Hi robalocc,
I haven't worked out the exact figure, but I reckon that's a return on your capital of around 640% in 7 months or so. That's an extraordinary result if - and this is a big if - you've done it without taking excessive risks along the way and incurring potentially crippling drawdowns. If you have, I expect you'll be managing a Hedge Fund soon and we'll all be reading about you in the financial press.
A journal on T2W would be an excellent stepping stone!
Tim.[/QUOTE
I know better than to judge my performance after 7 months, yes I am very happy and excited! That in itself worries me a bit, and I go thru psych checklists before I start trading, I find myself overconfident at times lately, and if I don't put a huge brake on that, I know it will destroy me in the long haul....That is my biggest opstacle right now! I am working very hard trying to keep things in check..........Today for instance the mini dow opened and saw a 40 point drop instantly, I sold 8 contracts and rode the wave for another 30 points , I got out but left lots of money on the table to be made,I should of saw the support level on the 1 hour chart, On the reverse side,I waited and bought 12 contracts(house money) off the double bounce,rode that for 22 points and got out at my first resistance,if I stayed in the trade I would of had another 80 or so points (pigs get slaughtered : ) My day is over.....a couple of years ago I would definitely try and find bottom where now I go with the flow, the market dictates me, not me it... The biggest difference in my trading style now is that its just "simple" I use to have so many indicators I thought I was trying to fly a plane..... made things so confusing, now I keep it simple and feel so much more comfortable.
Tim thank you for your encouragement... Funny thing is I applied @ a trading company in Boston Ma. They said I wasn't qualified, they showed me indicators and what not that I have never seen ! I think my comfort zone is solo : )
2:28 bought 12 contracts 1546 rite at my support line, getting out if it goes down to 1541...just got stopped out.. now really done for the day : )