September

So I calculated my pip tally for the month.

2847 pips.

Now as most of those pips were reductions of an initial trade, I added a weight to them to get them as a pip profit of the original trade.

X1 = initial entry size
X2 = reduction size
S1= initial entry price
S2= reduction price

so

WeightPips = (X1-X2)*(S1-S2)

so my weighted pip tally became 475 pips (including losses)

Short Cable

Took a daily short signal on cable, reduced +175, still 4 possible reductions left.

What a month. I have been a Trading machine!


edit: Cable fire sale!

reduced again +280 and +285. not bad for one day.

Updates

So I survived the first week of Calculus!

and as well I made some serious pips buying Yen, and CAD (~1100 pips to be exact).

Finding that when I stick to the rules, I make the money.


Working on MM strategy now.

Thinking No single trade over the size of the account managed.

ie.

$10 000 account @ 40:1, I trade $10 000 lots per trade, which is $250. I cover 7 pairs, so if I have a position in each that's 17.5% utilization of leverage.

If I have a 50 pip draw down per trade, and a 100 pip topside per trade thats:

(-$350) draw down a month or +$700 upside (-3.5% to +7%) which I consider a very good monthly return.

anywho, its a work in progress.

Options

Been working through Hulls book this past week...

starting to get good grasp of options, but haven't hit the greeks yet lol

still working on properties of options.

Finding Options arbitrage the most interesting of all the arbitrage situations to date, as you are basically creating arbitrage on your lower bound and keeping the upper bound to much more potential (creating a synthetic call option).