Actually, it depends on one's particular strategy. I've had as many as 500 open positions on at a time.
I think mujoh said about margin problems. Of course this problem can be broken by using options or high-leverage. But still one problem always shows itself : TRADER must have exact stop loss strategy. Take care of your losses and the profits will take care of themselves! I think I must re-think again my stop loss strategy. Any help would be highly appreciated.
Please look at past pages about holding and closing positions. I'm holding terrible positions Also I had too many early exits about winning positions. So , this all indicates, I need more iron discipline ?! One good news : I've completed my new neural-program and it cares losses more than me. It seems to be next few months, my journal will show more fireworks
MCHP 100 @ 30.82 closed @ 31.36 DMRC 100 @ 6.08 closed @ 6.15 UMC -100 @ 3.65 covered @ 3.54 MDU 100 @ 30.40 closed @ 30.86
Updated Results ------------------------------------------------ Closed positions: ARXX 100 @ 9.27 closed @ 9.54 (0.27 x 100 = $27 profit) AHM -100 @ 38.20 covered @ 35.84 (2.36 x 100 = $236 profit) AA 100 @ 28.00 closed @ 28.52 (0.52 x 100 = $52 profit) IMAX 100 @ 10.60 closed @ 10.70 (0.10 x 100 = $10 profit) EAGL 100 @ 19.85 closed @ 20.00 (0.15 x 100 = $15 profit) SWFT 100 @ 21.40 closed @ 21.77 (0.37 x 100 = $37 profit) TXT 100 @ 73.45 closed @ 74.44 (0.99 x 100 = $99 profit) LRW 100 @ 23.07 closed @ 23.35 (0.28 x 100 = $28 profit) PMI 100 @ 39.83 closed @ 40.25 (0.42 x 100 = $42 profit) ADM -100 @ 21.20 closed @ 20.76 (0.44 x 100 = $44 profit) MHP -100 @ 47.20 covered @ 46.58 (0.62 x 100 = $62 profit) PHK -100 @ 15.02 covered @ 14.70 (0.32 x 100 = $32 profit) CPKI 100 @ 31.00 closed @ 31.49 (0.49 x 100 = $49 profit) SII -100 @ 69.70 covered @ 69.44 (0.26 x 100 = $26 profit) SNV 100 @ 29.34 closed @ 29.48 (0.14 x 100 = $14 profit) WWW 100 @ 22.15 closed @ 22.34 (0.19 x 100 = $19 profit) EAC 100 @ 32.29 closed @ 32.97 (0.68 x 100 = $68 profit) IDTI 100 @ 11.10 closed @ 11.35 (0.25 x 100 = $25 profit) AN 100 @ 21.23 closed @ 21.31 (0.08 x 100 = $8 profit) AVT 100 @ 26.00 closed @ 26.27 (0.27 x 100 = $27 profit) IMAX -100 @ 10.70 covered @ 10.46 (0.24 x 100 = $24 profit) AMR -100 @ 13.55 covered @ 13.13 (0.42 x 100 = $42 profit) COF -100 @ 84.39 covered @ 84.06 (0.33 x 100 = $33 profit) GPC 100 @ 45.55 closed @ 45.62 (0.07 x 100 = $7 profit) GR 100 @ 43.50 closed @ 43.55 (0.05 x 100 = $5 profit) JMDT 100 @ 27.50 closed at 27.75 (0.25 x 100 = $25 profit) VFC 100 @ 58.16 closed @ 58.36 (0.20 