Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

brownsfan019

Trader P/L 2010

Recommended Posts

Silver is not a good contract to trade for the little guys. You will make some quick easy money a few days and then get your head handed to you on a silver platter!

 

Another way to look at it is this: Just because your broker will let you trade it, that doesn't mean you ought to trade it.

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites

SIM

+$1,295

 

Good day on P/L but I blew my exits on 2 natural gas trades that cost me mucho ticko. Most of my early oil trades have been proving poor so I might start holding off on making trades until things get going. Didn't even watch silver. I am considering dropping the RLM. It doesn't seem like I have ever been able to get in synch with it on a consistent basis. The 6E didn't give me much to work with, 2 BE trades and 1 small profit.

 

attachment.php?attachmentid=19227&stc=1&d=1266003394

 

2 Week Summary

Its been a good 2 weeks. I've been changing my trading methods a bit and so far so good. I only allow myself to trade 1 contract right now on every trade. I now know I have the ability to do well, it is just a matter of getting the consistency down, limiting losses, and trading the same way with real money. No small tasks.:)

 

attachment.php?attachmentid=19228&stc=1&d=1266004271

 

This thread became like the gym. Crowed right after new year's day and then down to just a few in February.;)

5aa70fcf89281_2-12-20104.png.42a2db2c79d9f4cc04e9b7c2c86f46ad.png

5aa70fcf8c2ea_2-12-20105.png.78f1249c7c5a00603bb3f1987fa21422.png

Share this post


Link to post
Share on other sites

Hey guys,

 

Since I said it here...

 

I will also continue to post my weekly P/L over at the Trader P/L 2010 thread.

 

...I'll post this week's P/L. However, I think it's silly to essentially make duplicate posts, so from now on, I'll just post my P/L exclusively on my log.

 

You can view my P/L log post here. :)

 

-Cory

PnL.jpg.009019481f584a432429f50db7b6a085.jpg

Share this post


Link to post
Share on other sites
Does anyone trade varying lot sizes depending on how "good" the setup is?

 

You will serve yourself better by exploring adjusting your position size based upon real risk, rather than on perceived "goodness."

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites

-$990. I keep getting my "!@(*&(&^$#" handed to me. I'm now over 1 month of being in the same darned DD and it's driving me insane..... Today, I had an issue with IB (that I've seen before) that caused me to screw up one of my trades and I ended up loosing $43.38 on that particular trade. However, if I had fixed the damned issue 6 months ago (the last time I saw it), this particular trade would have been +$1200 and I would have (at least) been on the profit side of the house today. So pisses me off.....

 

Jason

5aa70fd26f2e6_2-16-201010-26-58PM.png.c62fadafb1fca497ee8d3b61195015ff.png

2010-Net-PL.thumb.png.477358446b59c26bb0a3875ed4642115.png

Share this post


Link to post
Share on other sites

Today, +60. Completely boring day in the ES.

 

I am thinking about leaving CL alone. The price action just does not work for me

 

My equity algo, and I say that very loosely, is taking time away from my main futures account and we are stuck having something we turn on when conditions are triggered and not leave on all the time, which is really not what I want.

 

I am possibly going to move the capital used on the algo to options on futures.

 

Chris

Share this post


Link to post
Share on other sites
Today, +60. Completely boring day in the ES.

 

I am thinking about leaving CL alone. The price action just does not work for me

 

My equity algo, and I say that very loosely, is taking time away from my main futures account and we are stuck having something we turn on when conditions are triggered and not leave on all the time, which is really not what I want.

 

I am possibly going to move the capital used on the algo to options on futures.

 

Chris

 

That's unfortunate about the algo work not living up to expectation. I've been there....heaps of times.

 

If I may query, why FOPs rather than just futures? I am going to assume these will not be quick scalps but rather maybe have some other component to them, maybe you want the greeks rather than pure delta?

 

With kind regards,

MK

Share this post


Link to post
Share on other sites
I am going to assume these will not be quick scalps but rather maybe have some other component to them, maybe you want the greeks rather than pure delta?

 

With kind regards,

MK

 

I feel more comfortable trading physical commodities with options than with futures, and yes these will be longer term swing trades.

 

Chris

Share this post


Link to post
Share on other sites

SIM

-$682

 

2 days of big losses and I feel the confidence draining away. Got stoped out of my long on GNG at the low of the day so I'll start moving my stops a few ticks farther and see if that helps. Still working on taking fewer trades.

 

I thought FOMC would provide some good movement but didn't do anything useful.

 

attachment.php?attachmentid=19367&stc=1&d=1266435268

5aa70fd3c97fb_2-17-20103.png.f1707ed7e9c2880c8ac4c629e52ad214.png

Share this post


Link to post
Share on other sites

2-19-10: +$680

 

Nice day on oil, wish they were all this easy. Great moves until the lunch lull kicked in and I said adios.

 

Note - if you are trading or watching the CL contract, you should be trading the J0 contract today as that has the most volume. If you are on the old one, you are ok for today but change over on Monday. CL is a monthly contract.

2-19-2010.png.fe5771a3bd8d0945edea21b0904c47ae.png

Share this post


Link to post
Share on other sites

+$2435 Another nice day for me.

 

Oh shoot. Almost forgot to mention my best news. I finally broke out of my hellish month long DD and popped through a new equity high today. 'Bout time.....

 

 

Jason

5aa70fd65f7ec_2-19-20104-18-33PM.png.ec050a338ed15b3d9bdebe266ced9fee.png

Share this post


Link to post
Share on other sites
+$2435 Another nice day for me.

