Trader P/L 2009 - Page 143

brownsfan019 · 10-22-2009, 01:19 PM

10-22-09: +$20.00

Hell yeah! 20 bucks.

Missed a gorgeous sell on the Russell. Slower day overall after yesterday's big moves, to be expected.

hunnybunny · 10-22-2009, 04:34 PM

Quote:

Originally Posted by Grey1 »

so far so good as the man said falling from a high rise building

Grey1

Better trades next week, chaps

i'm just watching the markets with fascination. What a roller coaster!

brownsfan019 · 10-23-2009, 12:27 PM

10-23-09: +$495.00

Better day here but got out of ZS just before the massive drop... thanks ZS guys. Just had to wait for me to exit and then drop it.

I exited literally about 15 seconds before the big push down came.

Dinerotrader · 10-23-2009, 12:34 PM

Quote:

Originally Posted by brownsfan019 »

[B]Better day here but got out of ZS just before the massive drop... thanks ZS guys. Just had to wait for me to exit and then drop it.

I exited literally about 15 seconds before the big push down came.

Brownsfan,
Thanks for posting the chart. It's always nice to be able to see what actually happened.

Quick question. I have been watching the grains lately during their huge opening moves and I keep wondering if my stop would fill in the event that price dropped like a rock against me. It moves so fast I was wondering if slippage is a problem.

I just got OEC going on my work computer so I should be getting some SIM trade P/L posting up here soon.

brownsfan019 · 10-23-2009, 12:40 PM

Quote:

Originally Posted by Dinerotrader »

Brownsfan,
Thanks for posting the chart. It's always nice to be able to see what actually happened.

Quick question. I have been watching the grains lately during their huge opening moves and I keep wondering if my stop would fill in the event that price dropped like a rock against me. It moves so fast I was wondering if slippage is a problem.

I just got OEC going on my work computer so I should be getting some SIM trade P/L posting up here soon.

If you get caught into a swift move, you might see some slippage. For example, if someone was long into that move I posted, your initial stop might have jumped a few ticks as I was watching the DOM jump 2-4 levels at a time. Keep in mind that I posted a 5 min chart so that giant red candle is encompassing 5 mins.

This is why I always recommend people watch new markets, learn about them, sim trade them and then consider putting real $ on the line.

Here's what the 1 min chart during that time looked like:

brownsfan019 · 10-23-2009, 12:43 PM

Quote:

Originally Posted by Dinerotrader »

Brownsfan,
Thanks for posting the chart. It's always nice to be able to see what actually happened.

Quick question. I have been watching the grains lately during their huge opening moves and I keep wondering if my stop would fill in the event that price dropped like a rock against me. It moves so fast I was wondering if slippage is a problem.

I just got OEC going on my work computer so I should be getting some SIM trade P/L posting up here soon.

Also - do not hold into scheduled econ releases on markets that you are learning about. To my knowledge there wasn't anything scheduled that caused this soy drop, but I could be wrong.

For example, every Wed @ 1030am EST is oil inventory. If you hold a trade through that you are asking for a massive hit quickly - not only does price jump multiple levels at a time, but it could blow past your stop like it was non-existent. You can plan for this event and trade accordingly.

But for unexpected moves, you just have to place your stop and let it do it's job. There could be times where something happens and you take some slippage but that is a rare occurrence IMO. It's just part of the business.

subterfuge · 10-23-2009, 04:20 PM

....................

subterfuge · 10-26-2009, 10:29 AM

Stopping before the US session even kicks of for once. I know from my stats that if im up by this much in only a few trades that its better that i quit for the day rather than risk giving it back.

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The Following 3 Users Say Thank You to brownsfan019 For This Useful Post:
bathrobe (10-22-2009), Dinerotrader (10-22-2009), hunnybunny (10-22-2009)

The Following User Says Thank You to hunnybunny For This Useful Post:
brownsfan019 (10-23-2009)

The Following 2 Users Say Thank You to brownsfan019 For This Useful Post:
bathrobe (10-23-2009), Dinerotrader (10-23-2009)

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brownsfan019 (10-23-2009)

The Following 4 Users Say Thank You to brownsfan019 For This Useful Post:
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The Following 4 Users Say Thank You to brownsfan019 For This Useful Post:
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The Following 5 Users Say Thank You to subterfuge For This Useful Post:
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