptu meeting at work. Though I recovered well, this will not happen again. A 34 percent gain in spite of a 15% loss far exceeds the target of 25% weekly. Next week, we will trade with the previous weeks profit only. 5 contracts and a 30 point stoploss.
Thanks for tuning in guys!!!
So you are saying that next week you will trading as if your account size was $3,490?
Not exactly Overnight. Or maybe it can be stated or seen as you put it. Let me explain myself. 5 contracts at 500 dollar intraday margin would be 2500. Leaving less than a grand to work with. Which isn't enough rope for me. So here is what I'll be doing. The principle(10k) will not be at risk. I will risk 20 to 30 points stoploss per trade(500 to750). The nearly 3500 in profit will permit me atleast 4 trades of maximum loss(3000), excluding trading fees, without dipping into the 10k. That's assuming I allow the loss to reach max. Hopefully I was able to express my intent.
It would be helpful if you explained the logic of entries and exits.
