I thought I might have chance to establish a long position of NQ before lunch, well, pattern failed to form. No trade for this Options expiration Friday.
This week, I did not achieve my target. Only two trades were made with 1 break even and 1 loser. It was a short week with options expirations going on. But these should not be the excuse for this result. I guess the possible problem might the trade on 17-Jan-2007 , I was too eager to entry a trade while it was still in trading range.
Anyway, it doesn’t help to think too much over the weekly result, as there were just two trades made.
Summary
- Total P/L (after commission): -1.08 R
- Trades taken: 2
- Winners: 0 (0.0%)
- Loser: 1 (50%)
- Break even: 1 (50%)
- Expectancy: -0.54
- Biggest winner (after commission): none
- Biggest loser (after commission): -1.09 R
I will be traveling to Malaysia tomorrow, so no posting over the weekend.Have a good one.
Only two trades doesn’t make much of a trend in either direction. Even the best of systems with a 80% win ratio need at least 10 trades to have any statistical validity. Stick with it.
Personally I found this to be a much harder week on the Russell than even last week. So you’re not alone. Have a good trip to Malaysia.
Only two trades doesn’t make much of a trend in either direction. Even the best of systems with a 80% win ratio need at least 10 trades to have any statistical validity. Stick with it.
Personally I found this to be a much harder week on the Russell than even last week. So you’re not alone. Have a good trip to Malaysia.
Edward, thanks for your comment. Have a nice weekend! 🙂
Edward, thanks for your comment. Have a nice weekend! 🙂
Gav,
Enjor your trip to Malaysia.
*i use to post in parttimetrader.blogspot.com but maintaining multiple blogsites is almost impossible.
mc
formerly known as parttimetrader
Gav,
Enjor your trip to Malaysia.
*i use to post in parttimetrader.blogspot.com but maintaining multiple blogsites is almost impossible.
mc
formerly known as parttimetrader
sorry wrong link on the previous comment…
sorry wrong link on the previous comment…