Sunday, August 3, 2014

July 2014 Results

Trades:36
Winners: 16
 Losers: 14
Break evens:6
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Total Gains: $726.50
Total Losses: $-900.00
Avg Gain: $45.41
Avg Loss: $-64.29
Biggest Gain: $100.00
Biggest Loss: $200.00
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Trade Net: -$173.50
Commissions: -$913.62
Short term Trading Net: -$367.12
Month Net: $-367.12
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This has not a good month at all for me but on the bright side even totally screwing it up I only lost $367.  I chased the market a hand full of times that were trades no where near my trading plan. Just on those trades alone cost me  about $800 turning a positive month into a losing month.
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This scenario happened too many times this month. I would miss two or three trades by a tick or two, then chase the market and lose big. Then I would skip the next trade (usually an easy one) and follow it up by ending my day missing another trade by a tick or two.
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I trades i log here fall into one of fours types - long term stock swings (months), short term stock trades (days), selling option premiums (either naked or on my long-term swings), and futures trading.  Futures trading makes up 90% plus of my trades and of those trades - 95% of those are tradings the ES.
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The futures trading has a couple of simple rules using breaking levels, a couple of moving averages and stochastics. Nothing really insane.  The basic idea is to be winners on 80% of the trades with an initial goal of 4 ticks and a stop loss of 8 ticks. The math works out make $100 on 5 trades.
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This month if I sat on my hands - I made 34 futures trades. 22 of them went to the first target of 4 ticks and 12 did not. Say if I trade 2 contracts on each trade - I would have made $2200 on the first target and lost $2400 on the ones that did not. I chased the market 5 times this month where if I waited to get in at the correct time for my rules - 4 out of the 5 would not have gotten stopped before hitting initial target.  This changes the math to making $2600 on the first target and losing $1600 on the stop outs for a profit of $1000 before commissions.  Not a bad month.  The 26 verse 8 gets much closer the 80% win rate.  A course you can sometimes get out of a losing trade before the 8 tick stop out and some of the winning trades you might cut short because of how much time it is taking.
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So August is another month and I already made the chasing mistake yesterday.  My goal this month is to wait for my entry and see how much money I can make.
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I finally feel like I have a true trading plan to make money with - now I just have to get the mental game under control.

Wednesday, July 2, 2014

June 2014 Results

Trades:35
Winners: 19
 Losers: 12
Break evens:5
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Total Gains: $1281.00
Total Losses: $-1037.50
Avg Gain: $67.42
Avg Loss: $-86.46
Biggest Gain: $417.00
Biggest Loss: $271.00
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Trade Net: +243.50
Commissions: -$184.96
Short term Trading Net: +$58.54
Month Net: $+58.54
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Another small gain for me but a really screwed up month in trading. I had some great trades I am proud of and some really fucked up trades also.
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As I stated before, I grade each of my trades for entry and exit with either good, stupid or chicken. My ratio of good to stupid had been about 5 to 1 recently.  This month it was 2 to 1 and I really wonder how I made money this month. I had 3 stupid trades that cost me the majority of my losses. I can have a good graded trade and loss money on it as long as I follow my rules. Same with a stupid trade, I could make money but it still could be graded stupid if I broke my rules.
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I continue to be happy with my slow but steady progress in my trading but I have to become more consistence with my rules.  I seem to get in most of the times following my rules but too many times I am still chickening out too early.
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27 of my trades went to my first target and only 8 did not, so I should have had 27 out of 35 winners instead had only 20 winners and of those only 11 to target. If I traded my entries and exits to plan - my gain this month would have been $1800. Add to that I missed about 20 trades and my size should be 5 times bigger - you can understand what my final goal in for me. I will get there one day.

Sunday, June 1, 2014

May Results 2014

Trades: 22
Winners: 14
 Losers: 5
 Break evens:3
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Total Gains: $1376.00
Total Losses: $-355.50
Avg Gain: $98.29
Avg Loss: $-71.10
Biggest Gain: $285.00
Biggest Loss: $200.00
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Trade Net: +1020.50
Commissions: -$130.49
Short term Trading Net: +$890.01
Month Net: -$367.02
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This is a month where my accounting gets confusing. I basicly been posting my results of my day trading accounts but over time I have had some multi-year swings positions in them also.  Add to that late last year, I started selling premium which some of those trades have lasted for weeks.
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So if you just take my day trading of futures, my very short term stock trades (a few days at most) and my selling of option premiums - I had an up month. If you want to include the stock I sold for a two year loss - I had a down month. These stocks I own for years in my short term trading accounts are to generate dividends which I have not included in the stats above.
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Any way in my mind and how I look at my trading - May was a winner for me and the fourth up month in a row for me. This process was been like turning a huge ship around and I can only hope I have made that turn.

