CLICK THIS LINK to read the email that accompanied this post.
Despite the fact that I only won 14% of my trades today….I ended up positive.
Takeaways from today’s trading numbers:
- 14% win rate but still had a winning day.
- Largest winning trade was 3.5 times greater than largest losing trade.
- Winning trades held for 180 minutes…losers for 11 minute.
The bottom line here today is that we cut the losing trades short and let the winning trades run. Our core trading philosophy.
How am I Doing This Week?
Given the fact that I lost 95 ticks yesterday, I would say it is a good week. I am up 89 ticks, trading 2 lots. Low risk and decent reward given the ugly day yesterday.
I am not going to win every trade / day / week. But today was an excellent example of how we cut the losing trades short and let the winning trades run. And despite the fact that the market was sluggish and finishing out contract roll over, I would say today was a success.
As always….thanks for reading!Click Here for the Extended Trial
The Oil Trading Group. (“OTG”) does not hold itself out as a Commodity Trading Advisor (“CTA”). Given this representation, all information and material provided by OTG is for educational purposes only and should not be considered specific investment advice.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Trading performance displayed herein is hypothetical. Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance trading results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.