Friday, October 28, 2011

A good (but not glorious) trading day in the markets

I usually like to take it off early on Fridays because, well, it's Friday! Also, over the years I've noticed that once we hit the 11:00-11:30 AM mark, things go either wild or directionless, so there's not much sense for me sitting there waiting for something logical to happen. I had many good trades today but natural gas was the black sheep of the herd. It refused to come down as I expected it would/could. Well you can't win them all as we say. If all of my trade decisions had been winners since I started trading I would probably be richer than Georges Soros. But it's not the case. Making a decent living doing something I like above all may in fact be the most precious win. Net result for today trading 1 contract and including commissions: +$282. Details below.

1 comment:

  1. You should talk about why you made the bad trade and expecting what you thought would, but didn't, happen.

    Also, talk about what worked and why.

    Right now you are just posting that you did bad or not without explaining (at least on here anyways) why you screwed up. It's easy to recount winners, but losers are more tricky.

    I assume you keep this blog to show performance, but you should also agree performance comes from learning from mistakes and being consistent about what works. Not just 1 contract shots in the dark hoping for the best.

    Also, why do you trade what you do?

    Why not GC_F or HG_F? et al...