Started in early July with USD 28,000.
Total profits earned in 6 months (July - Dec): USD 27,700.
OBSERVATIONS:
- Not having any stop strategy resulted in the largest single trade losses
- Volatility stops are most comfortable for me
- Trading 5 ER2 contracts was highly profitable but highly stressful
- Trading 3 TF contracts is profitable 3 out of 4 days; extremely damaging 1 out of 4 (3k loss in Nov) - which is bad enough for me
- Most comfortable month is the one that has no significant winning days/trades and losing days/trades (this month)
- Tapereading (reading market depth) is the most profitable but produces the least consistent results
- NQ (per contract basis) is the most profitable instrument to play - for me - but I couldn't seem to find a better way to trade it than using the tape (which is highly stressful for me and highly profitable for my broker)
- Trading the full session (from market open to market close) is profitable for me
- Not setting a daily target, or target of any kind, is better for me
- As far as TF is concerned, trading 1 contract is right for me now (NOT 5, NOT 3, JUST 1!!!!)
- ES sucks
- Options suck BIG TIME (ie. not my friend)
Will leave soul-searching for another day. whenever the need arises.
OBSERVATIONS:
- Not having any stop strategy resulted in the largest single trade losses
- Volatility stops are most comfortable for me
- Trading 5 ER2 contracts was highly profitable but highly stressful
- Trading 3 TF contracts is profitable 3 out of 4 days; extremely damaging 1 out of 4 (3k loss in Nov) - which is bad enough for me
- Most comfortable month is the one that has no significant winning days/trades and losing days/trades (this month)
- Tapereading (reading market depth) is the most profitable but produces the least consistent results
- NQ (per contract basis) is the most profitable instrument to play - for me - but I couldn't seem to find a better way to trade it than using the tape (which is highly stressful for me and highly profitable for my broker)
- Trading the full session (from market open to market close) is profitable for me
- Not setting a daily target, or target of any kind, is better for me
- As far as TF is concerned, trading 1 contract is right for me now (NOT 5, NOT 3, JUST 1!!!!)
- ES sucks
- Options suck BIG TIME (ie. not my friend)
Will leave soul-searching for another day. whenever the need arises.
