Wednesday, December 28, 2011
The reason why I didn't publish results yesterday
Yesterday, I didn't publish my trading results because I was still holding a sizable position in crude oil at the end of the pit session. 99% of the time I make sure I am flat at 2:30 PM. But yesterday was different. At one point I was down around -160 ticks on that short trade with 4 contracts. I was afraid that by publishing my results readers of this blog would think I had lost $4000, which I had on paper but not in reality. A trade is not over until it's over, right?. So, I didn't take a screen capture of my broker's platform and post it here like I do usually. FYI, the only trade (besides the one on crude oil) I took yesterday was a natgas long trade that ended up at +31.1 ticks. So that is basically the net result for yesterday +$311. Today, I did not trade. I just closed my crude oil short trade when the price dropped to my entry level of 100.07. So, I broke even on that one which is good considering the risk I took by doubling up to 4 contracts yesterday. Therefore there is no result to publish today either. I will be resuming trading tomorrow given a chance.