x 100 = $20 profit) CDI -100 @ 26.00 covered @ 25.36 (0.64 x 100 = $64 profit) EXFO -100 @ 5.03 covered @ 4.93 (0.10 x 100 = $10 profit) GSL 100 @ 40.95 closed @ 40.26 (0.69 x 100 = $69 loss) MDR -100 @ 25.32 covered @ 24.92 (0.40 x 100 = $40 profit) UNS 100 @ 31.70 closed @ 31.88 (0.18 x 100 = $18 profit) KERX 100 @ 16.00 closed @ 16.14 (0.14 x 100 = $14 profit) CNX -100 @ 68.47 covered @ 67.99 (0.48 x 100 = $48 profit) DCI -100 @ 32.50 covered @ 32.19 (0.31 x 100 = $31 profit) CB 100 @ 87.67 closed @ 87.84 (0.17 x 100 = $17 profit) FDRY 100 @ 11.21 closed @ 11.37 (0.16 x 100 = $16 profit) HNR -100 @ 10.06 covered @ 9.85 (0.21 x 100 = $21 profit) KMX -100 @ 29.49 covered @29.31 (0.18 x 100 = $18 profit) MTLM 100 @ 22.58 closed @ 22.77 (0.19 x 100 = $19 profit) SRCL -100 @ 59.50 covered @ 58.89 (0.61 x 100 = $61 profit) ARDI -100 @ 3.55 covered @ 3.31 (0.24 x 100 = $24 profit) APT -100 @ 2.40 covered @ 2.30 (0.10 x 100 = $10 profit) ATPG -100 @ 31.39 covered @31.00 (0.39 x 100 = $39 profit) AVX 100 @ 13.06 closed @13.24 (0.18 x 100 = $18 profit) BVN -100 @ 24.89 covered @ 24.70 (0.19 x 100 = $19 profit) IFIN 100 @ 34.03 closed @ 34.52 (0.49 x 100 = $49 profit) NCI 100 @ 18.67 closed @ 19.17 (0.50 x 100 = $50 profit) OIS -100 @ 33.44 covered @ 32.60 (0.84 x 100 = $84 profit) COP -100 @ 65.33 covered @ 64.53 (0.80 x 100 = $80 profit) MWD 100 @ 52.30 closed @ 52.71 (0.41 x 100 = $41 profit) WFT -100 @ 65.66 covered @ 65.13 (0.53 x 100 = $53 profit) BLS 100 @ 27.22 closed @ 27.29 (0.07 x 100 = $7 profit) SFCC 100 @ 39.70 closed @ 39.19 (0.51 x 100 = $51 loss) SHW 100 @ 47.23 closed @ 47.29 (0.06 x 100 = $6 profit) CHK -100 @ 28.64 covered @ 28.30 (0.34 x 100 = $34 profit) SII -100 @ 69.80 covered @ 69.12 (0.68 x 100 = $68 profit) STMP -100 @ 19.48 covered @ 19.24 (0.24 x 100 = $24 profit) DVN -100 @ 58.84 covered @ 58.68 (0.16 x 100 = $16 profit) ASO 100 @ 27.47 closed @ 27.17 (0.30 x 100 = $30 loss) ILMN 100 @ 11.28 closed @ 11.57 (0.29 x 100 = $29 profit) FORM 100 @ 25.73 closed @ 25.89 (0.16 x 100 = $16 profit) EFII 100 @ 20.72 closed @ 20.84 (0.12 x 100 = $12 profit) FSL 100 @ 24.85 closed @ 25.05 (0.20 x 100 = $20 profit) NITE 100 @ 7.79 closed @ 7.93 (0.14 x 100 = $14 profit) CEN 100 @ 20.74 closed @ 20.91 (0.17 x 100 = $17 profit) CERN 100 @ 76.95 closed @ 77.34 (0.39 x 100 = $39 profit) AMZN -100 @ 45.26 covered @ 44.95 (0.31 x 100 = $31 profit) LSI 100 @ 9.49 closed @ 9.54 (0.05 x 100 = $5 profit) DWA -100 @ 23.72 covered @ 23.60 (0.12 x 100 = $12 profit) FDX 100 @ 84.84 closed @ 85.67 (0.83 x 100 = $83 profit) RADS 100 @ 