Journal of index futures trading

Acc

 

Warren Buffet has said diversificaiton is protection against ingnorance, however...

If diversification increases your probability of making a winning trade, then is it still ignorance protection?

He is dead on with his number one rule though - don't lose money.

6/8 winning trades this week in futures & fx. Will post picture when I get home.

I've changed my approach once again just slightly. I use a variety of tools to time the markets, and they are all purely technical/statiscal.

 

Did a quick nq trade for $235 on this crazy price action.

 

You won't listen to this advice but you should be on sim until you know what your doing. Once profitable 12 out of 15 days go live 1 contract. The pros appreciate your donations thus far. Best wishes

 

@ 10680 (8000 starting) with futures account

@ 2848 (3000 starting) with forex account

 

@ 11308 (8000 starting) with futures account

@ 2888 (3000 starting) with forex account

Largest losing trade was a short I covered (-$533) in ZNM1, with one of the largest Monday long/buy biases ever. I saw the resistance point... Oops...

 

@ 12480 (8000 starting) with futures account

@ 3038 (3000 starting) with forex account

 

@ 11663 (8000 starting) with futures account

@ 2791 (3000 starting) with forex account

Wasn't paying close enough attention to my USD/JPY trade.

2/2 losses I took yesterday would have been less if I had waited (retrospect is a bitch).

 

@ 122XX (8000 starting) with futures account

@ 26XX (3000 starting) with forex account

 

@ 11910 (8000 starting) with futures account

@ 2584 (3000 starting) with forex account