Trader P/L 2013

Discussion in 'Journals' started by sellindexvol66, Jan 3, 2013.

  1. Eyez

    Eyez

     
    #221     Feb 26, 2013
  2. It's not tenable. You can't risk 5/1 on average and make it.
     
    #222     Feb 27, 2013
  3. I got punched in the face a few times over the last couple of days. I'm glad I was able to get up off the ground and bounce back with a new best day of the year. Yeah, it stinks that my best day is the same size as my bad days, but I'm working on it.

    +34

    BTW, FCXoptions asked what I trade. I trade stocks.
     
    #223     Feb 27, 2013
  4. Eyez

    Eyez


    don't worry about me or what I "can" or "cannot do"
     
    #224     Feb 27, 2013
  5. Eyez

    Eyez

    -108

    got in late, missed morning moves, felt like I was chasing throughout the day
     
    #225     Feb 27, 2013
  6. slow and steady~~building consistency?

    you don't hold overnight?
     
    #226     Feb 27, 2013
  7. You blow up because you risk 5x your target.
     
    #227     Feb 27, 2013
  8. Eyez

    Eyez


    Thanks, but I don't have targets. I am just watching my downside and adjusting stops. I don't mind getting stopped out as the trades I put on are near inflection points so I will either be really right or immediately wrong. I gotta buckle down and reverse the trade and re-enter towards original direction. I've failed to do this the last few days and it cost me. I am always flat by EOD and thus time is sometimes not on my side.

    It's most likely a psychology issue; I just dislike the idea of paying up 4-5 ticks to reverse the trade and get stuck in that dance 3-5 times. Works more often than it doesn't, but I just dislike it.
     
    #228     Feb 27, 2013
  9. Nothing personal. Your sheets show that your avg loser is a lot larger than your avg win. You're going for hit-rate. That's great if you can lever-up to real money and then go conservative, but I'd say that the probability of making it is inversely-proportional to your hit-rate.
     
    #229     Feb 27, 2013
  10. Eyez

    Eyez


    I understand what your saying, I gotta stop being a bitch about getting ticked out. Sometimes I worsen stops to give it room and it usually gets worse. Really need to stop doing that shit.
     
    #230     Feb 27, 2013