Registered: Dec 2006
01-08-12 01:16 AM
Week ending 1/6/12
Momentum from last few weeks carried into the new year. Still fighting a few bad habits like trying to fade AAPL from 410. Cost me 1400 and kept me under 150k in my retail account. Outside of that, almost everything clicked: pairs, futures, cefs, you name it.
This year I am focusing on reducing risk when I have runs like this cause they usually do not last for more then a few weeks. Some may say that is foolish but for me it's what works. I can always get back into trades if I see follow through. If not, there will always be other trades.
My retail account started off the year with about 142k and prop right at 140k. I will be drawing 10k / month like last year. Also thinking about drawing more then that if I make more in any given month just to keep my risk in check.