Augubhai's notes - Smarts, Guts and Luck

[augubhai]

out at 54.29

MTM -1.59%

MTM was +2% a few minutes back, but....

5900PE - long at 54.48, SL 53.8

 

[augubhai]

MTM was +2% a few minutes back, but....

5900PE - long at 54.48, SL 53.8

out at 53.63

MTM -2.04%

 

[augubhai]

5900CE - long at 55.06, SL 53.9

 

[augubhai]

multiple whipsaw trade. now long puts at 54.36, SL 53.3

 

[augubhai]

i am getting good entries that bring up the MTM - even the trade I am currently in.

problem is to decide when to exit. arbitraily, I decided to exit whenever the MTM for a trade gets to +5% of capital, but those will be rare occasions.

My risk per trade is about 0.5% of capital.

Any suggestion on MTM target per trade?

 

[PartTime_Trader]

i am getting good entries that bring up the MTM - even the trade I am currently in.

problem is to decide when to exit. arbitraily, I decided to exit whenever the MTM for a trade gets to +5% of capital, but those will be rare occasions.

My risk per trade is about 0.5% of capital.

Any suggestion on MTM target per trade?

Win_Loss_Ratio X RRR ===> 1.5 - 2,

so if your win/loss is around 30% target will be 2-3%
now if your win loss is above 50% then keep it around 1-1.5%


Cheers
::thumb::


Edit: Calculate win/loss from your past, actual trades

 

[augubhai]

multiple whipsaw trade. now long puts at 54.36, SL 53.3

typos and goof up

exited at 56.02

then bought 5900PE at 54.8, and exited at 52.52 (typo - actually wanted to enter Call)

now long 5900CE - 53.49, SL 50.65 - pretty late entry

 

[augubhai]

typos and goof up

exited at 56.02

then bought 5900PE at 54.8, and exited at 52.52 (typo - actually wanted to enter Call)

now long 5900CE - 53.49, SL 50.65 - pretty late entry

partial exit 62.95, Sl for rest 54.3

 

[augubhai]

partial exit 62.95, Sl for rest 54.3

partial exit at 73.65, Sl for rest 58.15

 

[augubhai]

partial exit at 73.65, Sl for rest 58.15

out at 87. MTM +0.56%