Thursday, August 23, 2007 $(423.60) @ 14 Contracts

So today doesn’t look good on paper again, but I am still having a hard time with my trading style. Scalping was working well for me, but the markets are so noisy that I had to have huge stops, and take my profits quickly, which meant that it just took one bad trade to destroy 3-4 good ones, and I kept losing money. Now I make a lot on my winners, but I lose a lot more on my losers, and today there weren’t any good setups, but I still let myself trade. The best setup today was the very first one on the ER2 at about 6:32 after the run up, it was a clean sell signal, but yesterday I got screwed on this because it dipped and then blasted north.

I have written a new program to record all of the raw ticks from IB so I can make a really good simulation, and begin back testing these new strategies. It will take some time as I need to do the collection, but better late than never!

So my result graph looks not so shabby… just a zero crossing problem. I really need to do some strategy back testing.