Rule of 10 Journal

Discussion in 'Journals' started by jagmot, Aug 6, 2008.

  1. jagmot

    jagmot

    Long 48.75
    Stop 45.75

    Stopped out near the lows...
     
    #911     Sep 9, 2008
  2. ryank

    ryank

    I was pulling for you to take the 2-3 point gain and bank it. Close but no cigar. Next short is at 55.50.
     
    #912     Sep 9, 2008
  3. jagmot

    jagmot

    Thanks! I'd like to get some more data before I change the system...but I'm looking at using a 3pt stop 3pt target and then trail 5pt until stopped out or I close out before the weekend or big news event etc.

    I'd love for it to get to 55.50 but I don't think we will. I've been on the short side most of the day with my other trading.
     
    #913     Sep 9, 2008
  4. ryank

    ryank

    ES looks like it is trying to roll over for another drop, 54.50 was as close as it got. Things may change after lunch though.
     
    #914     Sep 9, 2008
  5. jagmot

    jagmot

    Just made a trade error, thought I had canceled out an order to buy at 42.50 (for a buy at 38.50) Heard it execute while I was getting a drink. Came back closed it out immediately and got lucky as it was up a point... +100.

    I am including in trading results because we would include trading errors that went against us.

    Bracketed at 38.75 and 52.00

    Edit: Corrected brackets
     
    #915     Sep 9, 2008
  6. Been there ...done that....ususally goes against me though:D
     
    #916     Sep 9, 2008
  7. volente_00

    volente_00

    What did u say about gaps not filling Pek? Jag what did you give up by taking 10 and not trailing ?
     
    #917     Sep 9, 2008
  8. Pekelo

    Pekelo

    had to be away for a few hours...

    Nothing. I said I wouldn't be surprised if we didn't. But I did miss you posting a short. :)

    Jag, shouldn't there been a long entry around 44.25? It would have been a loser though...

    Edit: I see you canceled it, what was the reason?
     
    #918     Sep 9, 2008
  9. jagmot

    jagmot

    Yep almost always goes against me, i was quite surprised.
     
    #919     Sep 9, 2008
  10. jagmot

    jagmot

    Yep, please see one of my previous posts today about how I am looking at changing the system.
     
    #920     Sep 9, 2008