i have just begun trading again, after a hiatus of a 5 mos. i would like an evaulation of my trading abilities. I am trading es, 5minis at a time. I place stop and reverse orders, am always in the market, and out at the end of the day. I started up again yesterday. 7-10-02 trading 5 es2u's S 95425 L 95200 +225 S 94875 - 325 L 94275 +600 S 94050 -225 L 93775 +275 S 94450 +675 L 92925 +1525 S 92600 -325 O 91875 +725 UP +3150 POINTS FOR THE DAY +$7875 7-11-02 953am L 91150 1046am S 91675 +525 1150am L 91150 +525 1159am S 90675 -475 1236pm L 90625 + 50 149pm S 91325 +700 155pm L 91650 -325 224pm S 91675 + 25 231pm L 92300 -625 358pm S 92775 +475 409pm O 92825 - 50 +825 POINTS +$2062 How am I doing? BTW this trading is all systematic/mechanical/ mathematical .
June and July have been awesome months for directional volatility intraday. If you could do that for a few weeks and step the contracts up, you'd be in Superego's league.
Two days worth of trades is nothing but NOISE! Come back and ask when you have 100-500 trades under your belt.. Publias
GJmason, Tell us your reasons for entry and exit and I will evaluate. Figures mean nothing to me especially when there not mine. Is this real trading or on paper?
Two days worth of trading is really too small of a sample to derive any kind of conclusion on future performance. It's an encouraging start though. MM
Your system sounds similar to mine, always long or short. Do you try to catch the small intraday trends and ride them out, or use discretionary exits or price targets? Sounds like you have a great system. What is an average day like trading it?
It looks promising but it's like Publias- Enigma says, you need minimum 100 trades to say something sensible about your system... If you throw 12 times the dice and you get 4 times the number 1,(expected 2 times) does it mean that there is something wrong with the dice ? Answer : maybe... If you throw 120 times the dice and you get 40 times the number 1 then there is probably something wrong with the dice. It is statistically significant in the latter case !
i made today 18k and 27k yest - does that make me a good trader? This is childish..what is your biggest losing trade? what is your largest winning trade? those are the things you should be telling us and not after trading 2 days otherwise you will give everything back plus more.. given taken few more months