Yes theapprentice, markets have an upward bias. Buy the retracements, Buy the breakouts. I discovered that exact entry point had less to do with profitability than I originally thought. Position sizing and proper use of leverage had a much greater impact overall.
You may be interested in this thread since I was doing a similar thing then buying the dips https://www.elitetrader.com/et/threads/2015-journey-continues.289061/page-2 Good luck.
Thanks for the link Jakobsberg. I like reading Journals of people who are trading outside of their primary career. You have a thorough Macro view whereas I am primarily technical.
I had some trades on going into the new year, which I closed this year. I caught a small piece of the new year rally, which I suppose is better than totally missing out. I shoulda just bought and held, LOL. I am 100% cash now. Just getting accustomed to result reporting, as I’m a little rusty. Probably do weekly updates and then start a new equity curve each quarter or something. Any open trades will be posted mark to market. Total Net Profit $713.16 Gross Profit $713.16 Gross Loss $0.00 Profit Factor n/a Total Number of Trades 5 Percent Profitable 100.00% Winning Trades 5 Losing Trades 0 Avg. Trade Net Profit $142.63 Avg. Winning Trade $142.63 Avg. Losing Trade $0.00 Ratio Avg. Win:Avg. Loss n/a Largest Winning Trade $208.04 Largest Losing Trade $0.00 Max. Consecutive Winning Trades 5 Max. Consecutive Losing Trades 0 Total Commission $6.00 Return on Initial Capital 0.71% Buy & Hold Return 8.08% Annual Rate of Return 28.84% Trading Period 9 days Max. Equity Run-up(Daily) $792.65 Date of Max. Equity Run-up 1/5/2018 15:00 Max. Drawdown(Daily) Value ($108.64) Date 12/29/2017 15:00 as % of Initial Capital 0.11% Max. Trade Drawdown ($36.66)
Hey, I feel your pain about should-have-held positions. Just sending you some vibes to help you deal with it. Wheeee!