Review week ended 09-Feb-2007 : Staying Flat

It was an interesting and yet disappointing week. I have more losing trades than winning ones, and I closed the week flat. It would have been a positive week if Tradestation did not play some monkey tricks and forced me to close my position early. Anyway, I don't wanna find an execuse for my performance.

There were couple of lessons learned this week.

There were two trades, where I was too eager to establish position when NQ was still in trading range. I got stopped out. And, in contrast, there were two trades, I patiently waited for setup outside trading range, I was rewarded (though one of them exited prematurely due to platform problem). I have missed out opportunity in the Friday afternoon. It happened after lunch hour.

Two good trades (1 screwed up by platform), 2 bad trades

Summary:

• Total P/L(after commission): +0.02 R
• Trades taken: 5
• Winners: 2 (40%)
• Losers: 3 (60%)
• Expectancy: 0 (well, +0.004..)
• Biggest winner (after commission): +2.81 R
• Biggest loser (after commission): -1.12 R