+7 gross After yesterday, I've decided to go back to only taking my pre-planned trades. Yesterday I took a couple of non-planned trades and messed thing up. I did well when I did this a couple of weeks ago. That overtrading gorilla is still on my back and only taking my pre-planned trades should help me only take well thought out trades. Also, I recently backtested the last 5 weeks of my pre-planned trades. Had I taken all trades that triggered and nothing else, I would have made a very nice profit. Instead, I only took some of them along with many other spur of the moment trades that resulted in a loss for the time period. Today, I only took my pre-planned trades. Unfortunately, all my setups were long. Considering I was all long from the open and sat through a 15 point S&P drop, break even for the day is pretty good.
as i last posted i needed vol. this is today's long vol covers. i hope i am not too premature but when es dived today i could not resist taking some profit. i still have my share of long vol but whats left is now a hedge to short vol instead of a trade on its own.
marks 10/7 to 10/11 as i have posted in jgills thread...after many yrs in a product the margins increased by 10x a few months back. 6 yr ride that was something else. i will adapt the best i can.