David Knight
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Correction
+33 on 15 trades
Very little trading 'excellence' in evidence currently.
+33 on 15 trades
Very little trading 'excellence' in evidence currently.
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- Thread starter David Knight
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David Knight
Established member
- Messages
- 946
- Likes
- 213
A QUICK SUMMARY
I’m not happy with the way things are going.
Let’s review the numbers and see what they reveal.
Performance
June 25th
Long 2701 +18
26th
Short 2730 +6
27th
Short Ave 2734 +4
Long 2711 -2
28th no trades
29th no trades
July 2nd
Long 2701 +9
Long 2704 +6
Short 2714 -4
Short 2719 -7
July 3rd/4th
Short 2733 B/E
Long 2720 +1
July 5th
Short 2733 +7
Short 2732 -3
Short 2730 +1
Short 2731 B/E
July 6th
Short 2742 +5
Short 2743 -4
Short 2753 -4
Total +33 0n 15 trades.
The results don’t appear to be that bad. The account never went into the red. The largest winning trade was nearly 3 times the size of the largest loser. Losses were reasonably contained.
BUT-
The reason I’m not that happy is that I was +43 on 5 trades and all losses were on short trades.
You can also see that the more trades per day = worse performance.
The fact that this a small sample doesn’t change what I personally already know.
There’s an overall slight edge going long in almost any market condition.
One or two good trading ideas correctly executed produce better results in the long run.
Over trading is a relative decision for each trader, but for me I know what the benchmark is and I have to accept it)
Consider this.
My first trade was long 2701- the bottom of a clearly defined range. On Friday, the market closed 2759.82
Nearly 60 points on 1 trade, compared to 33 on 15 trades.
15 trades and a lot of time and work here. That’s not good enough. In fact some might say it’s just bloody stupid.
Forget about hindsight analysis. I guarantee this kind of result can be repeated again and again.
And I know that many of you reading this know only too well exactly what I’m talking about.
The logical conclusions to the above facts will be reflected in this journal going forward.
To see how that pans out, watch this space.
I’ll post my analysis for next week on Sunday.
I’m not happy with the way things are going.
Let’s review the numbers and see what they reveal.
Performance
June 25th
Long 2701 +18
26th
Short 2730 +6
27th
Short Ave 2734 +4
Long 2711 -2
28th no trades
29th no trades
July 2nd
Long 2701 +9
Long 2704 +6
Short 2714 -4
Short 2719 -7
July 3rd/4th
Short 2733 B/E
Long 2720 +1
July 5th
Short 2733 +7
Short 2732 -3
Short 2730 +1
Short 2731 B/E
July 6th
Short 2742 +5
Short 2743 -4
Short 2753 -4
Total +33 0n 15 trades.
The results don’t appear to be that bad. The account never went into the red. The largest winning trade was nearly 3 times the size of the largest loser. Losses were reasonably contained.
BUT-
The reason I’m not that happy is that I was +43 on 5 trades and all losses were on short trades.
You can also see that the more trades per day = worse performance.
The fact that this a small sample doesn’t change what I personally already know.
There’s an overall slight edge going long in almost any market condition.
One or two good trading ideas correctly executed produce better results in the long run.
Over trading is a relative decision for each trader, but for me I know what the benchmark is and I have to accept it)
Consider this.
My first trade was long 2701- the bottom of a clearly defined range. On Friday, the market closed 2759.82
Nearly 60 points on 1 trade, compared to 33 on 15 trades.
15 trades and a lot of time and work here. That’s not good enough. In fact some might say it’s just bloody stupid.
Forget about hindsight analysis. I guarantee this kind of result can be repeated again and again.
And I know that many of you reading this know only too well exactly what I’m talking about.
The logical conclusions to the above facts will be reflected in this journal going forward.
To see how that pans out, watch this space.
I’ll post my analysis for next week on Sunday.
David Knight
Established member
- Messages
- 946
- Likes
- 213
David Knight
Established member
- Messages
- 946
- Likes
- 213
David Knight
Established member
- Messages
- 946
- Likes
- 213
David Knight
Established member
- Messages
- 946
- Likes
- 213
David Knight
Established member
- Messages
- 946
- Likes
- 213
