Peter journal: First pullback+lightning bolt+ABCD

[Peter 12]

first month of trading is over: 17 Nov-18 Dec... 21 trading days and 49 trades results:

21 trading days: +18.5R     average day +0.82R                  

49 trades: 24 winners , 25 losers   =  win rate  49%

average trade profit: +0.38R

winners together: +43.9R , losers together: -25.4R , profit factor: 1.7

 

Problems to solve:

1. I am not selling stocks exactly to plan, I need to correct selling plan  and make 

exact rules what I can follow 100% times. I need to make new selling rules easier to follow and to have bigger win rate.

2. I cant trade those days if I am tired or not prepared, its better skip those days and have 0R to trade and have -2R.

 

what is good:

With first month I am growing account, setup is working good.

Last 2 weeks statistics are very good: win rate is 62%, profit factor is 2.75, average trade profit +0.58R. Those are excellent statistics.

But not much data yet I need more data to be sure and more confident with this setup.

 

 

Edited December 19, 2020 by Peter

[Peter 12]

Tuesday results 2losers -2R. It was not trading day both trades was gambling trades with no setup, was away 4 days and today did not do proper 

preparation before trading day.  Das locked me for day, after second losing trade...its good that Das locks me after second losing trade, if I could trade more then third trade 

would be loser too...and now I have only 2 losers.

trade 50 -1R

 

trade 51 -1R

Edited December 23, 2020 by Peter

[Peter 12]

Wednesday 23.12 results 2 losers -2R

trade 52 -1R

 

trade 53 -1R

[Peter 12]

I a m ending December 2020 here, no trading tomorrow and next week, back 4.01.2021 

December 2020 stat: +10.6R 15 tr.days average day +0.71R, 28 trades 14W/14L, win rate 50%

average trade profit +0.37R

December together was decent month, last 2 days ruined nice statistics, but big picture was good. I raised:

1. win rate from 39% to 50%

2. average day profit from +0.49R to +0.71R

3. average trade from +0.15R to +0.37R 

4. profit factor from 1.35 to 1.67

 

Now In January, when earning season starts, my main task is to hold this December performance and before end of month  reach +25R total profits and raise risk to level 2. 

Superb would be if I could raise my performance even more...

superb statistics are:

1. win rate over 60%

2. average  trading day over +1.25R

3. average trade profit over +0.5R

4. profit factor over 2.0

 

Edited December 23, 2020 by Peter

[Peter 12]

I done some back testing all my December trades and results are:

with my selling rules all trades are: +10.6R

If I sold all my trades 2 to 1 all or nothing approach then results would be: +12.7R

If I sold all my trades 1 to 1 all or nothing approach then results would be: +2.2R

If I sold all my trades 3 to 1 all or nothing approach then results would be: +5..2R

 

December Best results are 2 to 1 AON approach, I am continue to test those all approach on January and then if necessary make changes, 2 to 1 is easyer

to follow you need only hotkey and then all is done no more thinking what to do after entering a trade. 

 

 

[Peter 12]

Monday  4.01.2021    1 winner+1,4R

TRADING DAY GRADE: B

IDEAS: B:  was not strong stock gap down stock and I was going long

ENTRY+STOPLOSS: A

MANAGMENT: C , not sold according to trading plan

OVERALL GRADE: B

 

trade 54 +1,4R

IDEA: B

ENTRY+STOPLOSS: A

MANAGMENT: C

OVERALL GRADE: B

 

Tuesday 5.01.2021 results 2 winners +2.9R

trading day grade: A- 

IDEAS: A

ENTRY+STOPLOSS: A

MANAGMENT: B , not sold according to tradingplan

OVERALL GRADE: A-

 

trade 55 +1,9R

IDEA: A

ENTRY+STOPLOSS: A

MANAGMENT: B last part sold not according plan target was 78 sold 77.5

OVERALL GRADE: A-

trade 56 +1R

IDEA: A

ENTRY+STOPLOSS: B not waited 5min. candle to close buying too early

MANAGMENT: C sold not according trading plan, traded not to lose

OVERALL GRADE: B

 

Edited January 5, 2021 by Peter

[Peter 12]

Wednesday results 3 losers -3,7R all trades was setup but no one worked out but i managed as planned

 

 

trade 57 -1R

catalyst: yes

daily breakout: yes

premarket gap: yes

rel. vol. no 90% 

trading pattern: yes

entry: A-

management: A

overall grade: A-

 

 

trade 58 -1,2R

 

catalyst: no

daily breakout: no

premarket gap: yes

rel. vol. yes 200%

trading pattern: yes

entry: A

management: A

overall grade: B

trade 59 -1,5R

 

catalyst: yes

daily breakout: yes

premarket gap: yes

rel. vol. yes 1200%

trading pattern: yes, trend continuation after first pullback

entry: A-

management: A

overall grade: A-

 

Edited January 7, 2021 by Peter

[JS 10]

Nice Journal Peter!

Is the stat gross R or net? Thanks!

[Peter 12]

4 hours ago, Jiheng Sang said:

Nice Journal Peter!

Is the stat gross R or net? Thanks!

Its gross, no reason to put net i am risking so little. Later if risk is normal ( 100 dollar or more) commisions are less than 10% from grossprofit. Im calculating like this.

[JS 10]

28 minutes ago, Peter said:

Its gross, no reason to put net i am risking so little. Later if risk is normal ( 100 dollar or more) commisions are less than 10% from grossprofit. Im calculating like this.

Thanks and good to know. Same situation here.

[Peter 12]

Thursday results 1 winner +2,3R

trade 60 +2,3R

catalyst: yes

daily breakout: yes

premarket gap: yes

rel. vol. yes 400%

trading pattern: yes, but did not waited correct pullback

entry: B

management: A

overall grade: A-

Edited January 7, 2021 by Peter

[Peter 12]

Friday  8.01.2021results 1winner +0,7R

trade 61 +0,7R

catalyst: no

daily breakout: yes

premarket gap: no

rel. vol. no 90%

trading pattern: yes, but hit wrong hotkey and later got filled 50c later, was good B trade but ruined by hotkey error

entry: B

management: b

overall grade: b

[Peter 12]

week 1/2021 (5 days 8 trades 5W/3L 62% W/R average trade +0.45R average day +0.72R

 

[Peter 12]

Monday 11.01.2021 results 2 losers -2R

trade 62 -1R

catalyst: yes

daily breakout: yes

premarket gap: yes

rel. vol. yes 

trading pattern: first pullback to vwap

entry: B

management: a

overall grade: a-

 

 

trade 63 -1R

catalyst: no

daily breakout: yes

premarket gap: yes

rel. vol. yes

trading pattern: yes

entry: B

management: a

overall grade: b

 

Edited January 12, 2021 by Peter

[Peter 12]

Tuesday 12.01.2021 results 1winner +2.9

catalyst: yes

daily breakout: yes

premarket gap: yes

rel. vol. yes 200%

trading pattern: yes, but first trade made hotkey mistake 

entry: a

management: B

overall grade: a-

Edited January 12, 2021 by Peter