Friday, June 19, 2015

May 2015 Results

Trades: 16
Winners: 10
Losers: 34
Break evens: 3
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Total Gains: $404.00
Total Losses: $-700
Avg Gain: $40.40
Avg Loss: $-233.33
Biggest Gain: $50.00
Biggest Loss: $550.00
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Trade Net: $-296.00
Commissions: -$83.96
Short term Trading Net: $-379.96
Month Net: $-379.96
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I was very happy with my futures trading this month.  What killed my month was I gave out on an option play i had been rolling for months and took a $550 loss on. 

Sunday, June 14, 2015

April 2015 Results

Trades: 40
Winners: 16
Losers: 14
Break evens: 10
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Total Gains: $736.50
Total Losses: $-637.50
Avg Gain: $46.03
Avg Loss: $-45.54
Biggest Gain: $99.00
Biggest Loss: $100.00
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Trade Net: $99.00
Commissions: -$186.95
Short term Trading Net: $-87.95
Month Net: $-87.95
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This was a month of back and forth. I started trading much better after the 15th but still have the big problem of letting the trades work.  If I sat on my hands after the 15th - I would have been 16-4 and had a nice couple of weeks.  So what happened on the 15th?  I do not know.  The 14th was a real bad day for me and if you took away just that day - I would have had an up month.

Friday, June 5, 2015

March 2015 Results

Trades: 21
Winners: 15
Losers: 20
Break evens: 6
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Total Gains: $966.0
Total Losses: $-737.50
Avg Gain: $46.00
Avg Loss: $-36.88
Biggest Gain: $459.00
Biggest Loss: $150.00
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Trade Net: $153.50
Commissions: -$257.40
Short term Trading Net: $-103.90
Month Net: $-103.90
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Slowly I am getting away from too much options trading and trying to focus on ES trading.  Not a good month even thou I was close to break even. After closely looking at my trades, way too many of them I would have graded poor. In fact only 17 trades, i was happy with my entry and exit.  That number should be at 80-90 percent for me to be at the level I want to be.

Saturday, May 16, 2015

February 2015 Results

Trades: 33
Winners: 15
Losers: 12
Break evens: 6
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Total Gains: $917.50
Total Losses: $-4,145.20
Avg Gain: $61.17
Avg Loss: $-345.43
Biggest Gain: $360.00
Biggest Loss: $3632.70
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Trade Net: $-3,190.20
Commissions: -$227.17
Short term Trading Net: $-3417.37
Month Net: $-3417.37
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I bit the bullet on a S&P strangle trade that I had been rolling over since September.  If I had not screwed up on managing the trade - the loss would have been a lot smaller.
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It is hard to look at this month and say it was a good month. Remove the strangle trade and I would have been up $300 on the month.  That also includes I had dug myself a $300 hole in the frist couple of trade so the rest of the month was good for me.  But still it seems silly to say you had a good month losing over $3400.
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The only saving grace is that the IRA does mark to market on commodity option trades so most of this loss landed on last years tax return.  

Wednesday, May 13, 2015

January 2015 Results

Trades: 33
Winners: 16
Losers: 13
Break evens: 4
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Total Gains: $1,290.00
Total Losses: $-680.00
Avg Gain: $80.63
Avg Loss: $-52.31
Biggest Gain: $460.00
Biggest Loss: $100.00
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Trade Net: $610.00
Commissions: -$155.65
Short term Trading Net: $454.35
Month Net: $454.35
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Nice way to start off the year.  Had a couple of big option winners (selling premium) . Still never frustrated with my futures trading.  Had too many WTFWIT trades.

Sunday, May 10, 2015

December 2014 Results

Trades: 26
Winners: 10
Losers: 11
Break evens: 5
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Total Gains: $657.70
Total Losses: $-1,137.50
Avg Gain: $65.75
Avg Loss: $-103.41
Biggest Gain: $87.00
Biggest Loss: $300.0
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Trade Net: $-480.00
Commissions: -$157.74
Short term Trading Net: -$637.74
Month Net: -$637.74
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This was not a good month in either trading results or mental capital. I had a two day period where I lost about $1000 and did some stupid things.  One of them I had a computer issue that allowed me to enter a position 3 times larger than normal.  So instead of hitting the get me out button once I saw what happened - I decided to let it ride and take a major lose. 

Sunday, November 30, 2014

I did not go away. Summary of the recent results.

Just a bad case of laziness (also busy at work, and a few vacations). I just posted my results for the last 3 months.  I still journal all my trades nearly on a daily basis.  I highly recommend it to everyone who trades. I still rate my trades for entry, exit and anything I during the trade.  I color code the results and the ratings so anyone looking at the spread sheet can see if I am doing good or bad at a simple look.
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I had a bit of a mental melt down during the last week of September and the first two weeks of October. I had a small gain going into that period and decided to go big and it really messed me up.
By the time mid October was here, I had dig myself a big hole both in money and mental stress.
At that point, I went thru the "why am I doing this" once again phase that I have gone thru so many times.  And once again I slapped myself and got my shit together and nearly turned it into a winning month.
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Since that time, I have been doing well. Novembers big numbers are a combination of short term trades and a longer term swing I sold for a nice profit.
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It is frustrating to sit knowing I have a setup method that is good enough to produce 80% winners using a one point ES target and a two point stop loss. So that even if I did not try to manage the trade, I should make money - (8 * 50 = 400 minus 2 * 100 = 200 total plus 200 take out 45 for commissions and the net is 145).
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Once in a while you cut your lossers before the two point stop, and you add contracts allowing some once in a while to run more than the one point goal and you are even making more money.
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The bottom line is, the system does not need to be changed, there is enough money in the account to do the trading,  so the only thing left is to fix the mind.
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I wonder how many traders know that they have a winning system but not a winning mind.