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Two trades, one loss and one full winner, at last.
6E trade
Short off a previous breakdown volume. An undisciplined trade since the level was already tested. Poor choice.
P/L: -$123.54
After the fact screen:
6J trade
Long off a previous breakup volume. Entry was confirmed by volume. After the entry the price was rotating for a while before taking off in the right direction. Got all three targets.
P/L: $332.71
All right, lets look at how I am performing after twelve trading days.
Total Net Profit: $49 (Well, still trying to take off and still no success.)
Maximum drawdown: -$884 (Ok, I got some serious bleeding here. One more ride like this and I am dead in the combine.)
Percent profitable: 35 % (When you keep the risk to reward ratio at least 2:1, your winning percentage must be around one third in order to break-even. This report just proves the statement.)
One more remark. During the first journal challenge, held in April, I blew the trading combine rules in 9 days. Now, after 12 days, I am still alive.
6J trade
Long off a previous breakup volume which was in confluence with current swing WVAP. Got stopped out before the price finally turned.
P/L: -$104.79
After the fact screen:
Could not find any other entry.
Total daily P/L: -$104.79
Daily resumé: F
Hi Probabilistico, I dont think I trade the way you suggest. I have a daily target. When I hit it there is no need to continue trading that day. If I do not hit it I keep trading and it does not matter whether the first trade is a loss or gain. There are basically three conditions under I quit trading:
6B trade
Long off a previous breakup volume. Almost got stopped but then it turned and moved the right direction. Missed the 7:1 by two ticks and got stopped at CWAP.
P/L: $251.46
After the fact screen:
6E trade
Long off a previous breakup volume. The trade seemed to work out but then some 2000 contracts were traded within a second. It was a minute before 11:00 am central European time. There was no report as far as I know. Does anyone know what happened there?
P/L: -$48.54