11.91 closed @ 12.23 (0.32 x 100 = $32 profit) DOX -100 @ 30.11 covered @ 29.90 (0.21 x 100 = $21 profit) MXT 100 @ 14.47 closed @ 14.56 (0.09 x 100 = $9 profit) KTO 100 @ 13.20 closed @ 13.29 (0.09 x 100 = $9 profit) AF -100 @ 27.78 covered @ 27.33 (0.45 x 100 = $45 profit) DCN -100 @ 15.20 covered @ 14.98 (0.22 x 100 = $22 profit) DGIN -100 @ 23.88 covered @ 23.68 (0.20 x 100 = $20 profit) DTLK 100 @ 3.60 closed @ 3.69 (0.09 x 100 = $9 profit) MDP 100 @ 49.10 closed @ 49.19 (0.09 x 100 = $9 profit) ANLY -100 @ 3.80 covered @ 3.73 (0.07 x 100 = $7 profit) SKE -100 @ 45.30 covered @ 45.21 (0.09 x 100 = $9 profit) GTI -100 @ 5.84 covered @ 5.66 (0.18 x 100 = $18 profit) HHH 100 @ 61.40 closed @ 61.82 (0.42 x 100 = $42 profit) CMI -100 @ 87.50 covered @ 87.09 (0.41 x 100 = $41 profit) JKHY 100 @ 18.50 closed @ 18.86 (0.36 x 100 = $36 profit) GCI -100 @72.90 covered @ 72.12 (0.78 x 100 = $78 profit) SHPGY -100 @ 35.72 covered @ 35.47 (0.25 x 100 = $25 profit) ACV -100 @ 43.90 covered @ 43.56 (0.34 x 100 = $34 profit) TOO -100 @ 27.41 covered @ 27.32 (0.09 x 100 = $9 profit) HIB -100 @ 34.06 covered @ 33.85 (0.21 x 100 = $21 profit) ABI -100 @ 21.13 covered @ 20.95 (0.18 x 100 = $18 profit) BR -100 @ 67.57 covered @ 67.34 (0.23 x 100 = $23 profit) SEPR 100 @ 54.24 closed @ 54.53 (0.29 x 100 = $29 profit) COP -100 @ 66.00 covered @ 65.78 (0.22 x 100 = $22 profit) NXY -100 @ 42.88 covered @ 42.52 (0.36 x 100 = $36 profit) CTSH 100 @ 47.03 closed @ 47.30 (0.27 x 100 = $27 profit) MTD 100 @ 50.50 closed @ 50.59 (0.09 x 100 = $9 profit) CRM -100 @ 24.27 covered @ 24.13 (0.14 x 100 = $14 profit) RIO -100 @ 35.55 covered @ 35.11 (0.44 x 100 = $44 profit) SNE 100 @ 34.33 closed @ 34.43 (0.10 x 100 = $10 profit) ATMI 100 @ 31.02 closed @ 31.15 (0.13 x 100 = $13 profit) REM 100 @ 39.26 closed @ 39.55 (0.29 x 100 = $29 profit) SCS -100 @ 14.82 covered @ 14.70 (0.12 x 100 = $12 profit) KBAY 100 @ 22.46 closed @ 22.63 (0.17 x 100 = $17 profit) WLK 100 @ 31.20 closed @ 32.83 (1.63 x 100 = $163 profit) BTU -100 @ 68.07 covered @ 67.56 (0.51 x 100 = $51 profit) ADRX -100 @ 18.70 covered @ 18.95 (0.25 x 100 = $25 loss) D -100 @ 75.00 covered @ 74.51 (0.49 x 100 = $49 profit) LF -100 @ 13.03 covered @ 12.86 (0.17 x 100 = $17 profit) ABS -100 @ 20.06 covered @ 19.81 (0.25 x 100 = $25 profit) ACE -100 @ 45.40 covered @ 45.20 (0.20 x 100 = $20 profit) MWV -100 @ 29.22 covered @ 29.02 (0.20 x 100 = $20 profit) CHRS -100 @ 11.49 covered @ 11.25 (0.24 x 100 = $24 profit) BJS -100 @ 62.18 covered @ 62.89 (0.71 x 100 = $71 loss) UN -100 @ 70.27 covered @ 