At this point in time, I have no desire to trade futures. I do not think I have a working edge there. When I discover that, and possibly able to automate the trading, I might consider adding that to my trading.
I think it is totally possible.... I turned 109k into 400k....part time (only a few hours at nite...in 5 months... Just dont be a cowboy on great days ...or trade out of anger and watch position and s/l sizes... 3 more months later I am down to 60K....very stupid I know!!!!
Think of how much shit you could pull if you were invisible, like you could go wherever the next report is coming out of read it and then make more than a billion. i choose invisible
so you think its impossible? ---------what if u misread the report....or the result was a "buy the rumor sell the fact".....u could lose a billion..... better off...working and trying !
True, that is the reason for doing it... it shows how your account is progressing in comparative % terms. Obviously, if you set the minimum value on the y-axis higher to 10,000 or 100,000 it will be clearer. IMHO on a psychological level it is probably better to at least have this as an additional chart for yourself: as your account progesses the swings that would seem more wild on a linear scale will be put into pespective on the log scale. Cheers, Zzoom
Weekly Update for week 12 ended 04/04/2008 Moderately positive week, up 2K (2%). Biggest loser was a SPY put option carried forward from last week, closing on Tuesday on that massive rally day for loss of 5K. Other than that, the rest of the week flowed smoothly with lots of little gainers. Looking forward to next week. Code: Balance B/F: 107,640 Net gain for the week 2,136 ------------------------------------------------ Balance C/F: 109,776 Number of Trades 21 Number of Profitable Trades 14 Since Inception of Thread 01/13/2008 - 04/04/2008 Balance B/F: 102,615 Net gain (Less Margin Interest) 7,161 ------------------------------------------------ Balance C/F: 109,776 (Up 7.0%) Number of Trades 235 Number of Profitable Trades 137 Expected Balance at this time to be on track for Year-End Target : 185,166 Status: Behind Target (Based on adjusted balance before withdrawals) Top/Bottom Discretionary Trades for the week TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAINS/LOSS TYPE WYNN 2008-04-02-11-37-56 2008-04-02-15-44-05 900 100980 103950 2950 SHORT ------------------------------------------------ SFBPA 2008-03-24-09-43-26 2008-04-01-10-31-20 10000 23400 18786 -4814 SPY PUT OPTION
btw...what is a really good program to keep track of all trades...pnl etc etc etc...like the one you are showing....when u have a mixture of fx, futures (all types), equities, options etc...thanks
Weekly Update for week 13 ended 04/11/2008 Embarrassing week, down 10.2K (9.3%). Made a 6.7K gain shorting FSLR on Monday. After that I could do nothing right. Every thing I touched went against me. Add to that inability to get out of a losing position, instead averaging in, and panic exits, and that summarized the forgettable week. Devoting more time to getting my automated stuff working. Code: Balance B/F: 109,776 Net loss for the week 10,196 ------------------------------------------------ Balance C/F: 99,580 Number of Trades 14 Number of Profitable Trades 6 Since Inception of Thread 01/13/2008 - 04/11/2008 Balance B/F: 102,615 Net loss (Less Margin Interest) 3,035 ------------------------------------------------ Balance C/F: 99,580 (Down 3.0%) Number of Trades 249 Number of Profitable Trades 143 Expected Balance at this time to be on track for Year-End Target : 194,503 Status: Behind Target (Based on adjusted balance before withdrawals) Top/Bottom Discretionary Trades for the week TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAINS/LOSS TYPE FSLR 2008-04-07-09-46-19 2008-04-07-13-22-26 400 109060 115856 6760 SHORT --------------------------------------------------------------- BBBY 2008-04-09-16-36-30 2008-04-10-10-31-50 6000 177714 171208 -6557 SHORT