Lesson learned and Results for 5/12/09
I monitor each of my systems daily and determine whether they should be traded live the next day or not. Currently all my systems are in “no live trading” mode. Argh…how can you make money if you aren’t trading?
Well, this reminds me of many quotes from various trading books I’ve read over the years about “sitting on hands, knowing when to trade, must preserve your capital, etc.”.
Yesterday (5/12/09) morning I saw a clear breakout to the downside after two inside days in a row in the Russell 2000 futures, and some of my systems had short signals. I so wanted to turn on the systems (come on, at least one of them)! But I didn’t. I stuck to my rules. I mean, why else create these rules?
Here is the lesson I am taking from this situation: Each day I follow my rules, I am more and more confident in my trading abilities.
(As an aside, I would have lost $80 plus commissions and slippage if I had traded the system I wanted to turn on.)
cheers, gary
| Daily Hypothetical Results – 1 contract Russell 2000 mini futures | |||||
| $35 roundtrip commission and slippage included, see Disclaimers | |||||
| System | # Trades | Net Profit | |||
| Bobcat I | 2 | $ (150) | |||
| Bobcat II | – | – | |||
| Cougar | – | – | |||
| Lion | 1 | $ 35 | |||
| Tiger | 1 | $ (85) | |||
| For more information about these systems, go to | |||||
| www.trendfindertrading.com | |||||