A new perspective and a new direction.... After some serious thinking last night, I decided that I was taking far too much risk in my little adventure - just going too far too fast. I also went back and looked at the original ideas that I proposed at the beginning of this blog and I realized that the dollar signs had tricked me into becoming a gambler. So - As of this morning, I have changed directions on the running of my portfolio in the following ways:
1) The concept is to run a stable of charts - as non-correlated to each other as possible
2) I will reset each chart to start again with only one contract - and make some rules for growing in size - I will post those when ready
3) The idea is to run lots of strategies (wide) instead of trading a couple with lots of contracts (deep).
This should (theoretically) make me money on most days and hopefully minimize the wild ride I have been on to a more steady ride. Once that is proven, then I will start increasing contracts. You will notice that I have added a few new charts - I will describe them under each posting.
I will post the weekly and Month-to-date results later tonight in a separate posting.
Today's Action:
This is the S&P chart that I started trading yesterday - It was the money maker today
The 7:30 Russell Chart lost again - but only one contract this time
The Russell 11:15 chart had a small winner - basically break even
This is a new Bond chart - it trades between 845 CST and 1PM CST - today was a small winner
This is the 7:30 bond chart that I have been trading since the beginning - but with only one contract being traded - a small winner today
No comments:
Post a Comment