A 70k bet that I can't make a 50% gain in 2009

Discussion in 'Journals' started by geez, Dec 21, 2008.

  1. geez

    geez

    03/19/09:

    15:10 400 SRS BUY 58.55
    STOP 58.05
    TGT 59.55
     
    #481     Mar 19, 2009
  2. geez

    geez

    03/19/09:

    200 FAZ EXIT 26.34
    P/L -176.00

    600 DXD EXIT 68.03
    P/L -16.80

    400 SRS EXIT 58.03
    P/L -221.50

    Total P/L +321.75
    4 Trades
    1 win
    2 losses
    1 b/e

    The 3 trades that stopped me out turned right after and all 3 went t tgt. but that's what trading is all about.
     
    #482     Mar 20, 2009
  3. geez

    geez

    03/20/09:

    The market had a strong move up and may still have alittle left in it, but I will focus on stocks that are getting extended and look for some clean short set ups.
    Watching KLAC short.
     
    #483     Mar 20, 2009
  4. geez

    geez

    03/20/09:

    9:58 800 KLAC SHORT 20.69
    STOP 20.92
    TGT 20.25
     
    #484     Mar 20, 2009
  5. geez

    geez

    03/20/09:

    10:18 800 QID BUY 51.60
    STOP 51.35
    TGT 52.10
     
    #485     Mar 20, 2009
  6. geez

    geez

    03/20/09:


    10:36 200 FAZ BUY 33.16
    STOP 32.36
    TGT 34.86
     
    #486     Mar 20, 2009
  7. geez

    geez

    03/20/09:

    800 KLAC EXIT 20.18
    P/L + 397.10

    800 QID EXIT 51.36
    P/L -202.06

    200 FAZ EXIT 33.13
    P/L -21.14
    Moved stop to b/e after up over 1.30

    Total P/L +173.90
    3 trades
    1 win
    1 loss
    1 b/e
     
    #487     Mar 21, 2009
  8. geez

    geez

    03/21/09:

    Week Totals:
    21 Trades
    6 wins
    12 losses
    3 b/e
    P/L +201.53

    YTD Totals:
    59 wins
    59 losses
    8 b/e
    P/L + 9,758.49

    win % 50.0
    R/R Ratio 1.8
     
    #488     Mar 21, 2009
  9. NoDoji

    NoDoji


    I sure hope everyone who wants to be successful is paying attention to the sheer magic behind these numbers.

    Geez, nice work, well ahead of target, too, despite a "tough" week.
     
    #489     Mar 21, 2009
  10. mikea59

    mikea59

    ND,

    I admire your discipline and your ability to read price action. Also, love the detailed explanations on each trade.

    You don't seem to be following a rigid system, you talk about using stochastics, but it seems like most of your trades are discretionary. My question is - how did you develop the confidence to go live without having any real expectancy? I assume you didn't do any serious back testing, don't know how you could based on the non-programmable approach you use.

    Anyway, keep up the good work, I think you are inspiring a lot of people here.
     
    #490     Mar 22, 2009