Another trade finally! There have been a few triggers but no filled trades since end of November 2008.
3 short trades just completed, not exactly to plan but profitable in the end.
| SPI ASX CFD | Short | 28/01/2009 | 3455 | 2/02/2009 | 3468 | -13 | Large Exit Slip |
| SPI ASX CFD | Short | 29/01/2009 | 3530 | 2/02/2009 | 3468 | 62 | Large Exit Slip |
| SPI ASX CFD | Short | 30/01/2009 | 3501 | 30/01/2009 | 3502 | -1 | Order error |
Total Points = +48
Order 1 & 2 were exited today at open, but I didn't check the ASX CFD open price and had HUGE slippage. I really hate the way ASX CFD's are executed, you have to watch the open yourself otherwise the market makers hit your bid/ask irrespective of the actually underlying price. I use IB as my broker so I think I should have pegged the exit price to the SPI reall value & exited at market.
Still, the overall trade was in profit, just could have been better.
Order 3 on Friday was an order error, I made a mistake on the exit if-done order & left the same price as exit in so I entered & exited on 1 day for a 1 point loss instead of exiting today for a profit.
Summary of Points since trading 30-9-2008
| Total | 1644 |
| No Win | 11 |
| No Loss | 5 |
| Total | 16 |
| Win % | 69% |
| Avg Win | 214 |
| Avg Loss | -142 |
| W/L | 1.51 |
| Expectancy | 103 |
Even with the problems my win / loss is still positive which is good, I just need to improve execution.
Till the next trade....
Posts
No comments:
Post a Comment