Short NASDAQ-100
Net P/L: +9.3 points
Amount: 1 contract
Opening Rate 5745.9
Close Rate 5736.6
Open time 6/13/2017 4:17 PM
Close Time 6/13/2017 4:52 PM
Stop loss: fixed stop above highest high
Entry and exit on a 5m chart
Reason of closure: trailing SL got hit
Comments
5 minute chart again because it was a big move. Setup got triggered (although lightly) but we are using a 5m chart for a reason and it IS visible so I took it. Price went my way first but soon reversed. Luckily it was a false breakout and price plummeted down to my predefined level: 5734.48 so when it came near that price I put a trailing SL. Price was pretty volatile so I knew it would probably get triggered fast and it did. Ended up having to exit at 5736.6
Lowest that price went is 5715.40 so a lot of potential profit gone. Not really, that's a bad mindset. Every notable move is a potential profit, so each day when you don't enter are dozens of potential profits lost. The system is the system. If it proves profitable over time and big enough amount of trades then you have to trust that your system will provide.
Net P/L: +9.3 points
Amount: 1 contract
Opening Rate 5745.9
Close Rate 5736.6
Open time 6/13/2017 4:17 PM
Close Time 6/13/2017 4:52 PM
Stop loss: fixed stop above highest high
Entry and exit on a 5m chart
Reason of closure: trailing SL got hit
Comments
5 minute chart again because it was a big move. Setup got triggered (although lightly) but we are using a 5m chart for a reason and it IS visible so I took it. Price went my way first but soon reversed. Luckily it was a false breakout and price plummeted down to my predefined level: 5734.48 so when it came near that price I put a trailing SL. Price was pretty volatile so I knew it would probably get triggered fast and it did. Ended up having to exit at 5736.6
Lowest that price went is 5715.40 so a lot of potential profit gone. Not really, that's a bad mindset. Every notable move is a potential profit, so each day when you don't enter are dozens of potential profits lost. The system is the system. If it proves profitable over time and big enough amount of trades then you have to trust that your system will provide.
Long NASDAQ-100
Net P/L: +1.3 points
Amount: 1 contract
Opening Rate 5773.6
Close Rate 5774.9
Open time 6/23/2017 3:58 PM
Close Time 6/23/2017 4:14 PM
Stop loss: fixed stop below lowest low
Entry and exit on a 1m chart
Reason of closure: trailing SL got hit
Comments
Was a bit late on the opening of the position (should really learn to use orders) + the spread being wide makes it that I opened pretty near the 5775.15 level. If either one of the two was less it wouldn't have been a problem. Now my system says to put a trailing SL so when price went over that level I did. Alas that trailing SL go hit pretty fast resulting in only a small profit. This should really have been a profit of 5 points or so (with an order and less spread).
I also could have interpreted it as opening near the 5775.15 level in which case I wouldn't have to put a trailing SL according to my system. But the next level would have been 5790.00, not sure how that would have turned out. Highest price got so far during the writing of this post was 5784.28. If price plunges downward from there it is possible my fixed SL would get hit eventually.
I should take an eye on what price does. Since it's friday it shouldn't be problem to review in the weekend
Net P/L: +1.3 points
Amount: 1 contract
Opening Rate 5773.6
Close Rate 5774.9
Open time 6/23/2017 3:58 PM
Close Time 6/23/2017 4:14 PM
Stop loss: fixed stop below lowest low
Entry and exit on a 1m chart
Reason of closure: trailing SL got hit
Comments
Was a bit late on the opening of the position (should really learn to use orders) + the spread being wide makes it that I opened pretty near the 5775.15 level. If either one of the two was less it wouldn't have been a problem. Now my system says to put a trailing SL so when price went over that level I did. Alas that trailing SL go hit pretty fast resulting in only a small profit. This should really have been a profit of 5 points or so (with an order and less spread).
I also could have interpreted it as opening near the 5775.15 level in which case I wouldn't have to put a trailing SL according to my system. But the next level would have been 5790.00, not sure how that would have turned out. Highest price got so far during the writing of this post was 5784.28. If price plunges downward from there it is possible my fixed SL would get hit eventually.
