Thanks for taking the time to share your thoughts. Yes, Its very hard to focus on trading with a large open loss. Thats the main reason for closing it out and taking the hit. I think the odds favor ENER falling next week and in fact it fell at the close on Friday. I did not want to take the chance that ENER would move further against me causing me to have to change the way I trade. I understand what went wrong and have taken steps to correct it. I will also trade smaller next week and not try to get it all back for this month right away. I will try next week to do the best I can and whatever amount I make I will be happy with. I am unsure if I totally agree or not with a need to be profitable every month but I do know that every time I have introduced a new indicator I have taken a loss. This one just happen to be very large as a result of mistakes that I made in combination at the same time. Again, lessons have been learned with the tuition that I just paid...LOL On a positive note my account is up over 20% for the year which I hope is considered acceptable after the draw down of last week. Thanks again and best of trading to you Bob
A better Monday that last week. No real trades but did a lot of scalping including ENER I did trade the hong kong futures last night. shows up in the PnL but no longer in the trades. Made about $370 and will keep it in HK dollars (HK$2890) I am short 6 HP @ 76.62 scalps ENER + 349 FDG + 133 HK + 39 HP + 59 MEE + 49 I did get one long signal for GFIG. didn't act as expected so I walked away with a small profit. + 104 + 1104 for the day / week - 8548 for the month
Closed out HP from last night. + 471 just some scalps today. still long covered GE + 536 for the day + 1640 for the week - 8012 for the month
Not much today. Just a bunch of scalping. Did trade the Sydney Futures exchange last night. Made a few dollars. Now have some Auzzi dollars in the IB account. Long SPY as of this post. Scalps HON + 105 KR + 71 RMBS + 79 SPY + 228 WOR + 131 + 726 for the day + 2366 for the week - 7286 for the month
wow, interesting day. traded well and happy with the day. WOR + 106 S:Laurel scalped GG + 203 OSK +207 scalped S:6b + 517 for the day + 2883 for the week - 6769 for the month
I traded the HSI last night. It opened up very down and I traded it to the long side trend. Just one trade today. XCO + 321 S:6b + scalped Some other quick scalps include GG + 180 AUY + 94 GM + 17 HUN + 66 My covered GE long is a little in the red. Considering the last few days its holding up well IMHO. + 958 for the day + 3841 for the week - 5811 for the month
Hey King, Thanks, really nice of you to say so. Hope to build back one trade at a time. Best to you sir, Bob
Traded the HSI and the Sydney exchange for about $1300 + only one trade today CCJ + 390 S:6b+ (came at end of day) did a lot of scalping HERO + +278 MTG + 104 QQQQ + 100 TS + 224 XCO + 593 really a good way to end the month. Wasnt enough to get me positive for the month but happy with today and the year so far. + 2996 for the day / week - 2815 for the month