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The CLQ/LWR (Cut Losses Quick-Let Winners Run) system


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The CLQ/LWR (Cut Losses Quick-Let Winners Run) system

  #21 (permalink)
 
futuresmonk's Avatar
 futuresmonk 
Dallas, TX
 
Experience: Beginner
Posts: 28 since Mar 2021
Thanks Given: 7
Thanks Received: 11

7/13/2021
Trades review

PnL = -$462.50








_Try not to average in when price is going against you
_Unless I'm certain orderflow is in my favor

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  #22 (permalink)
 
futuresmonk's Avatar
 futuresmonk 
Dallas, TX
 
Experience: Beginner
Posts: 28 since Mar 2021
Thanks Given: 7
Thanks Received: 11

7/16/2021
Trades review

PnL = $175.00

_Was out sick for a couple of days.

_I decided, I will set a VERY SMALL target for the day and see if I can achieve that consistently.
_If I reach the target, I will stop trading for the day.
_For now I set my target to 10 ticks







_Succeeded today in the first few attempts

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  #23 (permalink)
 
futuresmonk's Avatar
 futuresmonk 
Dallas, TX
 
Experience: Beginner
Posts: 28 since Mar 2021
Thanks Given: 7
Thanks Received: 11


7/19/2021
Trades review

PnL = $162.50







_Succeeded in first attempt

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  #24 (permalink)
 
futuresmonk's Avatar
 futuresmonk 
Dallas, TX
 
Experience: Beginner
Posts: 28 since Mar 2021
Thanks Given: 7
Thanks Received: 11

7/20/2021
Trades review

PnL = $125.00







_Clearly, I am leaving so much money on the table. But, at this point I don't want to be concerned with this.
_My primary focus right now is to,
1. Cut losses quickly (under 4 ticks per trade)
2. Be able get to 10 ticks per day fairly consistently

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  #25 (permalink)
 
futuresmonk's Avatar
 futuresmonk 
Dallas, TX
 
Experience: Beginner
Posts: 28 since Mar 2021
Thanks Given: 7
Thanks Received: 11

7/21/2021
Trades review

PnL = -$300.00







_Found it to be a very tricky day to play.
_Price correlation with CD delta was a off. This was very confusing.
_On a positive note, an area I feel I have improved a little bit, is being selective with the trades I take.



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  #26 (permalink)
 
futuresmonk's Avatar
 futuresmonk 
Dallas, TX
 
Experience: Beginner
Posts: 28 since Mar 2021
Thanks Given: 7
Thanks Received: 11

7/22/2021
Trades review

PnL = NA

_Did not trade today.
_Had to be present at office early in the day.

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  #27 (permalink)
 
futuresmonk's Avatar
 futuresmonk 
Dallas, TX
 
Experience: Beginner
Posts: 28 since Mar 2021
Thanks Given: 7
Thanks Received: 11

7/23/2021
Trades review

PnL = $300.00





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  #28 (permalink)
 
futuresmonk's Avatar
 futuresmonk 
Dallas, TX
 
Experience: Beginner
Posts: 28 since Mar 2021
Thanks Given: 7
Thanks Received: 11

7/26/2021
Trades review

PnL = $0








_Would have reached target had I not missed entry around 9:45am
_I need to devise a strategy to minimize missing good entries.

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  #29 (permalink)
 
futuresmonk's Avatar
 futuresmonk 
Dallas, TX
 
Experience: Beginner
Posts: 28 since Mar 2021
Thanks Given: 7
Thanks Received: 11

7/27/2021
Trades review

PnL = $50.00









Below is the expanded view of section in the blue rectangle



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  #30 (permalink)
 
futuresmonk's Avatar
 futuresmonk 
Dallas, TX
 
Experience: Beginner
Posts: 28 since Mar 2021
Thanks Given: 7
Thanks Received: 11


7/28/2021
Trades review

PnL = -$37.50









_Although my win-rate was higher, my losses were bigger than my wins
_This is a reminder to cut losses as soon as I know I am likely wrong. I should not wait hoping price will turn around.

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Last Updated on July 29, 2021


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