69.82 (0.45 x 100 = $45 profit) GSS -100 @ 3.42 covered @ 3.35 (0.07 x 100 = $7 profit) CECO -100 @ 38.00 covered @ 37.86 (0.14 x 100 = $14 profit) RL -100 @ 52.31 covered @ 51.86 (0.45 x 100 = $45 profit) KB -100 @ 54.00 covered @ 53.61 (0.39 x 100 = $39 profit) FEZ -100 @ 41.69 covered @ 41.46 (0.23 x 100 = $23 profit) UMC -100 @ 3.87 covered @ 3.79 (0.08 x 100 = $8 profit) NAPS 100 @ 4.70 closed @ 4.80 (0.10 x 100 = $10 profit) R 100 @ 36.45 closed @ 36.54 (0.09 x 100 = $9 profit) HGIC 100 @ 21.46 closed @ 22.12 (0.66 x 100 = $66 profit) DW -100 @ 44.80 covered @ 44.27 (0.53 x 100 = $53 profit) GDP -100 @ 21.70 covered @ 20.34 (1.36 x 100 = $136 profit) WFR -100 @ 18.03 covered @ 17.87 (0.16 x 100 = $16 profit) WXS 100 @ 19.73 closed @ 20.34 (0.61 x 100 = $61 profit) CBE -100 @ 63.76 covered @ 62.75 (1.01 x 100 = $101 profit) PSA 100 @ 64.55 closed @ 65.68 (1.13 x 100 = $113 profit) GTK 100 @ 29.30 closed @ 29.50 (0.20 x 100 = $20 profit) EPEX -100 @ 18.45 covered @ 18.28 (0.17 x 100 = $17 profit) ADRX 100 @ 19.01 closed @ 19.20 (0.19 x 100 = $19 profit) ABG -100 @ 17.87 covered @ 17.78 (0.09 x 100 = $9 profit) GS -100 @ 112.08 covered @ 110.66 (1.42 x 100 = $142 profit) RD -100 @ 63.99 covered @ 62.22 (1.77 x 100 = $177 profit) RBAK -100 @ 9.10 covered @ 8.85 (0.25 x 100 = $25 profit) RJF -100 @ 29.70 covered @ 29.28 (0.42 x 100 = $42 profit) GAS 100 @ 40.28 closed @ 40.69 (0.41 x 100 = $41 profit) FTO -100 @ 30.81 covered @ 29.78 (1.03 x 100 = $103 profit) APD -100 @ 60.43 covered @ 58.32 (2.11 x 100 = $211 profit) LNCR -100 @ 43.56 covered @ 43.02 (0.54 x 100 = $54 profit) MCHP 100 @ 30.82 closed @ 31.36 (0.54 x 100 = $54 profit) DMRC 100 @ 6.08 closed @ 6.15 (0.07 x 100 = $7 profit) UMC -100 @ 3.65 covered @ 3.54 (0.11 x100 = $11 profit) MDU 100 @ 30.40 closed @ 30.86 (0.46 x 100 = $46 profit) Holding positions: CARS 100 @ 39.00 CD 100 @ 21.22 DRE 100 @ 33.25 DRI 100 @ 34.18 SCI 100 @ 8.63 DCI 100 @ 32.52 MKTX 100 @ 10.62 NCC 100 @ 36.89 ORLY 100 @ 31.46 DD 100 @ 43.00 PTV 100 @ 21.68 GY 100 @ 19.96 ISLE 100 @ 27.91 CMN -100 @ 18.66 CUZ 100 @ 29.92 FNM 100 @ 55.05 IVIL -100 @ 6.03 AOC -100 @ 29.08 SSFT -100 @ 4.43 TQNT 100 @ 3.68 CRMT 100 @ 21.25 TPX 100 @ 17.67 WOOF -100 @ 23.61 ANN -100 @ 25.30 HOC -100 @ 48.50 ISSX -100 @ 21.43 RCI -100 @ 46.95 RGC -100 @ 19.15 SMRT -100 @ 22.14 OXPS -100 @ 16.82 CE -100 @ 19.05 AWF -100 @ 12.44 EASI -100 @ 35.72 HUMC -100 @ 19.82 CONR -100 @ 16.75 KSWS 100 @ 34.27 ETH -100 @ 31.92
Apart from in the odd Russian trading house I don't think I have ever seen a risk-reward profile as bad.