Sunday, May 4, 2014

April Results 2014

Trades: 25
Winners: 13
 Losers: 7
 Break evens:5
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Total Gains: $1187.50
Total Losses: $-475.50
Avg Gain: $91.35
Avg Loss: $67.86
Biggest Gain: $359.00
Biggest Loss: $162.50
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Trade Net: +712.50
Commissions: -$155.37
Day Trading Net: +$557.13
Month Net: +$557.13
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On the surface, this looks like a good month.  All the stats are the way i like them - more wins than losses, and the average win bigger than the average loss but it was a lot crazier than I would have like.  I had my first mental breakdown day were on 3 trades I lost $300. That was my first crazy day since last year I am glad it only cost me $300. Second item for the month, my biggest gain was playing an IPO break out.  Something I seldom do. Third, I had an order entry screw up where I wanted to trade one crude contract but somehow entered 6. Lucky I got out with a small profit once I say my mistake.
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Work is getting busier and busier so I have a feeling my trading is going to be limited going forward.
I wish I was doing this succussfully full time and blogging more.
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I am very happy with most of my entries. It is with the exits I am still having problems with. I put a trade on and it goes no where for 5  minutes so I jump out with a tick or two of gain or loss only to see it then move to target. But all in all, I have had 3 1/2 months of in the black trading.  i might be on to something.

March Results 2014

Trades: 30
Winners: 19
 Losers: 10
 Break evens:1
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Total Gains: $1021.25
Total Losses: $-327.50
Avg Gain: $53.75
Avg Loss: $32.75
Biggest Gain: $164.00
Biggest Loss: $120.00
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Trade Net: +693.75
Commissions: -$148.50
Day Trading Net: +$545.25
Month Net: +$545.25
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A very solid month for me.  Only one major screw up. Average win bigger than average loss. Good Job all around. I wish all months were like this. 

Sunday, March 2, 2014

February 2014 results

Trades: 21
Winners: 14
 Losers: 4
 Break evens:3
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Total Gains: $567.00
Total Losses: $-185.00
Avg Gain: $40.50
Avg Loss: $46.25
Biggest Gain: $102.00
Biggest Loss: $62.50
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Trade Net: +382.00
Commissions: -$116.35
Day Trading Net: +$265.65
Month Net: +$265.65
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Did something different this month - made a profit.
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For the last two months, I have been working with JC at  http://www.eminimoney.com/ and doing better.  It is like watching the Titanic turn around but it is nice to finally have a month in the black.
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I seem to trade the ES and Soybean markets better than the Russell, crude and Euro. My win ratio was the best even and at some level it pisses me off my last two trades of the month were losers.

Sunday, February 2, 2014

January 2014 Results

Trades:17
Winners:5
 Losers:9
 Break evens:3
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Total Gains: $448.50
Total Losses: $660.00
Avg Gain: $89.70
Avg Loss: $73.33
Biggest Gain: $162.50
Biggest Loss: $200.00
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Trade Net: -$211.50
Commissions: -$158.38
Day Trading Net: -$369.88
Month Net:-$369.88
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Not a good start to the year.  So many mental mistakes, it is not funny. I traded like a two year old on too much sugar. I am very happy the damage to my account was little. I got lucky on one trade were my entry was slipped by 3 ticks but my exit was slipped by 5 ticks - go figure.
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I rate my trades in different ways but I gave myself 6 "good" marks, 7 "stupid" marks and 9 "chicken" marks. To make the amount of money I would like to make - I believe the ratio in a month should be 80% "good", 10% "stupid" and 10% "chicken". This does not count the amount of unfilled orders where the ratings are missing. I need to log those also somehow.
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Basicly what I mean by these terms are:
GOOD = win or loss - good setup and followed trading plan.
STUPID = win or loss - bad setup or chased market
CHICKEN = win or loss - good setup but did not follow trading plan
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I think everyone should look at their trades in great detail to learn from them. Maybe one day I will learn from my own.