I start the year with new trading plan and focus on NQ futures (E-mini Nasdaq-100) trading and one setup. In total, only 10 trades were made this month. I closed the month with 5.31 R. Well, more works need to be done.

Summary (after commission):

• Total P/L: +5.31 R
• Trades taken: 10
• Winners: 5 (50%)
• losers: 3 (30%)
• Break even: 2 (20%)
• Expectancy (Total R/trades taken): +0.53
• Biggest winner: +2.84 R
• Biggest loser : -1.09 R

Some interesting statistics from Tradestation:

• Average Time in Trades: 19 minutes
• Winners: 24 minutes
• Losers: 7 minutes

[photopress:Jan2007Performance.PNG,full,alignleft]

Minimum target for February will be 5.31 R . I hope I am able to make it in the early part of the month. I will be traveling to Malaysia and Indonesia during the second half of February.