YATD - Yet Another Trading Diary

[20.sum1]

yusi sorry for being dumb but what exactly does "great nick" mean?

 

[yusi]

Oops. Meant nick as short for nickname, handle, monicker, username.

20.sum1 came across as age 20+, is well read (including Bhagat's five point someone), probably an IT engineer (knows yacc) -- in general an interesting mashup.

 

[20.sum1]

Happy New Week,

I am back again with the usual chart + some words.

Last week I took six trades and all of them were profitable.
Except for the last once which was a roller coaster, the rest were ok trades.I chickened out and closed a bit early on two trades and missed out on some profits including one good one.

[Note to self:Check if any connection between roller coaster trade and what I mentioned in diary a few weeks back]

Here is chart for the last week:

 

[20.sum1]

I couldn't trade much this week..Only two trades both of them minor losses..I think the coming week will be busy too..

Ciao

Here is GOTW

 

[20.sum1]

Its been quite some time since I have traded in my mock account and hence no updates..Other than that I am really trying to bring clarity to some of the concepts that I base my system on..and that's taking time..a hell lot more than I imagined it to be...
Once I am done with this(hope so),I will be back..so Till then ..

 

[20.sum1]

warm up post ..this thread slowly coming back to life..ah..

 

[20.sum1]

ok so just a quick update..on 9th july went long on gold expecting a multi-month rally..gold did nothing pretty much for days that followed . right now there is a small net profit of 2300$(swap eats 50$ everyday). If it gets back above my starting amount (ie. 50000 account i opened) after this trade ,i will take it as a sign to start trading with real money in NF etc.

 

[20.sum1]

the gold position is now underwater at -71$..since this is a multi-month position i am holding on to it,swap has taken 1400$ from otherwise profitable position.i hope to see fireworks starting next week.let's see what happens..

 

[20.sum1]

sold the gold..more updates later

 

[20.sum1]

Here is the chart showing my account size.

That is the end of mock trading for me..I managed to close the account in green and now my karma is +ve so I can trade real now as indicated a few posts back.
Summary:
Deposit/Withdrawal: 50 074.37 Credit Facility: 0.00
Closed Trade P/L: 1 304.42 Floating P/L: 0.00 Margin: 0.00
Balance: 51 378.79 Equity: 51 378.79 Free Margin: 51 378.79


Although looking at other statistics it seems a lot of work has to be done.
Gross Profit: 20 455.00 Gross Loss: 19 150.58 Total Net Profit: 1 304.42
Profit Factor: 1.07 Expected Payoff: 23.29
Absolute Drawdown: 14 293.00 Maximal Drawdown: 14 293.00 (28.59%) Relative Drawdown: 28.59% (14 293.00)

Total Trades: 56 Short Positions (won %): 25 (20.00%) Long Positions (won %): 31 (48.39%)
Profit Trades (% of total): 20 (35.71%) Loss trades (% of total): 36 (64.29%)
Largest profit trade: 7 196.00 loss trade: -3 040.00
Average profit trade: 1 022.75 loss trade: -531.96
Maximum consecutive wins ($): 7 (3 797.00) consecutive losses ($): 14 (-8 791.00)
Maximal consecutive profit (count): 7 196.00 (1) consecutive loss (count): -8 791.00 (14)
Average consecutive wins: 2 consecutive losses: 4

The swap charges(mostly negative except for 1 yen trade) and gross profit
were -3 794.00 and 5 098.42

I will start real trading in near future.Some systems need to be put in place and also recap of major learnings is needed.