I should take an eye on what price does. Since it's friday it shouldn't be problem to review in the weekend
Short NASDAQ-100
Net P/L: -32.20 points
Amount: 1 contract
Opening Rate 5602.15
Close Rate 5634.35
Open time 7/5/2017 4:03 PM
Close Time 7/5/2017 4:45 PM
Stop loss: fixed stop above highest high
Entry and exit on a 5m chart
Reason of closure: fixed SL got hit
Comments
Markets are pretty volatile so I had to trade on a 5m chart. (move was bigger than 25 points). Trade went my way a little bit but was stil about 10 points away from the S&R level and never could place my trailing SL. It looked good cause seemed to trend down, but it reversed and my SL got hit. Biggest loss ever but when trading on the 5m chart with that volatility it can happen. I may still be in the plus if I don't count the error trades... but I simply need more data if I'm to count these big winners and losers (they occur less often so they make the other winners and losers less important, hence need more data.
Orrrr, like I mentioned before, maybe the system needs one last adjustment where I put my SL a bit tighter, I have mentioned this before.
My own program has enough functionality to back test now given historic data so when I have some time I can start to do that furiously.
Net P/L: -32.20 points
Amount: 1 contract
Opening Rate 5602.15
Close Rate 5634.35
Open time 7/5/2017 4:03 PM
Close Time 7/5/2017 4:45 PM
Stop loss: fixed stop above highest high
Entry and exit on a 5m chart
Reason of closure: fixed SL got hit
Comments
Markets are pretty volatile so I had to trade on a 5m chart. (move was bigger than 25 points). Trade went my way a little bit but was stil about 10 points away from the S&R level and never could place my trailing SL. It looked good cause seemed to trend down, but it reversed and my SL got hit. Biggest loss ever but when trading on the 5m chart with that volatility it can happen. I may still be in the plus if I don't count the error trades... but I simply need more data if I'm to count these big winners and losers (they occur less often so they make the other winners and losers less important, hence need more data.
Orrrr, like I mentioned before, maybe the system needs one last adjustment where I put my SL a bit tighter, I have mentioned this before.
My own program has enough functionality to back test now given historic data so when I have some time I can start to do that furiously.
Short NASDAQ-100
Net P/L: +10.80 points
Amount: 1 contract
Opening Rate 5666.15
Close Rate 5655.35
Open time 7/10/2017 3:46 PM
Close Time 7/10/2017 3:54 PM
Stop loss: fixed stop above highest high
Entry and exit on a 1m chart
Reason of closure: trailing SL got hit
Comments
The big move I'm looking for was just not big enough to go to the 5m chart. Big move was up and bounced off the 5675.00 level. Price went back up again and eventually moved past the previous low (my setup) I had placed an order so I didn't lose any valuable time. (of course the spread is still terrible)
During my preparations the 5655.00 level wasn't really visible yet but now it was so I added that as a S&R line. When price went near that line I put a trailing SL which got hit pretty fast at the red arrow. Classic trade according to my system.
Net P/L: +10.80 points
Amount: 1 contract
Opening Rate 5666.15
Close Rate 5655.35
Open time 7/10/2017 3:46 PM
Close Time 7/10/2017 3:54 PM
Stop loss: fixed stop above highest high
Entry and exit on a 1m chart
Reason of closure: trailing SL got hit
Comments
The big move I'm looking for was just not big enough to go to the 5m chart. Big move was up and bounced off the 5675.00 level. Price went back up again and eventually moved past the previous low (my setup) I had placed an order so I didn't lose any valuable time. (of course the spread is still terrible)
During my preparations the 5655.00 level wasn't really visible yet but now it was so I added that as a S&R line. When price went near that line I put a trailing SL which got hit pretty fast at the red arrow. Classic trade according to my system.
Short NASDAQ-100
Net P/L: +5.80 points
Amount: 1 contract
Opening Rate 5850.52
Close Rate 5844.72
Open time 7/17/2017 4:28 PM
Close Time 7/17/2017 4:37 PM
Stop loss: fixed stop above highest high
Entry and exit on a 1m chart
Reason of closure: trailing SL got hit
Comments
Classic pattern for my system again. Only the retracement went pretty far and really close to the pre defined 5850.00 level. According to my system I should ignore it then and "play" the next level. Which would be 5845.00. Price first hovered around 5850.00 for a while (which I liked because if price halts after a move, that move will likely continue). And it did and reached 5845.00 after which I put a trailing SL, which got hit soon.
