[edabreu]

Originally Posted by brownsfan019 »

ed - do you trade daily? been a few days since we saw a blotter, just curious how often you trade.

Yes, I trade everyday.

[brownsfan019]

Originally Posted by edabreu »

Yes, I trade everyday.

Just curious since we only seem to see occasional blotters.

How did the entire week & last month treat you? The indicators hold up ok?

[bathrobe]

I am still trading with small account. Should not be much longer though.

[bathrobe]

Originally Posted by bathrobe »

I am still trading with small account. Should not be much longer though.

The 1 positive of the smaller account is that I have found some new setups that work under current conditions rather well. When I am more capitalized I will let them run more.

[edabreu]

Yes, they continue to perform wonderfully.

If you are genuinely interested, you can always follow along in detail on my blogs.

If occassionally posting is not suitable for what you want on this forum then let me know.

[brownsfan019]

MAY 1ST UPDATE

I have a little time here before heading to poker, so thought I'd give a little update on how I've done here since I started posting.


To recap:

* For purposes here, account being tracked started at $10,000 USD.
* Doing my best to focus on prime setups and then shut it down for the day. Being a smaller account, I really can't afford to take a big intraday drawdown, so only the best of the best is being used here.
* Limiting the amount of leverage being used as well. As you can see from blotters, most trades are 1 contract w/ the occasional 2 contracts per trade.

And some stats on the account:

# of Trading Days: 44
Gross P/L: $9,912.51
Per Day P/L: $225.28
$10k % Return: 99.13%

Cumulative P&L:

$1,312.51
$2,365.65
$3,131.29
$3,806.29
$5,187.53
$6,625.04
$7,379.30
$8,219.40
$9,912.51

Which looks like this on a chart:




My observations:

* I'm happy that the result as of now is good. Basically doubled the account in 2 months.
* I think focusing on my premier setup has helped dramatically keep everything in check, esp. intra-day drawdowns.
* With that said, I'm not satisfied w/ the per day P&L. I'm actually very disappointed that the per day is currently running at just over $200. The reason I am not satisfied is that throughout my 2 months of posting here, there has been 1 theme - following the plan completely.

The 2 biggest challenges for me going forward:

1) Taking all the trades that I see and not filtering trades out based on gut feel or hunches.
2) Letting the winners get to the specified profit targets. I'm too quick at times to hit that flatten button.

Wrap up: all in all, I'm content with the performance but it could be better.

[bathrobe]

Brownsfan

It is very impressive that you cover many markets and wait for your setup each time.

[brownsfan019]

Originally Posted by bathrobe »

Brownsfan

It is very impressive that you cover many markets and wait for your setup each time.

Thanks BR. I've found that I am good at being patient and waiting for the setup on the markets I am watching. The issue now is letting the plan work 100%, all the time. Too many winners being cut short.

All in all, I'm happy that I started the thread and how it's been going. I was hoping more would regularly participate, but posting here has helped me see the issues at hand a little easier. Yes, we'd all like to be all-start traders that don't need help, but that's a few more years down the road.