new_trader
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NB: I am taking a break until late January 2009
Good stuff. Do you have another job as well as trading DM?
Some people have expressed an interest in my longer term trading performance so I thought I would publish a summary of my results, which include paper trades. Overall I am still profitable even though it has been dented by my inability to adhere to my rules. I know that if/when I can overcome the nagging problems which afflict me, my results will improve.
From: 13/06/2008
---------------------------------ALL TRADES INCLUDING PAPER)--------------------
TOTAL TRADES-----Number-----Points------$Value-------Commission
Wins--------------------266--------364.00------18200.00
Losses------------------135-------(279.49)----(13,974.50)
Even---------------------15
Total--------------------416--------84.51-------4,225.50-----(3,108.80)
Win Rate= 63.9%
Av Point/Trade= 0.20
Av $/Trade= $2.68
$Net= $1,116.70
-------------------------------------------------------------------------------------
____________________ LIVE TRADES ONLY________________________
My best ever FULL LIVE trading months have been:
June 2008:
Total Trades=19
Wins=14
Loss=3
Even=2
Points win=10.00
Points loss=(4.25)
Contracts=38
Net:= $177.30 (1 contract)
July 2008:
Total Trades=15
Wins=14
Loss=1
Even=0
Points win=7.75
Points loss=(2.00)
Contracts=30
Net:=$200.50(1 contract)
September 2008:
Total Trades=23
Wins=19
Loss=4
Even=0
Points win=28.00
Points loss=(14.50)
Contracts=92
Net:=$408.20(2 contracts)
_______________________________________________________________
My methodology is sound but I keep falling into the same old pattern. ie/ Have a few wins, gain confidence, increase trading unit, suffer a loss, try again, lose, etc.
02/10/2008 was a major turning point, I finally gained the confidence to trade 3 contracts, suffered a loss and.....
I will persevere.
new_trader,
I've had a look at the first table and calculated the expectancy of your methodology.
Removing the evens from the sample,
Return per $ risked = [(av.win x win%)-(av.loss x loss5)] / av.loss
= [(0.663 x 364) - (0.337 x 279.49)] / 279.49
= 0.53
i.e for every $1.00 risked you expect to return 53cents.
0.50 is regarded as very good, so you're doing just fine
Joey
Joey, it's either a fluke or you saw my previous post. Take a look at my paper trades.