After a little analysis of our previous results, we decided to review our trading strategy in the direction of risk reduction. To do this, we analyzed our trades that we had made on different accounts over a period of a couple of months. We noticed that the trading style we use on big accounts is not appropriate to trade on small accounts (even with a reduced number of contracts).
As a result, the threshold of maximum loss per trade and the total result for the day was reduced. Our approach was quite simple – you need to analyze each trade, look at the average loss for the day/week and check which trade signal gives more and less risk respectively.
On our side, we removed some setups that were quite profitable, but they were also quite risky. On small accounts with not a high drawdown threshold, these types of trades are unacceptable. That's why we dropped them.
We advise you to review your trades and find those types of market entries that are the most undesirable for certain types of accounts.
This week trade prints:
|Trade number||Instrument||Market pos.||Qty||Entry price||Exit price||Entry time||Exit time||Entry name||Exit name||Profit||Cum. net profit|
|1||ES 06-21||Short||1||4155.25||4155.00||5/11/2021 3:26:03 AM||5/11/2021 3:29:22 AM||Entry||Close||$8.62||$8.62|
|2||NQ 06-21||Short||1||13153.25||13145.75||5/11/2021 7:52:23 AM||5/11/2021 7:56:35 AM||Entry||Target1||$146.12||$154.74|
|3||RTY 06-21||Long||1||2173.2||2173.5||5/11/2021 9:36:19 AM||5/11/2021 9:36:25 AM||Entry||Stop1||$11.12||$165.86|
|4||ES 06-21||Short||1||4136.25||4133.75||5/12/2021 3:10:16 AM||5/12/2021 3:13:06 AM||Entry||Target1||$121.12||$286.98|
|5||ES 06-21||Short||1||4136.25||4133.75||5/12/2021 3:10:16 AM||5/12/2021 3:13:06 AM||Entry||Target1||$121.12||$408.10|
|6||ES 06-21||Short||1||4118.00||4117.00||5/12/2021 9:40:38 AM||5/12/2021 9:41:30 AM||Entry||Close||$46.12||$454.22|
|7||YM 06-21||Short||1||33441||33475||5/13/2021 3:15:22 AM||5/13/2021 3:22:04 AM||Entry||Stop1||($173.88)||$280.34|
|8||YM 06-21||Short||1||33394||33369||5/13/2021 3:38:35 AM||5/13/2021 3:39:09 AM||Entry||Target1||$121.12||$401.46|
|9||NQ 06-21||Long||1||13058.25||13060.50||5/13/2021 7:57:41 AM||5/13/2021 8:05:49 AM||Entry||Close||$41.12||$442.58|
|10||YM 06-21||Long||1||34102||34064||5/14/2021 3:20:38 AM||5/14/2021 3:26:24 AM||Entry||Stop1||($193.88)||$248.70|
|11||ES 06-21||Long||1||4140.50||4143.00||5/14/2021 9:40:10 AM||5/14/2021 9:44:58 AM||Entry||Target1||$121.12||$369.82|
|12||YM 06-21||Long||1||34244||34218||5/14/2021 10:27:16 AM||5/14/2021 10:29:08 AM||Entry||Stop1||($133.88)||$235.94|
|13||YM 06-21||Long||1||34352||34377||5/14/2021 2:47:05 PM||5/14/2021 2:54:02 PM||Entry||Target1||$121.12||$357.06|