 

Oh shoot. Almost forgot to mention my best news. I finally broke out of my hellish month long DD and popped through a new equity high today. 'Bout time.....

 

 

Jason

 

Congrats man! Drinks are on the markets tonight I suppose? :rofl:

Share this post


Link to post
Share on other sites

SIM

+$630

GCL trades: 6

GNG trades: 1

 

 

A quick note before my day's notes. These ideas are specific to my style so I realize this isn't necessarily true for other traders.

 

I realized over the weekend, that my overall trading strategy was requiring too large of daily winners to be profitable. This meant that when a big move was brewing, I had to be in it or my day would not be profitable which led to overtrading.

 

I don't want to become a trader that relies upon big moves to survive since those don't always happen, I am not always going to catch them, and I want to be able to take vacations without worrying about missing the big moves. My new philosophy is going to be based around being able to make money day in and day out on swings that always occur. Don't get me wrong, I am not looking to start scapling. Today went well but with my new method, I will have to cut days short if I my first few trades don't have a winner. I am still working on trade filtration so I can up my win rate to match my normal stop size.

 

I'll try to start posting the number of trades I took to keep myself more accountable.

 

attachment.php?attachmentid=19493&stc=1&d=1266855856

5aa70fd7aabe6_2-22-201001.png.be629a3726b7dfb0fea86f04d65c6521.png

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • How's about other crypto exchanges? Are all they banned in your country or only Binance?
    • Be careful who you blame.   I can tell you one thing for sure.   Effective traders don’t blame others when things start to go wrong.   You can hang onto your tendency to play the victim, or the martyr… but if you want to achieve in trading, you have to be prepared to take responsibility.   People assign reasons to outcomes, whether based on internal or external factors.   When traders face losses, it's common for them to blame bad luck, poor advice, or other external factors, rather than reflecting on their own personal attributes like arrogance, fear, or greed.   This is a challenging lesson to grasp in your trading journey, but one that holds immense value.   This is called attribution theory. Taking responsibility for your actions is the key to improving your trading skills. Pause and ask yourself - What role did I play in my financial decisions?   After all, you were the one who listened to that source, and decided to act on that trade based on the rumour. Attributing results solely to external circumstances is what is known as having an ‘external locus of control’.   It's a concept coined by psychologist Julian Rotter in 1954. A trader with an external locus of control might say, "I made a profit because the markets are currently favourable."   Instead, strive to develop an "internal locus of control" and take ownership of your actions.   Assume that all trading results are within your realm of responsibility and actively seek ways to improve your own behaviour.   This is the fastest route to enhancing your trading abilities. A trader with an internal locus of control might proudly state, "My equity curve is rising because I am a disciplined trader who faithfully follows my trading plan." Author: Louise Bedford Source: https://www.tradinggame.com.au/
    • SELF IMPROVEMENT.   The whole self-help industry began when Dale Carnegie published How to Win Friends and Influence People in 1936. Then came other classics like Think And Grow Rich by Napoleon Hill, Awaken the Giant Within by Tony Robbins toward the end of the century.   Today, teaching people how to improve themselves is a business. A pure ruthless business where some people sell utter bullshit.   There are broke Instagrammers and YouTubers with literally no solid background teaching men how to be attractive to women, how to begin a start-up, how to become successful — most of these guys speaking nothing more than hollow motivational words and cliche stuff. They waste your time. Some of these people who present themselves as hugely successful also give talks and write books.   There are so many books on financial advice, self-improvement, love, etc and some people actually try to read them. They are a waste of time, mostly.   When you start reading a dozen books on finance you realize that they all say the same stuff.   You are not going to live forever in the learning phase. Don't procrastinate by reading bull-shit or the same good knowledge in 10 books. What we ought to do is choose wisely.   Yes. A good book can change your life, given you do what it asks you to do.   All the books I have named up to now are worthy of reading. Tim Ferriss, Simon Sinek, Robert Greene — these guys are worthy of reading. These guys teach what others don't. Their books are unique and actually, come from relevant and successful people.   When Richard Branson writes a book about entrepreneurship, go read it. Every line in that book is said by one of the greatest entrepreneurs of our time.   When a Chinese millionaire( he claims to be) Youtuber who releases a video titled “Why reading books keeps you broke” and a year later another one “My recommendation of books for grand success” you should be wise to tell him to jump from Victoria Falls.   These self-improvement gurus sell you delusions.   They say they have those little tricks that only they know that if you use, everything in your life will be perfect. Those little tricks. We are just “making of a to-do-list before sleeping” away from becoming the next Bill Gates.   There are no little tricks.   There is no success-mantra.   Self-improvement is a trap for 99% of the people. You can't do that unless you are very, very strong.   If you are looking for easy ways, you will only keep wasting your time forgetting that your time on this planet is limited, as alive humans that is.   Also, I feel that people who claim to read like a book a day or promote it are idiots. You retain nothing. When you do read a good book, you read slow, sometimes a whole paragraph, again and again, dwelling on it, trying to internalize its knowledge. You try to understand. You think. It takes time.   It's better to read a good book 10 times than 1000 stupid ones.   So be choosy. Read from the guys who actually know something, not some wannabe ‘influencers’.   Edit: Think And Grow Rich was written as a result of a project assigned to Napoleon Hill by Andrew Carnegie(the 2nd richest man in recent history). He was asked to study the most successful people on the planet and document which characteristics made them great. He did extensive work in studying hundreds of the most successful people of that time. The result was that little book.   Nowadays some people just study Instagram algorithms and think of themselves as a Dale Carnegie or Anthony Robbins. By Nupur Nishant, Quora Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.