Mustard Seed phase II

Discussion in 'Journals' started by creekboy, Dec 20, 2010.

  1. I have learned that there was some outside interest in this post - so we will update it for those that showed the interest .

    this account when posting started stood at $4935-
    when posting ended it stood at --------------$12428 a 251% increase.

    for the last 2 months since october 17th i have been training a new trader 1 on 1 -

    to see if we can make sense of why the average trader fails .

    this is a rundown of the end of the week results from oct17th to dec 17th -as i will start my no market lookie till jan 9th to refresh my mind -i do this now twice a year -and i have found out the market still runs with out me just fine.



    10/21---9280 (loss of 3148)
    10/29---10899(gain of 1619)
    11/5 ----10535(loss of 364)
    11/12---10977(gain of 442)
    11/19---10160(loss of 817)
    11/26---11477(gain of 1317)
    12/3 ----11789(gain of 312)
    12/10---12611(gain of 822)
    12/17---12021(loss of 801)

    now we all hear about the cost of education in this business-
    the losses if added up ffrom day to day were-
    in total --------$ 7590 that need to recouped to bring this account back to the 12k level -


    i was shocked that if his drawdowns never occured this account would stand @ 20k

    over leverage was the #1 factor in this -do to such a small account balance timing is everything-

    Ryan will continue with this account -he dropped out of school @16 and only has his ged -
    but understands math concepts very well -

    he and i will trade side by side for the next year and see where this goes -

    with 4 eyes watching for setups -

    there will be no inside the pocket dueling computer trades either -

    i am proud to have had the opportunity to see how it looks through someone elses eyes .


    the body language was the best -

    when under water he was leaning as far back in his chair as he could -

    when above water he was leaning in like a jockey on a horse-

    wishing everyone a happy holiday season
     
  2. jan update -
    ryan is still under very strict rules -
    1--no trade entered with out exact known exit
    2--this account has a contract amount lot -which started at 1 and is now at 4 - its set that way to protect the capital -
    as we all have seen those perfect all in setups go the wrong way and clean you for the day -


    ____O_p_e_n_ T_ra_d_e_ _E_q__u_i_ty__________________________________________________________________________________________________________________________

    No Open Trade Equity

    ________________________________________________________________________________________________________________________________________________

    ____A_c_c_o_u_n_t_ B__a_l_a_n_c_e_s___________________________________________________________________________________________________________________________

    Segregated Ledger Open Trade Total

    Beginning balance 12,142.50 - 12,142.50

    Activity __4,0_7_4_.00 _________- __4,0_7_4_.00

    Ending balance US$ 16,216.50 - 16,216.50

    Total US$ Equivalent Ledger Open Trade Total

    Segregated 16,216.50 - 16,216.50

    Net Liquidating Value 16,216.50

    ________________________________________________________________________________________________________________________________________________

    ____D_a_il_y_ _T_r_a_d_in_g_ A_c_t_i_v_i_ty_______________________________________________________________________________________________________________________

    US$ Contracts Exchange Fees Commissions NFA Fees PNL/Other Segregated Secured

    1/10/2011 ESH1 2 -2.28 -2.70 -0.04 225.00 219.98 -

    1/11/2011 ESH1 4 -4.56 -5.40 -0.08 237.50 227.46 -

    1/12/2011 ESH1 2 -2.28 -2.70 -0.04 200.00 194.98 -

    1/13/2011 ESH1 14 -15.96 -18.90 -0.28 100.00 64.86 -

    1/14/2011 ESH1 4 -4.56 -5.40 -0.08 312.50 302.46 -

    1/17/2011 ESH1 2 -2.28 -2.70 -0.04 100.00 94.98 -

    1/18/2011 ESH1 6 -6.84 -8.10 -0.12 -712.50 -727.56 -

    1/19/2011 ESH1 2 -2.28 -2.70 -0.04 1,050.00 1,044.98 -

    1/20/2011 ESH1 12 -13.68 -16.20 -0.24 225.00 194.88 -

    1/21/2011 ESH1 4 -4.56 -5.40 -0.08 262.50 252.46 -

    1/24/2011 ESH1 6 -6.84 -8.10 -0.12 37.50 22.44 -

    1/26/2011 ESH1 8 -9.12 -10.80 -0.16 425.00 404.92 -

    1/27/2011 ESH1 8 -9.12 -10.80 -0.16 562.50 542.42 -

    1/28/2011 ESH1 22 -25.08 -29.70 -0.44 1,075.00 1,019.78 -

    1/31/2011 ESH1 _____4 __-_4_.56 __-_5_.40 __-_0_.08 _2_2_5_.00 _2_1_4_.96 ______-

    100 -114.00 -135.00 -2.00 4,325.00 4,074.00 -

    ________________________________________________________________________________________________________________________________________________

    Tr_a_d_i_n_g_ _d_e_t_ails_ _f_o_r_ _E_-_m_i_ni_ _S_&_P_ _5_0_0_ _-_ _Mar_._ _2_0_1_1_ _(_E_SH1)________________________________________________________________________________________

    you can see only 50 round trip contracts were used -
    up 327% from start
    approx 33 % for month end-
     
  3. mid month update -
    upon january completion -
    ryan wanted to get the feel for a swing trade -
    he chose 2000 dollars as his loss limit -
    entered the trade on feb 1st-
    here is his return

    ____A_c_c_o_u_n_t_ B__a_l_a_n_c_e_s___________________________________________________________________________________________________________________________

    Segregated Ledger Open Trade Total

    Beginning balance 15,793.61 -75.00 15,718.61

    Activity __-1,5_1_7_.57 _____7_5_.00 __-1,4_4_2_.57

    Ending balance US$ 14,276.04 - 14,276.04

    Total US$ Equivalent Ledger Open Trade Total

    Segregated 14,276.04 - 14,276.04

    Net Liquidating Value 14,276.04

    _______________________________________________________________________________________________________________________________





    negative 2000 -
    he said its out of his system -
    found its better to day trade -
    he was short and had several times where he was 300//600//and a high of 1200 in profit but was looking for 2000 -

    i am glad i am putting this here as it will remind him of what is working over time -instead of trying to time the market over 11 days-

    monday restart from 14K