BNK, wow...Thanks for your advice. You were able to get into some deep issues without even knowing about how I am trading. The part where you posted about letting the profits run has been on my mind all week. I am gently trying to adjust that. I will continue to post results and I hope that with these changes there will be improvement. Thanks again BNK... I think there are some really great traders in here and I am glad that I started this thread. Michael B.
ES, Tommorrow is a very auspicious day, it's Buddhas (and my Gurus) birthday, it is also the strongest full moon of the year. Consider it a very blissful time when many nice things are happenning (at least for me they are). What you have developed by this weekend you will have rapid success with it by committing to it.. New moon is the time of planting - full moon the harvest. The strongest new moon is in 6 months time. Sincerely best of luck with everything.
Still grinding it out. As you can see my stats resemble the "hard way" to trade...under a 60% winrate with an unmentionable win-to-loss ratio. It has been a tough month and finally turned profitable this month on the 19th!!!! well there are some trading days left and hopefully i can get up to a respectable 3% for the month. some of you might say hey Electric! what are you complaining about?...realize this is 24 hour trading in shifts and the hourly wage is not that great, unless there are millions of dollars traded... I am trying to get better, but I am not doing a very good job of it. Michael B. http://www.electricsavant.com/Spreader Results.xls
Hey you guys! You know how I always preach about money management not working with the various Kelly, Ryan Jones and Martingale strategies...but only in trade rank...higher probability entries get higher risk... Well... It works! I now have two trade entries planned in my system...one that I call "slow"...and one that I call "fast".... Look at the set of three trades, I exited at 9:03: Scrole down http://www.electricsavant.com/Spreader Results.xls
I just took another "fast trade" and bagged 200 bucks on the set up...at 9:44 Come to Pappa Michael B. http://www.electricsavant.com/Spreader Results.xls
oh my gaWD...I am nearing another....two-"C" note... bagger. I love trading...I love everybody.. Let the light of "Luv" come shinin' Fru...
I came...I conquered.. I have 222 bucks more.... I luv you Wifey you don't have a chance to beat me today...
There he is.... acting like a novice schoolkid trader...He acts like he is king...yegawds its just another trade ...get over yourself Electric... Electric you know who the best executer in the Family is... Wifey
Ok fans and followers... I have the tiger by the tail... But...I will now put on a slow trade and collect some interest and PIPS. I do this because it is after 10:00 (mst) and it slows down now.. what a fricken Morning... Michael B.
It was a beauty today ES. Two days of trading bunched up into one because of the holidays. Gentlemen (and ladys), Try this out. If you want to improve your edge - open up a chart on a completely unrelated market that you don't trade. For example I opened up the dow (but I never trade it - fx is my thing). Then, in 5 or 10 mintues reverse engineer a "new" system - or throw together parts of old systems in a brainstoirming session. Then go back to the market you normally trade and custom fit the strategy that you just came up with on the new instrument. I did it today after market - just for "kicks" but I actually got something out of the excercise! Just goes to show that our creativity sometimes needs a new field to express itself - in striving for .......THE PERFECT EDGE. PS. ES you should turn up the juice a bit on the leverage - personally I think your being too conservative on a day like today especially. ($222 on $105,000?). Go for about 30% more juice (just a hunch).