Keep Calm and Don't Move Your Stops.....

A little risk management saves a lot of fan cleaning!

The Purpose of Life is Joy!!

Thursday, January 19, 2017

Houston, we have a problem

As it turns out, numbers are magic, and I have no interest in magic.

I think I might be royally screwed.

Its like drinking from a fire hose and I'm not thirsty in the least!

Turns out there is a reason its taken me so long to complete this math requirement. My eyes glaze over as soon as I start reading the text. Its like reading Shakespeare in Latin. Beautiful I'm sure but completely unintelligible!

This looks to be more difficult than I had hoped.

Time to slog on.....

+.375 + .50%...+.875% for the day

Two trades. The first one trailed out at +.375% after missing my target by a tick and the second one went right to the target.

Bought 52.37 and 52.42. The price action was very range bound today and I think I was lucky these signals actually produced something. I traded a bit longer than normal today as my schedule allowed it. However I'm now running late so time to get going.

I think tomorrow I will adopt Sandy's nomenclature regarding risk and reward reporting. I will move to an RR format where the reward is expressed as a multiple of the risk. Using that format, I was 2RR and 4RR. I actually like the way that looks as opposed to a percentage return. 4RR looks better than .50%.

Inventory is in a couple of safe!

Anyway, until tomorrow.