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# of trades: 11
winning trades: 82 %
profit factor: 11.9
max. cons. wins: 5
max. cons. losses: 2
max. drawdown: 1.600 $ ok I admit I put on too much size
...last year I did a lot of stupid things out of desparation. Now I have to learn immediately that overconfidence is bad, too. Otherwise I crash the plane before it really takes off.
yesterday my max drawdown was $ 1600.
This was shortly before my bearable pain threshold.
In the past, whenever I came into the region of 1700-2000 my mind started to play tricks.
Then I see set-ups where no set-ups are.
I deviate completely from my trading style, mostly shooting for home runs.
And I do one trade after another.
I should also have some comparison # of trades on good days vs. # of trades on bad days.
On bad days I trade a lot more than on good days.
This has to be the other way round.
Prefer NQ & GC more to the upside.
GCīs correction could lure in some buyers again.
If I was big I would try to bid it up again, before I unload before the weekend.
CL I still don`t know how I should interpret the movements.
Gonna go only on board if I see really strong moves - in either direction.
It happens too often that I have already banked enough but go on with trading.
The assessment shows that I am overall better off when implementing a daily loss limit.
When I have a "run" there is nothing wrong to book additional profits.
But it is a big error to give back to much or even let it turn into a daily loss.
lackluster trading in stocks; daily PB stopped yesterday
yields still falling but perhaps building a temporary low, time-spread still rising
HYG vs. IEF consolidating
CL & industry metal correcting
volatilities compared to Apr./May still elevated but coming down
HB vs. LV still rising
more stock volume to the upside
open interest of puts higher than for calls
NQ:
difficult guess: if someone wanted he could have taking NQ higher yesterday without spending too much money.
But this did not happen. Think we also see some position closing before the weekend.
Expect a range-market with not too much activity.
After European close perhaps they bid it again a little bit up.
GC: lots of opportunities these days in GC
But donīt underestimate the volatility.
Perhaps a push up to lure in buyers and then unloading before the weekend
Prefer upside fading moves and momentum down.