Wednesday, July 18, 2007 $(1,294.40) @ 56 Contracts

Wooooh! Good thing I am trading a paper account. What worked yesterday did not work today. I was trying to trade the channel between the ER2 bollinger lines, using the NYSE Tick/AD lines as indicators for tops and bottoms. This worked remarkably well yesterday, but as you can see did not work so well today.

I am going to build a tool to constrain my trading, something that really hurt today was a lack of discipline ("It will turn around, I am sure"), when in fact I really needed a very tight stop, and to cut my losses early.

I am hoping that with a lot more hands on experience trading, I will find some patterns to exploit for my ATS.

Thank you to everyone who has been submitting bug reports about the Interactive Brokers C# API. I will take a look at the order processing system tonight and try to push out another patch.

Update: I had a problem with my P/L calculator yesterday, I had the wrong contract count which affected the fees, and thus my net. The above values are correct.