Oh No, NOT Another S&P EMini journal...

Discussion in 'Journals' started by goodday, Jun 23, 2006.

  1. KRSNA

    KRSNA

    For me it is Net Gain/Gross Loss for a truthful Profit Factor. If the manual says different it was not written by a trader.
     
    #111     Jul 18, 2006
  2. KRSNA

    KRSNA

    Hi Goodday,

    If you post your net gains and your gross losses, thus showing your PF I can add a few pieces of wisdom your figures might tell me.

    To know how you are really going I would need to know your PF, then your CR could be brought into play.

    But only if you want to.

    Well done, nice trading.
     
    #112     Jul 18, 2006
  3. goodday

    goodday

    It makes sense even to me (a math challenged trader) to use net gains and gross loss to compute the PF.

    Net gain because, that is what you take home.
    Same way, gross loss is what you take home.

    WHat you take home is what counts in figuring your performance, right?
     
    #113     Jul 18, 2006
  4. goodday

    goodday

    It is too cumbersome to go back and look at the gross loss for the past trades, but I will definitely do this for the future trades. But as you can see, I have already started to post the net gains.

    WOuldn't it be nice if I would have no losses to report......
    (I know, it is utopia... it does not exist, but nice to dream :p )
     
    #114     Jul 18, 2006
  5. nkhoi

    nkhoi


    this is off topic but I know exactly your problem, it is symptom of vitamin C defect, take at least 2,000 mg a day with plenty of water until it goes away, eventually your body will get enough vitamin and you don't need to take them any more.
     
    #115     Jul 18, 2006
  6. goodday

    goodday

    Trades for 7-19-06

    Long 53 contracts.
    Closed for NET PROFIT $927.

    Flat.
     
    #116     Jul 19, 2006
  7. goodday

    goodday

    Contracts traded = Long 31 contracts
    Closed for net profit = $966.50

    Flat before the CPI news.
     
    #117     Jul 19, 2006

  8. I dont understand what your doing just posting long 32 contracts, long were? 1240? 1245?
     
    #118     Jul 19, 2006
  9. KRSNA

    KRSNA

    So is this ONE trade of 31 lots? Are all your posts from here on individual trade results?
     
    #119     Jul 19, 2006
  10. goodday

    goodday

    No. I never enter more than 5 contracts at one time. After the first entry which is usually 5, I will add anywhere from 1-2--3 contracts at a time to my existing position. If you see my previous posts, you will notice that I scale in and scale out over a period of time.
    The way to understand my post is as follows: In the last post, I have made a composite of all contracts traded since my last post, the general direction of the contracts I have taken, and the net gain for the new trades when I went flat.

    It is very difficult to enter any more detail than what I have here. Otherwise it will take me all day to just post, no time left to trade.
     
    #120     Jul 19, 2006