So true….

From PhDComics…. ...Continue Reading...

I just applied at DNDN

I just applied for a part-time medical writer position at Dendreon Corporation in Seattle. Right after I applied I realized that it was DNDN….a volatile stock that has made for some great trades in the past. Funny how, in the trading world, you often only know companies by their ticker symbols…. ...Continue Reading...

Rough Week But Profitable

This past week was a rough week but I ended the week with a small profit. I started off the week strong. On Monday I had my best trading day thus far with over a $400 profit. However, I was obviously aided by the strong market day. The next day was a wash with a $15 loss. Then came Wednesday. It seemed like nothing went right. I had very few winning trades. I got caught in failed breakouts. I made mental errors. I chased some trades. I went long on some preleaders near the open despite my post last week ...Continue Reading...

The P&L Forecaster

Vertical Solutions has a really good tool here that allows you to forecast your future P&L based on the performance of your trading system. All you need to know is your average win, your win %, and your win/loss ratio. ...Continue Reading...

Using Trade Statistics to Refine Your Edge

In my last post, I talked about how I suspected that I don’t trade the preleaders/prelosers as well early in the day as I do the day rangers. However, as I mentioned before, sometimes what we perceive and what is true are two different things. Being a hard-evidence-kind-of-guy, I wanted to see if I truly performed better on the day rangers or if that was just my perception. The great thing about the TradePerformance software is I can break down my performance by ticker or by sets of tickers. Thus, I tediously went through all my trades over the past ...Continue Reading...

Week in Review

I had another profitable week…my third profitable week in a row. In fact, my profit this week is my best out of the 3. I was profitable 4 out of the 5 days. I did a much better job of sticking with my trading rules this week, and it showed. Not watching my P/L during trading hours also helped tremendously. Here’s my P/L by day: Here’s the stats: Trading Statistics – Selected Trades All Trades Long Trades Short Trades Net Profit 1105.585 801.105 304.48 Total Gains 2398.155 1749.15 649.005 Total Losses (1292.57) (948.045) (344.525) Ratio of Gains to Losses 1.8553 ...Continue Reading...