11.30.10
First trade stopped out at slightly more than BE & I didn't hold my second trade to the round number target.
Lost Money
11.24.10
I'm in a time crunch to get to work more than usual so I don't have time to see how much I lost or post charts. The amount is nothing major though. However what is major is how lost I feel I am as a trader. Don't know at this time how to fix it. I'll just keep reducing size to slow the drain from my account. 50 cents per pip here I come again! (F'in BS)
I'm in a time crunch to get to work more than usual so I don't have time to see how much I lost or post charts. The amount is nothing major though. However what is major is how lost I feel I am as a trader. Don't know at this time how to fix it. I'll just keep reducing size to slow the drain from my account. 50 cents per pip here I come again! (F'in BS)
- 9.7 pips = - $38.80
+ 17 pips = + $17.29
+ .2 pips = + 40 cents
+ 5 pips = $43.59
+ 15 pips = + $35.69
- $14.92
+ 2.5 pips = + $31.65
11.04.10
Variable Position Sizing is what I did today depending on how far my stop had to be place away from entry I adjusted my size. Min position size was at 25 cents per pip max size today was at $5 per pip. In general my max position size is $10 per pip and my min position size is 25 cents per pip.
Variable position sizing can create some weird stats. It's possible to be negative total pips with a positive bottom line. Today my 2.5 pips for plus $31.65 suggests I was trading $12.66 per pip.
If I exit 2 places from initial entry then I'll take the average pips earned for that trade as the pip count.
The dollar figure I earn or lose in a day is straight forward and is the only number that really matters.
Variable Position Sizing is what I did today depending on how far my stop had to be place away from entry I adjusted my size. Min position size was at 25 cents per pip max size today was at $5 per pip. In general my max position size is $10 per pip and my min position size is 25 cents per pip.
Variable position sizing can create some weird stats. It's possible to be negative total pips with a positive bottom line. Today my 2.5 pips for plus $31.65 suggests I was trading $12.66 per pip.
If I exit 2 places from initial entry then I'll take the average pips earned for that trade as the pip count.
The dollar figure I earn or lose in a day is straight forward and is the only number that really matters.
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