Thanks for asking, still in the game but having a hard time. In comparison, I'm not doing too badly considering my style. I'll post my returns for the year to illustrate where I got stuck (sorry for spamming): Today was another torturous day for me. 0819: -$3409
The reason few are posting is most traders are getting ripped due to mass volatility. mskummy you were probably in 100k bac at anyone one time. How have you handled 10-20 pt es moves in min's ? show us days when you get caught on the wrong side of 200k .were are you existing and how. The knife cuts both ways. i know some of the best traders in the nation and there having huge up and down days. this isn't like 2008 were we had tons of straight up and down moves. now trends c hage in seconds
to answer a slew of emails... Total number of contracts turned in that weekly period was 358, which includes ES, TF and CL in combination across several different accounts. I don't show commissions because what I pay, what you pay and what someone else pays is between each of us and our broker. Never again will I play the game of, "why do you pay this while I pay that" email exchanges. So let's assume my cost is $5 per turn and leave it at that. 358 x $5 = $1,790 cost basis. Now subtract that from the total and we have it near enough. My profit objectives for CL begin at $500 per contract and ideally hit $750 to $1,000 or greater per each contract on what I consider successful trades. Same thing for TF: a $400 to $800 per single contract trade is my description of a targeted profit objective. I am not a scalper, I do not purposely target chicken-pick ticks for exited trades. My actions are intraday swing trades for chunk yardage. Lastly, the shortest timeframe of reflection I consider relevant at all is one week. Any single session or couple session's result means less than nothing overall. Pro traders commonly have one, two or three flat days per week with the bulk of gains coming from just one or two solid sessions. Weekly and monthly cumulative results offer valuable feedback... which is what serious professionals in this business learn to study
Worked a 1/2 day 5a - noon, then trading 12:45 to close - could not get anything going. Morning volatility usually my best trades and missed it. +$16.71 after commish //// ehhh
Chart I posted had my equity in euros, I'm posting daily results in dollars. Decent day, no exposure going into tomorrow. 0822: +$2530
I don't want to give the impression that I still routinely put up $70K days like it ain't no thang. In fact, just this month I finally came out of a seriously painful three-year slump. It'll take many more of these to get my net worth back up to where it was in Aug. 2008... <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3279164>