Net P/L: +5.80 points
Amount: 1 contract
Opening Rate 5850.52
Close Rate 5844.72
Open time 7/17/2017 4:28 PM
Close Time 7/17/2017 4:37 PM
Stop loss: fixed stop above highest high
Entry and exit on a 1m chart
Reason of closure: trailing SL got hit
Comments
Classic pattern for my system again. Only the retracement went pretty far and really close to the pre defined 5850.00 level. According to my system I should ignore it then and "play" the next level. Which would be 5845.00. Price first hovered around 5850.00 for a while (which I liked because if price halts after a move, that move will likely continue). And it did and reached 5845.00 after which I put a trailing SL, which got hit soon.
Long NASDAQ-100 (virtual)
Net P/L: +6.00 points
Amount: 1 contract
Opening Rate 5835.15 (5833.15 actual, but spread)
Close Rate 5841.15
Open time 7/18/2017 3:45 PM
Close Time 7/18/2017 3:58 PM
Stop loss: fixed stop below lowest low
Entry and exit on a 1m chart
Reason of closure: trailing SL got hit
Comments
Virtual trade because I was a tad too late to enter this trade and I don't like to be late because price can move a lot in a short time (however in this situation it would have still been ok). Anyway, I said to myself let's say I entered a position at that price (cause my setup had been triggered).
While the trade was going on I noticed an S&R level forming around 5840.00 so I put a trailing SL in place there. If I had not done that there but waited for the 5845.00 level I would have had a lot more profit, but that was what I was thinking at the time so we have to be honest and not skew this trade into the positive direction. The highest point reached 5843.78 (without triggering my trailing SL) and then went down more than 2 points triggering the trailing stop loss, which is set at 2 points which makes the close rate 5841.78 but to make it easy for me (and be pessimistic) lets say 5841.15. That makes for an even 6.00 points profit.
Net P/L: +6.00 points
Amount: 1 contract
Opening Rate 5835.15 (5833.15 actual, but spread)
Close Rate 5841.15
Open time 7/18/2017 3:45 PM
Close Time 7/18/2017 3:58 PM
Stop loss: fixed stop below lowest low
Entry and exit on a 1m chart
Reason of closure: trailing SL got hit
Comments
Virtual trade because I was a tad too late to enter this trade and I don't like to be late because price can move a lot in a short time (however in this situation it would have still been ok). Anyway, I said to myself let's say I entered a position at that price (cause my setup had been triggered).
While the trade was going on I noticed an S&R level forming around 5840.00 so I put a trailing SL in place there. If I had not done that there but waited for the 5845.00 level I would have had a lot more profit, but that was what I was thinking at the time so we have to be honest and not skew this trade into the positive direction. The highest point reached 5843.78 (without triggering my trailing SL) and then went down more than 2 points triggering the trailing stop loss, which is set at 2 points which makes the close rate 5841.78 but to make it easy for me (and be pessimistic) lets say 5841.15. That makes for an even 6.00 points profit.
Short NASDAQ-100
Net P/L: +3.30 points
Amount: 1 contract
Opening Rate 5906.65
Close Rate 5903.35
Open time 7/19/2017 3:45 PM
Close Time 7/19/2017 3:51 PM
Stop loss: fixed stop above highest high
Entry and exit on a 1m chart
Reason of closure: trailing SL got hit
Comments
Very similar trade as yesterday's, only that the margins for profit were smaller. I knew this trade would be a break even one or one of relatively small profit. Well nothing is certain but it had a high chance of being so.
Followed the system and it worked, Couldn't have done anything better. Of course due to the high spread and because of the initial move not being so big the profit/loss margins were smaller.
Net P/L: +3.30 points
Amount: 1 contract
Opening Rate 5906.65
Close Rate 5903.35
Open time 7/19/2017 3:45 PM
Close Time 7/19/2017 3:51 PM
Stop loss: fixed stop above highest high
Entry and exit on a 1m chart
Reason of closure: trailing SL got hit
Comments
Very similar trade as yesterday's, only that the margins for profit were smaller. I knew this trade would be a break even one or one of relatively small profit. Well nothing is certain but it had a high chance of being so.
Followed the system and it worked, Couldn't have done anything better. Of course due to the high spread and because of the initial move not being so big the profit/loss margins were smaller.
