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mastacoli71
Registered: Dec 2006
Posts: 2092 |
02-18-12 12:18 PM
Week ending 2/18/12:
-10200
All started on Monday with the big down day. Reducing risk helped and actually got back to break even on Wednesday before getting run over once again Thursday. My short bias is absolutely killing me right now along with staying stubborn with it at the wrong times. This whole week wreaks of not following my rules and trading plan.
I know I sound negative in this post but it hard not to get down on myself after my performance the last 2 weeks. Learn from mistakes, apply it to next week, and move on.
I finally funded the separate futures account with $5k. I trade 3 contracts / trade most of the time. Went 1 for 2...85.9 - 276.6 = -190.7. As mentioned previously, if I blow this account out, I will not refund it. Acct bal: = 4809.3.
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gmst
Registered: Jul 2011
Posts: 3696 |
02-18-12 12:26 PM
Quote from mastacoli71:
Week ending 2/18/12:
I finally funded the separate futures account with $5k. I trade 3 contracts / trade most of the time. Went 1 for 2...85.9 - 276.6 = -190.7. As mentioned previously, if I blow this account out, I will not refund it. Acct bal: = 4809.3.
just trade 1 contract in your futures account - not 3, not at all.
if you want to trade 2 contracts to allow for scalein/out, then put in2-3k more in your futures account.
I think its a fantastic decision to open a separate account for futures trading. You will be able to build skills in it without wrecking your main account. Good luck.
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mastacoli71
Registered: Dec 2006
Posts: 2092 |
02-18-12 02:45 PM
Quote from gmst:
just trade 1 contract in your futures account - not 3, not at all.
if you want to trade 2 contracts to allow for scalein/out, then put in2-3k more in your futures account.
I think its a fantastic decision to open a separate account for futures trading. You will be able to build skills in it without wrecking your main account. Good luck.
Appreciate the feedback gmst. The strategy I am trading does not add to losers. Stop out on any trade at 1-2 pts. Scale out on winners. Not all trades are 3 contracts, depends on the setup. No positions held outside of cash market hours.
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mastacoli71
Registered: Dec 2006
Posts: 2092 |
02-19-12 08:06 PM
Quote from mastacoli71:
Week ending 2/18/12:
-10200
All started on Monday with the big down day. Reducing risk helped and actually got back to break even on Wednesday before getting run over once again Thursday. My short bias is absolutely killing me right now along with staying stubborn with it at the wrong times. This whole week wreaks of not following my rules and trading plan.
I know I sound negative in this post but it hard not to get down on myself after my performance the last 2 weeks. Learn from mistakes, apply it to next week, and move on.
I finally funded the separate futures account with $5k. I trade 3 contracts / trade most of the time. Went 1 for 2...85.9 - 276.6 = -190.7. As mentioned previously, if I blow this account out, I will not refund it. Acct bal: = 4809.3.
Fudged the weekly calc above by 800. Keeping the record straight it should be:
-9400
Still sucks but at least not 5 figs...
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mastacoli71
Registered: Dec 2006
Posts: 2092 |
02-25-12 02:18 PM
Week ending 2/24/12:
-4700
I got the consistency part down, now I just need to get it down in one direction consistently. Before everything was working. Now nothing is working. So goes the psychology of trading.
I ran the numbers where I stand for the month of Feb (also including the last few days in Jan): -18000, month of Feb only -14100. Not good, not good at all. Psychology has once again been a big part given at one point this week I had this down to -10k.
Forget about the futures for now, -1500 this week. Don't want to discuss anything about them right now. I will get back to them once I get back on track with my mind and core strategies.
I need to end this post with some positive thoughts. I am not fighting this current trend (i.e. taking risk off instead of adding). I am still positive on the year (+37k). There are still 3 days left in Feb (anything is possible with a healthy mind and getting back to what works).
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mastacoli71
Registered: Dec 2006
Posts: 2092 |
03-04-12 12:45 PM
Week ending 3/2/12:
-9200
Well things have certainly taken a turn for the worst psychologically. Although I am still up on the year, I have given back nearly 50% of what I made in January. I've made the decision to stop this thread and trading for the time being so I can focus on what is going on. I have not made any money in about 2 years. My peak equity was in July 2010, yes 2010. That is not good and probably has a lot to do with my state of mind.
Good luck to you all. Moderator please shut down this thread. Thank you.
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