Today’s shi-tay trades, stocktickr
The computers got me again today – I went short in the morning and was chopped up as the market rallied into the afternoon.
I loaded all of my trades since June into my stocktickr journal and I was very surprised when I looked over some of the many reports. For example, I am negative on Tuesdays and Thursdays since June 1 (but I’ve made over 80R since then!). I have made most of my money on Wednesdays. I was very surprised by this. I thought it would be more evenly distributed.
Most importantly, I have learned that I have made all of my money since August 1 with long trades and I am negative on short trades. This is very interesting to me because I usually go long or short depending on whether I judge the tone for the day as positive or negative. It seems kind of obvious when I think about it now, but I probably should start adjusting my R value based on the longer-term trend of the market. For example, the trend since August is up so I may put a full 1% of my account at risk with long positions and lower my R on short positions to 0.75% or less.
I may also lower my R value on Tuesdays and Thursdays.
I used to keep track of my trading journal in excel, but stocktickr has a lot of cool reports – and I’ve heard more are on the way. Awesome.
