|
Re: How do you calculate points per trade?
I just do points per contract.
For example, a 3 contract play and the first one was +10, the next +20, and the third stopped out I would label them all separately. Then at the end of the day I would tally it all up for (example) +10 on the whole trade.
Lets say I buy 3 YM at 13,200 and it moves to 13,210, the first contract is scaled out and I move my stop up to break even. Then it goes up to 13,220 and I scale out of the second trade, and then it retraced back to 13,210 and my third contract is stopped out.
1st contract - +10
2nd contract - +20
3rd contract - +10
Thats exactly how I would record it in my notes.
If it hit 13,210 then retraced to 13,200 then it would show
1st contract - +10
2nd contract - 0
3rd contract - 0
Then I would rank the trade accordingly.
|