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RoughTrader
Registered: May 2006
Posts: 625 |
05-13-09 05:47 AM
I've been a way for a bit, so haven't posted in a few days. Time to catch up...
Thursday, 05/07/2009
Security: ESM9
Session PNL: ($161.40) USD
To-Date PNL: $7,241.94 USD
Account Balance: $92,619.08 USD
 5-07-2009.png
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RoughTrader
Registered: May 2006
Posts: 625 |
05-13-09 05:52 AM
This sequence of days is a good example of a drawdown that can really test your patience. I have yet to discover a system that can avoid times like this....
Monday, 05/11/2009
Security: ESM9
Session PNL: ($836.40) USD
To-Date PNL: $5,650.84 USD
Account Balance: $91,027.98 USD
5-11-2009.png
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RoughTrader
Registered: May 2006
Posts: 625 |
05-13-09 06:01 AM
Quote from rickty:
RoughTrader,
Interesting journal; I would never of thought of using a trend following approach on the ES. Have you looked into applying your method on other stock indicies?
Please keep those updates coming. I think you would have made out like a bandit today (but maybe not so well yesterday).
Richard
Hi rickty,
I trade the ES, NQ, and YM on my largest account, which is used for long-term growth. I also trade the 3 stock indexes in my income account, but on a notably smaller scale. This account I'm documenting here is a pet project of mine, and I'm only documenting ES trades starting with the smallest of size. I want to use it to force myself to document my performance better (forces me to update my spreadsheet for each account every day), but also to see if I can show fellow ETers that it is possible to be profitable from automated "hands-free" mechanical daytrade systems. This entails demonstration of both entry and exit as well as money management.
I've been in a drawdown for about a week now, but today was a fairly good day. We'll see if we can get a series of sessions that will pull the account out of the DD....
rt
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