4:00pm Flip, turn, and push. 1 Down; 3 to Go
First, with respect to today's trade, I never could get my head into the game despite strong VIX and TICK signals as it was apparent early on that I was going to be a step too quick or a step too slow (nothing to do with the market as always, it was just me). As a result, I essentially passed on taking another hard stroke into the wall and took a mental day off for the most part with a very modest +6K chip gain, which was largely the result of trading the opening oscillation and 3:15-3:30pm sequences well (yes, I got off the 3:30pm bus well before late-to-the-game buyers got crushed).
And so it's time to lock in Q1 performance which now sets the pace for the remaining three laps, and take one brief look at the 2009 starter leg by first clocking in March, followed by Q1 and the all important pace figures at the end.
Daily Gains: $210,570
Daily Losses*: ($9,761)
Net Profit: $174,656 - 'Bout time; 3rd best behind '08 Sep & Oct.
- Days: 21-1
- Daily Gains/Losses: 22-1
Contracts Traded: 46,738
Daily Gains: $462,703
Daily Losses*: ($43,569) - Yes, February 10th will haunt me all year.
Net Profit: $348,461
- Days: 58-3
- Daily Gains/Losses: 11-1
* Note there's a difference between these figures and my daily narration as daily gains or losses shown here reflect the day's activity booked by product. For example, in the case where I lost on Eurex for the day which was more than offset by U.S. gains, the Eurex trade will be included in the loss figure here while the daily narration would talk only to the net of all products.
Net Profit Pace (vs. Continuing Annual Goal of $1,000,000)
- Last twelve months: $1,650,992
- Jan-Mar annualized: $1,393,844
Observations? Not many as it's just 25% of the year and a tiny three months in a trading career (never forget the Svithjod Rock post). Nevertheless, it was nice to see a decent March after spending much of Jan & Feb trying to get the dang engine restarted after the 2008 race ended.
Yet as always, it's now history and 100% irrelevant, and in my view I enter tomorrow as I do every day ... far behind and coming off the worst loss of my life.
Now the real work begins.
Flip, turn, and push.