Showing posts with label equity curve. Show all posts
Showing posts with label equity curve. Show all posts

Monday, May 12, 2008

Making this the best year of my life

As I mentioned earlier, after 2 years I have put my day trading activities on the back burner, or at least 2nd priority. I still keep an eye on the markets and put on some short to medium term option trades, but I don't devote my full 8 hours a day to trading. I look forward to being able to do that again in the future though and I have every intention of doing so.

In the meantime, I am very busy with my revived 3D animation company. We bought RenderFriend server farm for other 3D animators to use on a lease basis. What I'm focusing on right now is the lessons learned from a book I just finished reading called "The Best Year Of Your Life" by Debbie Ford. It's actually my wife's book but I picked it up and started reading it too. There are no new life lessons to be learned here, but sometimes it's nice reading someone else's perspective on things we already understand. It gives us a a different slant on things sometimes. Making this year the best year of my life doesn't equate to finances necessarily, it's the steps involved in moving forward, being better, becoming better by taking an active role in the things that you do, not a passive role. Of course it's so much easier to take the passive role and let life happen to you. I've certainly done that.

But in rebuilding my company, the important thing is to take an active role DOING something every day. Make the day count. Put out the effort by making a new contact, enhancing your advertising, even take time out 3 to 4 times a week to exercise. I need to do that because what good is any future success if I can't enjoy it in a worn out body that I haven't taken care of? Taking active steps on your list to do something every day that moves you closer to your goal is what makes the difference. So, I'm keeping very busy with these things, even when I don't feel like doing them... I always feel better afterwards.

Monday, September 10, 2007

4 trades, 2 winners today on Dow

Today showed 4 trades on the DOW (YM), 2 were winners, 2 losers stopped out. Ended the day slightly down but still TradeLogger has me in sim mode on the YM so no actual losses to my equity in that account. Currently I'm using a 20 MA setting and a "Cross" type for my settings. I continue to trade 2 contracts, taking a T1 at 10 tics and taking the runner off on the first CCI hook back or a cross of the 100 line.

Friday, August 31, 2007

version 2.3c

Fixed a problem where the FILTER GRAPH button which stopped working after entering a Journal Entry. Also corrected the way the journal field displays the text in the Trade Log window.

Thursday, August 30, 2007

New update 2.3 released

Today my internet connection was down in my neighborhood so instead of trading it gave me a chance to finish up a few new feature updates. Version 2.3 now includes a CREATE JOURNAL ENTRY button which allows you to enter your personal thoughts about the trade you are recording. Many traders find this helpful to make a note of what they were thinking about when they entered or exited a trade. Also a new "Sticky Date" checkbox was added to let the date box remain unchanged when entering in lots of records. You can download the newest version automatically if you already have the FREE TradeLogger. It will self-update if connected to the internet. You can download TradeLogger for the first time HERE.

Sunday, August 26, 2007

Updated version 2.2l

This button now adds the ability to show the “before” and “after” equity curves by clicking the new button located in the lower left corner of the window. This new feature shows what your live equity curve looks like after following the advice that TradeLogger gives you about when to be in SIM mode and when to be in LIVE mode.

TradeLogger - equity curve management

TradeLogger is a FREE program that helps day traders and swing traders minimize the drawdown in their equity. Close to 2,000 traders are now utilizing TradeLogger's easy-to-use interface to log their trades' profit and loss and receive a clear, consise signal whether their next trade needs to be a LIVE trade or a SIM trade. This is all based on how well their equity curve is performing.

The benefit of this program is it saves you capital when your trading performance experiences periods of drawdown while in a losing slump, whether it's due to the skill of the trader, or just lack of follow through from the market due to market mechanics.
You can download at www.TradeLogger.net.