Playskool My First Trading System

Discussion in 'Journals' started by rdg, Sep 1, 2007.

  1. rdg

    rdg

    Product Traded: ER2 M8
    Contracts: 1
    Starting Balance: 4038.83
    Ending Balance: 5910.92
    Misc Charges: -55.79
    PnL Today: -544.80
    PnL To Date: 1927.88


    Thanks HPT. It's easy to get started working with price. Start with a single, easy to test idea that you think gives you an advantage in the market. Do gaps fill? Find out. If so, can you pick entry and exit rules that allow you to make money off of them? Or can you profit from gaps that don't fill? When listed stocks gap without news, can you make money fading them like Don? Then move on to the next idea. What happens when the market approaches critical points? Do you get enough follow through to make money? Or are the reversals consistent enough to take advantage of? And the next: Does afternoon strength translate into morning strength? Or morning weakness? Can you make money off it? Do markets reverse, consolidate, or follow though at certain times of day? Or certain days of the week? And on and on and on.

    Almost exactly 100% of the ideas I test turn out to be useless. Some show the exact opposite of what I expected. And a few are viable. Then, after all that work, you have to be able to implement your strategy and follow it, even when it pitches you under the bus. Best of luck.
     
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    #71     May 14, 2008
  2. rdg

    rdg

    Product Traded: ER2
    Contracts: 1
    Starting Balance: 4038.83
    Ending Balance: 5946.12
    Misc Charges: -65.79
    PnL Today: 45.20
    PnL To Date: 1973.08
     
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    #72     May 28, 2008
  3. rdg

    rdg

    Product Traded: ER2
    Contracts: 1
    Starting Balance: 4038.83
    Ending Balance: 6221.32
    Misc Charges: -75.79
    PnL Today: 285.20
    PnL To Date: 2258.28
     
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    #73     Jun 5, 2008
  4. rdg

    rdg

    Product Traded: ER2
    Contracts: 1
    Starting Balance: 4038.83
    Ending Balance: 6806.52
    Misc Charges: -75.79
    PnL Today: 585.20
    PnL To Date: 2843.48
     
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    #74     Jun 6, 2008
  5. Wonderful inspiring words! :) Thanks, Compulsive for sharing them.
     
    #75     Jun 7, 2008
  6. rdg

    rdg

    Product Traded: ER2
    Contracts: 1
    Starting Balance: 4038.83
    Ending Balance: 6311.72
    Misc Charges: -75.79
    PnL Today: -494.80
    PnL To Date: 2348.68
     
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    #76     Jun 20, 2008
  7. rdg, please reply the following query

    Thanks!
     
    #77     Jun 25, 2008
  8. rdg

    rdg

    Product Traded: ER2
    Contracts: 1
    Starting Balance: 4038.83
    Ending Balance: 6816.92
    Misc Charges: -75.79
    PnL Today: 505.20
    PnL To Date: 2853.88


    It trades at most one round-trip per session and it is always flat at the end of the day.
     
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    #78     Jul 2, 2008
  9. rdg

    rdg

    20% hit on the day. I'm convinced there wouldn't be an edge in this if it were easier to trade.

    Product Traded: ER2
    Contracts: 1
    Starting Balance: 4038.83
    Ending Balance: 5442.12
    Misc Charges: -75.79
    PnL Today: -1374.80
    PnL To Date: 1479.08
     
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    #79     Jul 7, 2008
  10. rdg

    rdg

    Product Traded: ER2
    Contracts: 1
    Starting Balance: 4038.83
    Ending Balance: 6927.32
    Misc Charges: -75.79
    PnL Today: 1485.20
    PnL To Date: 2964.28
     
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    #80     Jul 8, 2008