1% Daily profits system

Discussion in 'Journals' started by gravitar, Jan 3, 2011.

  1. gravitar

    gravitar

    Short 700 GLDD 7.93
     
    #21     Jan 4, 2011
  2. gravitar

    gravitar

    Cover 300 FINL@16.90 -$12
     
    #22     Jan 4, 2011
  3. Locutus

    Locutus

    Hi, I thought I'd pop in to say your fees probably too large a percentage of your p&l to not become a huge hassle. Don't know what broker you're at but since you're a daytrader I think it would be a good idea to switch to a discount broker.
     
    #23     Jan 4, 2011
  4. gravitar

    gravitar

    I understand for this type of trading the fees will play a big part in it, but it's a simulated account. I am using a high fee structure of $5 per trade to add a realistic slippage factor. A more realistic fee rate for this amount of trades would be $1 to $2 per trade.
     
    #24     Jan 4, 2011
  5. gravitar

    gravitar

    Cover 550 LNG 6.33 -$55
     
    #25     Jan 4, 2011
  6. Locutus

    Locutus

    I didn't see it was sim, nevermind then.
     
    #26     Jan 4, 2011
  7. gravitar

    gravitar

    Short 400 RBY@5.40
     
    #27     Jan 4, 2011
  8. gravitar

    gravitar

    Cover 700 GLDD@7.88 +$30
    Cover 800 RBY@5.36 +$48
     
    #28     Jan 4, 2011
  9. gravitar

    gravitar

    Results January 4

    Starting equity $50085.00
    Day P/L +$136.50
    Fees -$135.00
    Net P/L +1.50
    Ending Equity $50086.50 +.003%
     
    #29     Jan 4, 2011
  10. gravitar

    gravitar

    January 6 Real time simulated entries:

    MMYT 130@31.31
    ATML 300@13.19
    EPM 400@6.95
    PIR 400@10.99
    JRCC 200@26.00
    DEXO 600@8.91
    AMKR 1000@7.53
    CCC Short 400@14.15
    VLCM Short 220 @17.83
    KEYW Short 180@14.10
    BEBE Short 800@5.65
     
    #30     Jan 6, 2011