Awful NG: it keeps falling. I've lost 1500 dollars of paper profit, relative to 2 days ago, but the position is still profitable. Slightly.
ZN instead is providing a lot of money, thousands of profit.
Had I known, I should have exited NG and kept ZN or even doubled it up.
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But what was my strategy? It was this: keep both trades open, because they've reached top and bottom, and you're likely to make money on them by waiting.
The strategy was to keep them both open all the way to a capital of 10k, so that is what I am doing.
I should keep doing it.
If I close ZN because it's making money, I might lose potential profit: you know, the mistake of cutting profits short and letting losses run.
But according to the initial strategy, I was picking top and bottom on ZN and NG, so i should stick to it, with one exception.
If ZN loses in one day more than 0.7%, then I'll close the short position, and reverse it for a bit, because it's likely to bounce, for at least one day. That's what my tests say.
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CL is rising. Good. Because of the ratio it has to keep with NG. They're "complementary" if I remember correctly the definition: the rise of price in oil will cause natural gas to rise in the long run, because you can use natural gas as a source of energy for similar purposes.
And NG, with -1.55%, it's not losing a whole lot yet, but of course, day after day, like this, it eroded most of my profits.
It's not really that I think the best strategy is to hold them both, my positions, just like this, without thinking about them for two weeks.
The thing is that if I think about them and try to help them do better, I usually do the wrong thing.
Historically for me the best thing to do seems to just open positions and forget about them.
Yeah, because... you see: my first entry is usually much better than my second or third entry.
Because, I lose, I get burned, then I do a lot of thinking, and I get ready to trade again, and that first trade is much more likely to be good.
If instead I now close these two winning positions, and I make money, I will have:
1) restlessness and desire to trade, because my last trade made money and it's enjoyable
2) confidence, again, because my last trade made money
3) lack of thinking, because I've been in the market, and that corrupts your thinking and turns it into hoping
So, I'll keep them both open, because my judgment is clouded already.
[...]
Dude!
Ideal situation: NG is exploding to the upside, I don't know why, but there must be some news.
So, dude, perfect situation for me, because ZN is still pretty low:
making about 2000 on it, and now NG is recovering, so I must have a profit of about 3000 from my positions right now.
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Very odd that the stock indexes are falling instead, I mean NQ, YM, ES.
Oil is rising a lot, too. I wonder what the news is.
There's something here but not much:
Oil gains, U.S. jobs data awaited | Reuters
Oil stocks rally on firmer crude, euro boost - MarketWatch
Oil rises to above $96 ahead of US jobs data - NBC29 WVIR Charlottesville, VA News, Sports and Weather
[...]
Mother ****ers!
I lost most of my profit on both ZN and NG now, because of this crap:
**** them, **** them, **** them...
I am going to forget about both for 2 weeks now. And I'll what's left of my account when I come back.
[...]
Back at home and about to go the airport.
I looked at the account again and the profit went from 3000 this morning to about 200 now. I almost feel like there's a plot by the powers that be to keep me from ever making any money.
What can I do at this point? If I was holding when it was rising and resisting the urge to sell then, I can easily resist the urge to sell now. It doesn't feel as good but it's easier.
This crap they pulled with the ZN is about the jobless claims or whatever it was that happened at 2.30 PM CET. It's not because I was getting excited and they wanted to hurt my feelings, was it?
Yeah, anyway, other than this paranoia about the markets acting to spite me, everything is fine.
Oh yeah, I spent another day in terror with the idiot boss, who ultimately never yelled at me, for whatever reason, such as the fact that it's raining or that there was an earthquake somewhere in italy.
In some way today I felt sorry for him. He asked for my help, because everything going on at the office, he needs me... because he's retarded and so is every other employee under him. So it's hilarious that he dared to yell at me given that every program needs my skills and my precision - he is clueless about all these things. And yet, he dared to yell at me. This made me decide that I'll never call him any names as I was planning to do. He's just too stupid to be insulted any further. However, I will still walk away if he ever yells again.
Now I'll watch these bull**** videos (fake) and then I'll get ready and leave... hopefully they won't blow up my airplane, too, after fixing the markets to spite me.
http://natgeotv.com/uk/911-voices-from-the-air/videos
Yeah. I watched the videos and I know what the whole show is about. Getting people to cry and believe the lie.
The problem I have with the powers for faking the airplane hijackings and crashes is that, despite having the good idea of not killing anyone for this 911 bull**** event - I acknowledge that it could have been worse and they limited the casualties as much as possible - they still went ahead and killed millions of iraqis and afghans. So we cannot say that we're grateful to them for not actually killing that many people in their 911 comedy (however: hundreds of firefighters still died, and so did the circa 100 witnesses they had to kill), because they still used it to kill millions, and only for their own benefit. Certainly not for the benefit of the american people.
Ok, I'm officially on vacation. **** this crap. This two weeks vacation is like a joke.
[...]
Yeah, i've gone through my checklist of 13 items, and I've got everything.
Ten more minutes before I get up and leave.
My position hasn't recovered, and it's always at a profit of 200, because ZN after rising so much came down a little bit, and yet NG has fallen even more. So now I am losing money on my NG trade.
It really sucks. But that was clearly my strategy from the start, and I am following it.
8 more minutes to go.
To me, a vacation is not a vacation if you have to come back from it.
A vacation is not a vacation if you have a job.
And it all comes back to trading: until I'll make some money with it, I'll have to keep this job at the bank. Which is hell.
At least I got rid of my foreign friends, who were not good enough. They were causing me more work and stress on the so-called "vacation".
Who knows if my position will survive this vacation. Or if I'll get a margin call and practically blow out my account again.
This looked really good.
Like one of those trades that you regret closing.
Actually
two of those trades. Both ZN and NG went my way from the start.
Let's check again.
Yep. Doing a little better now. Close to 300 of profit than 200. Because ZN is not as high, and NG is... seems to be bouncing.
If it survives today, big things can happen on Monday. It could be completely reversed, and the way I like it... you know, in the weekend things change. It's got 48 hours to change its mind about what it did today.