+87 gross It was sloppy out there, again, but I caught a couple of things. I actually missed some great trades because I was being extra cautious and wasn't going to risk much today. It was still a great month. I'll post a month review on Monday.
Wimpy month for the tailz fund, though still positive. Had to cut it short midway thru the month to relocate for another engineering contract :eek:
-42 gross This was one of the most frustrating days of the year. I was all short near the open and things were going great. Then the S&P shot up 10 points and I was knocked out of almost everything and almost done for the day as I was near my max loss for the day. Then the market dropped 14 points and I was back to break even. For the next three hours my P/L was playing mind games with me as it kept going to exactly zero or down a few bucks, but never positive. I churned away a little more money and could never find anything that would move. I misplayed many of my trades due to frustrations and easily could have had a positive day. Not a great start to the month, but really not that bad of a loss. May Recap: May was a fantastic trading month for me. I transitioned to my new account and I have been very pleased with the results. It was my first profitable month of the year and the profits more than covered all the losses of the prior four months. I have been working hard by increasing the amount of trading research I do each day. I feel like my trading skills and senses are improving, but I know I have so much to still learn. My biggest weakness that I need to work on is trusting my research and sitting in my trades. I tend to get out of winning trades too soon and/or not add shares to things that are working. I know my profits for May would have been so much greater if I had just sat in my shares and waited for my targets. I am pleased with my win percentage, but I would like to get my average winner/loser ratio up to around 2.5. May: Net P/L: +619.26 Win %: 50.63 Avg W/Avg L: 1.87 1st Four months of the year: Net P/L: -93.78 Win%: 38.14 Avg W/Avg L: 1.52
Hi All, I have been hanging around for a while just reading this thread and have decided to take the plunge and join you all This is today's P&L. I took two trades early doors which both cost me and then another this afternoon which made it all back and then some... I hope to be able to contribute more. Avante
-69 gross It was another rough day for me. Part of my issues for the past couple days is that I have been too aggressive with my share size on entries. I've been trading too large to allow my trades to play out and also stay within my risk parameters. If I had just used the appropriate size, today's losses would have greatly been miniminzed and I may have turned a profit. Two losing days in a row hurts psychologically, but I'm trying to stay positive as I know I can make all of it back and more in one day. As long as I don't let any one day hurt me too badly, I can always make it back.