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.

November 2014 Results

Trades:14
Winners: 9
 Losers: 4
Break evens:1
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Total Gains: $2,013.50
Total Losses: $-162.50
Avg Gain: $223.72
Avg Loss: $-40.63
Biggest Gain: $1,274.00
Biggest Loss: $100.00
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Trade Net: $1,851.00
Commissions: -$108.87
Short term Trading Net: $322.44
Month Net: $1,742.13

October 2014 Results

Trades:27
Winners: 13
Losers: 11
Break evens:3
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Total Gains: $1,201.50
Total Losses: $-1,261.25
Avg Gain: $92.42
Avg Loss: $-114.66
Biggest Gain: $160.00
Biggest Loss: $683.75
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Trade Net: -$117.75
Commissions: -$152.54
Short term Trading Net: -$270.29
Month Net: $-270.29

September 2014 Results

Trades:31
Winners: 12
 Losers: 12
Break evens:7
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Total Gains: $1,196.00
Total Losses: $-937.50
Avg Gain: $99.67
Avg Loss: $-78.13
Biggest Gain: $440.00
Biggest Loss: $150.00
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Trade Net: $258.50
Commissions: $182.82
Short term Trading Net: $75.68
Month Net: $75.68

Sunday, September 14, 2014

August 2014 results

Trades:36
Winners: 17
 Losers: 12
Break evens:7
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Total Gains: $749.50
Total Losses: $-612.50
Avg Gain: $44.06
Avg Loss: $-51.04
Biggest Gain: $125.00
Biggest Loss: $150.00
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Trade Net: $136.50
Commissions: -$177.01
Short term Trading Net: -$40.51
Month Net: $-40.51
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I had one really bad week this month that I seemed to not be able to do anything right.  A couple of really bad trading decisions and it was the worst week since January for me.  Even thou I dug a big hole for myself, I nearly got back to even with a very solid last week of the month.
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I am thankful we are now back in September and the volume is much higher with most of the players back. I was on vacation the first week of September so I hope to be really refreshed for the month.
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One step at a time.  Anyone who reads this blog and wants to learn from a great trade a very simple system - should go to eminimoney.com.

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: -$193.62
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.

Sunday, January 5, 2014

Year 2013 results - sort of

I always wonder how to sum of the yearly results.  I like to look at them many ways. If you do not include fees (other than commissions) from the brokers I used and factor in the outstanding swings I have - I made $847.24 - this includes dividends but I feel this year sucked for me.
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Winning months (including commissions):  3
Losing months:  9.
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One big swing made: $3606.00
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total dividends:  $1427.00
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My day trading nets: - 4185.76  (second worst year for me).
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Total commissions: 2685.93
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I am sitting on two swings and there value did not change much comparing this year to last but the one I am holding at a 8,000 loss.  The other is at a 3,000 gain.
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I am just glad this year is over.

Saturday, January 4, 2014

December 2013 Results

Trades:11
Winners:4
Losers:6
Break evens:1
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Total Gains: $289.00
Total Losses: $539.50
Avg Gain: $72.25
Avg Loss: $89.92
Biggest Gain: $114.00
Biggest Loss: $200.00
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Trade Net: -$250.50
Commissions: -$80.24
Day Trading Net: -$330.74
Month Net:-$330.74
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Did not trade much this month.  Trying to work on a new idea. I am using way too many indciators and crap on my charts.  Trying to just look at lot less.
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One trade this month sticks in my side. The employment numbers caused big moves on the 6th. I had 3 setups firing off at the same time- crude, euro and S&P.  I did not know which one to pick. I have picked them all.  I have the account size to do it. Instead I only picked the EURO. The S&P moved $800 and crude moved $1400 in the right direction. The Euro on its first attempt did not make it and stopped me for a $200 loss but on the second attempt it moved over $500. I did not have the guts to take the second trade.
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Botton line is I should have taken all four trades and made over $2500 for the day.  Instead I chickened out and sat with a $200 loss -  the story of of this years trading for me.