On the one hand, you have a trading plan. It consists of those trade models that appear at the right edge of your video screen. On the other, you have a plan that acknowledges that the markets can, and usually do, just want they want. And that trade plan includes stp-loss risk management, and maximum loss per day management. Today, I hit my maximum losses early on, betting a bit too heavy on signals that usually work. But if you can keep your maximum losses per day at near the same price as any one average day's gains, you still have a chance of ending the week in the black. Managing your losses is the secret to a successful career trading futures.
20120531
Long 4 NQ 2525.25, 2525.25, 2522.25, 2522.25, -5.0, -5.0, -2.0, -2.0
Long 3 TF 757.0, 757.0, 757.0, -1.0, -1.0, -1.0
Total NQ -14.00
Total TF -3.0
Monthly Trade Summary 201205
Total ES -1.25
Total YM +75
Total NQ +10.75
Total TF +55.4
