Well today turned out to be another nice day after a little scare there in the first 30 minutes when the markets really looked poised to continue lower. 4 out of the 7 stocks that triggered produced gains yielding a net of 2.46 R-Units on the day, well above my desired goal of 1/day. In fact, since the start of my new system the day after valentines day, I am running 6/6 on the daily PnL statement with an R-Unit total of 16.95…So far so good.

What I’m really waiting for is to see how this system performs on a bad day. Will it be one of those that just kinda has a bad day maybe losing 1-2 R-Units or will it be one of those give-everything-back kind of bad days? To early to tell, and I hope I don’t have to find out for a while to come. But until I do have that bad period, it’s hard to know exactly how to budget for the longer term expectancy/drawdown for this new system.

I hope you have a chance to read the first article of the “Root Causes of Trading Success” series that I published today. Let me know what your thoughts are on it as I’ve only heard one response yet. I’m thinking of putting it one Elite Trader just to get some more feedback from the trading community and to try to promote the site. It actually costs me money to keep this thing up and running since I’m not selling anything and so far only 1 person has clicked on a Google Ad (woo-hoo $.05!!! only 1/240000 of the way there to covering expenses :) so the only gratification I get is from seeing my readership steadily climb. And doing this does keep me honest and makes me think twice about considering a play when I know I’m going to be posting it here for the whole world to see and judge.