Activities and PnL from Mar 07-31:
Pg 1 - Click to Enlarge
Pg 2 - Click to Enlarge
In yellow box is profit earned for Mar 7 to Mar 31; in pink, total commission charged for trades taken during this period
Starting balance on Mar 07 can be found here.
For those who like to assess performance based on percentages, this is a 100% return, from trading SINGLE contracts, while taking mostly ONE - in rare cases, 2 to 3 - trade/s per day.
The following sums up the statement I had set out to make:
1) There is no right or wrong way to trade, but simply the way that suits the trader's temperament, personal circumstances, and a range of other factors that will affect his/her trading psychology
2) The method touted incessantly by certain experts - trading multiple contracts and symbols/ instruments, setting tight hard stops and getting in and out during the most volatile hours - is merely one of the ways that one can profit from the market (provided that it is compatible with what I mentioned in 1) above); it is NOT THE ONLY way
3) The onus is on the trader to find out what works for him/her. Trading, like death, is a lonely business - no one is with you on the journey, so you have to learn to make decisions yourself, and choose what works best for you. And no one but you yourself knows what is best for you. Ignore conventional wisdom (unless it's what works for you), be wary of people who impose their views, opinions and beliefs on you, and get used to making independent decisions. Read fewer toxic trading blogs. Think POSITIVE - death is the worst thing that could happen to you (but I believe in Heaven, so that's technically not true for me..but, I digressed...) - as long as you're alive and kicking, good things will happen to you when you make up your mind to make it happen, and do everything in your power to make it happen
4) Bloggers can trade; traders can blog - for how long the person can do so depends on his/her temperaments
I am an advocate of positive thinking - I believe you are what you think. In Feb this year, I was asked by a friend to revive my blog for reasons that I won't mention. The day he asked, I returned to post on this blog (I have a private blog that I updated during the time that I was not posting here), and this is what I made happen (my sitemeter has always been free for all to see):
Click to Enlarge
My point is, if you've set your heart and mind to do something (except harming yourself and other people), DO IT. Don't let people tell you what you can/ can't and/or should/ shouldn't do.
I am by nature a reserved person - I most enjoyed writing on my blog when my audience was just Solfest, Long & Wrong, Lonely, DT, Cory, JE and a few others. I have come out of hiding in Feb to revive the blog because I gave my word to continue to write to April. My friend's project is near completion, and I will let this blog stay til then.
As far as trading is concerned, I have never wanted to do anything else other than TRADE. I have passed the stage where I need an audience to kick my ass; doubt I will ever teach, given that I hate people; will never sell a service; and generally don't like to have to make statements - so there is really no need for me to maintain a public blog. I will do a final posting on my friend's project once it's launched in mid April, and then I'll reserve this blog for D's eyes only. I will post charts from time to time on my other private blog that some of you already have access to.