Second October Trade

The following information is for educational and entertainment purposes only. Rio Verde Trading and the author make no claim that anyone can or will achieve similar results in their trading

October 27: Bought to open 90 IEV at 46.56, net $4,192.40.
October 30: Sold to close 90 IEV at 46.67,net $4,198.30.
Net Profit $5.90, ROI 0.28%.

Another hum drum unspectacular but profitable, just barely, trade. At least it brings my batting average back to 75%.

I will have to confess,I screwed up big time on this trade.

IEV originally signaled a buy on October 24 which was confirmed October 25. For reasons I do not wish to discuss I did not  enter the trade until October 27.

This should have been a three day trade and if I had entered the trade on the 25th, added to my position on the 26th and 27th as per my trading rules, I would have had a potential profit of 44.20 and an ROI of 2.12%.

The moral of this story is stick to the rules, take each trade as they come along, If you try to out smart the system or over think a trade, you lose.

Trading is not easy, it is mostly psychological, even I have problems sticking to my own trading rules. Learn from my mistakes.