Brewski's Most Successful Trading Month Ever!

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Old May 3, 2011, 6:48pm   #1
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Brewski's Most Successful Trading Month Ever!

Looks like April was the most profitable month I've ever had in my whole 6 month trading career:

Total Trades = 0
Total Points = 0

Total Cash P/L = 0

If every month was this good I'd be loaded!
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Old May 3, 2011, 8:26pm   #2
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Re: Brewski's Most Successful Trading Month Ever!



Now if you compound that over infinity then you get....

Peter
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Old May 3, 2011, 8:43pm   #3
 
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Re: Brewski's Most Successful Trading Month Ever!

Living the dream ha
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Old May 3, 2011, 9:01pm   #4
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Re: Brewski's Most Successful Trading Month Ever!

Baahahhahaaah. Good one.
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Old May 3, 2011, 9:06pm   #5
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Re: Brewski's Most Successful Trading Month Ever!

Quote:
Originally Posted by brewski1984 View Post
Looks like April was the most profitable month I've ever had in my whole 6 month trading career:

Total Trades = 0
Total Points = 0

Total Cash P/L = 0

If every month was this good I'd be loaded!
Cracking results.....to all those who are over trading take note...this is the way to do it !

WD Brewski
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Old May 3, 2011, 9:08pm   #6
 
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Re: Brewski's Most Successful Trading Month Ever!

Bah humbug!
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Old May 3, 2011, 9:50pm   #7
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Re: Brewski's Most Successful Trading Month Ever!

brewski1984 started this thread Thanks CV, the post was half serious/half joking - obviously making 0 profit being my best month means all my others were losers!

On the serious side, I logged into my accounts that have available funds pretty much every tradeable day in April, watched all the usual markets and made absolutely no trades at all. To me, that's a great achievement in discipline and patience.
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Old May 3, 2011, 10:04pm   #8
 
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Re: Brewski's Most Successful Trading Month Ever!

Well you are making progress, which is key. I didn't make money for 2 years when I first began trading- we all have to start somewhere.

Keep it up- looks like you are on the road to success.
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Old May 19, 2011, 6:30pm   #9
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Re: Brewski's Most Successful Trading Month Ever!

brewski1984 started this thread Seems like I'm on track for my first ever profitable month!

Total Trades = 1
Total Points = +158
Total P/L = Roughly 4R/8% account increase

Personally I think the exit wasn't the best but I can learn from that. I won't bore you all with the details of the trade just thought I'd carry on the thread, I'm hoping this is the path to consistency but no doubt it was more luck than anything else and it's just a temporary loan I'll be paying back shortly!
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Old May 19, 2011, 6:40pm   #10
 
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Re: Brewski's Most Successful Trading Month Ever!

Quote:
Originally Posted by wackypete2 View Post


Now if you compound that over infinity then you get....

Peter
theres no need for compounding in this situation,deflation is on its way
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Old May 20, 2011, 11:43am   #11
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Re: Brewski's Most Successful Trading Month Ever!

Certainly beats my record!

Since starting to trade the NASDAQ part-time, in January 2011, i have traded about 200 times for a total of $800k of shares and lost a total of $300 including the fees.

Trading Plans were adhered to for approximately 70% of the time. All trades documented and i'm learning every day from my mistakes.

No indicators, purely chart, L2 and T&S.

Is that so bad for a newbie?
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Old May 20, 2011, 5:19pm   #12
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Re: Brewski's Most Successful Trading Month Ever!

brewski1984 started this thread I guess that can't be bad. How much would you have won/lost if you'd stuck to your plan the other 30% of the time?
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Old May 21, 2011, 10:23am   #13
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Re: Brewski's Most Successful Trading Month Ever!

Strangely, the ones that i define as "no plan" are say 50:50 wins to losses - effectively gambling. The ones defined as "not stuck to the plan" are where the losses are created. Maybe a random entry would be a better plan!

It's difficult to say how different the outcome would have been in hindsight. Looking back at a previous trade now on a historical chart wouldn't show me what the order book was looking like.

My journal does however always say: "should have stayed in longer" or "should have got out sooner", which is obviously not part of the plan. With such a fast paced discretionary system, i guess this is to be expected until experience kicks in.

I guess i am showing some self control. All trades are documented with charts and comments and my account is still almost intact after 5 months so i see it as positive even if the result is actually negative.
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Old May 24, 2011, 8:14pm   #14
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Re: Brewski's Most Successful Trading Month Ever!

brewski1984 started this thread So it would seem not sticking to your plan is your problem.

Where it says "should have stayed in longer" or "should have got out sooner", can you see actual reasons why? At least you are finding your mistakes and trying to sort them though.

Oh and by the way, don't listen to anything I post. It may sound good but like a lot of people on here I'm a complete idiot that doesn't really know what I'm talking about!
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Old May 24, 2011, 9:22pm   #15
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Re: Brewski's Most Successful Trading Month Ever!

as you know, on here there are "idiots" and "IDIOTS!!!"

Logical thought. Reasonable questions, general interest in others' trading, good grasp of English. More than most on this site!

As for the trading, the main issue is nerves. I see one tick against my winning position and i want to get out due to fear. I see a few ticks against me having never gone into profit and something tells me "stay in, it will come back!" - Hope. Traditional foes of a trader.

As for an actual trigger for these reactions, i am not really sure. I think the emotions are just something i have to get used to over time.

Has your month stayed neutral or dare i say it - become positive?

thanks
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