November Trading Results
December 1st, 2006Well, November turned out a good bit better than October for me. I credit that to ridding myself of a bias I had to trade earlier in the day. I think a couple trades where I entered after the 10:00 30 minute candle that turned out really well back in September (like this one) instilled an unhealthy bias towards trading off that candle. For a while after those successful lucky trades, I would aggressively look to be in something shortly after 10:30AM.
I’ve tried to rid myself of that bias and I think it worked in November. I’ve always thought of myself as a picky trader, but I’ve worked on trying to be even pickier. In fact, I give myself the hardest pat on the back on the days where I see several okay setups where I’m able to resist the urge to trade and not trade at all. It’s those days that in many ways, ironically, I feel like I’ve traded my best.
Here’s my calendar for November:
Here are my monthly trading results since I started dummy trading back in August. Those links will take you to the calendar view for each month.
| Month | Total R | Win % | Expectancy |
|---|---|---|---|
| November 2006 | 12.38 | 48.28 | 0.43 |
| October 2006 | -2.61 | 33.33 | -0.09 |
| September 2006 | 5.35 | 42.86 | 0.19 |
| August 2006 | 9.07 | 43.33 | 0.30 |
Related Posts:
Zoomie Said,
December 1, 2006 @ 6:37 am
Dave,
Those are some great numbers. Especially your expectancy. Congrats! My win rate is not as high, but I get a lot of break-even trades.
Dave Said,
December 1, 2006 @ 6:53 am
@Zoomie: Thanks, buddy! That win rate is a little inflated - I’ve started doing the Opening Gap Fade on the Qs that I read about in Mastering the Trade. The win rate is pretty high with that trade. Of course, you’ll never make more that 1R with that trade, so it better be high!
Tyro Said,
December 1, 2006 @ 9:52 am
Dave,
There’s nothing to not love about those figures. Great returns, great expectancy, great win:loss ratio, and on your calendar you show you’ve done this without any big drawdowns. Congrats!
Dave Said,
December 1, 2006 @ 2:08 pm
@Tyro - thanks a bunch!