Review week ended 02-Feb-2007

It is a boring Friday morning. I was watching NQ till lunch hour, and decided to call a day. Here is the weekly review of my trading performance.

I achieve my goal by having another profitable week. However, earning is still small. This is a week with full of events like FOMC meetings and Non Farm payroll etc. I start integrating chart pattern with dummy setup. So far so good. In total 4 trades were made.

Summary

• Total P/L(after commission): +2.52 R
• Trades taken: 4
• Winners: 2 (50%)
• Losers: 1 (25%)
• Break even: 1 (25%)
• Expectancy: 0.63
• Biggest winner (after commission): +2.01 R
• Biggest loser (after commission): -1.06 R

The obvious limitation I can see is trading only one futures (NQ) and one setup. The most challenging part is patience. I have to be patient to wait for the right spot to get into the trade. Once consistency is achieved (I am giving myself until end of first quarter of the year), I will start playing around with position sizing, by utilising day trading margin, maybe.