Hate to have a day like today. I put in a couple scalp plays early, but left and didn’t look back after 11 AM. My picks didn’t do much at all today. Not much I can say really other than it looks like the start of my system’s payback cycle. Hopefully this one is shorter than the last one, but I’m actually curious to see since last time it lasted about 6 trading days 3/13 to 3/20 (losing about 5.5 R-Units) with the most recent payout cycle running from 3/21 to 4/11 (gaining about 18 R-Units).

Nice timing actually, since Tradestream Global announced yesterday that they are going out of business as of Tomorrow. TSG is the company that I’ve been getting my charts from. So today I was scrambling around to open up a Tradestation Account. Looks like I’m finally going to have to bite the bullet and get Tradestation. I’m excited and overwhelmed at the same time as it always takes a little bit of time to get used to a new platform, especially one as powerful as Tradestation. I’ll now have access to a host of tools that TSG couldn’t even come close to.

That said, I will likely not have access to Tradestation until this weekend and will be taking the next couple days off to go on vacation with my wife. So
A.) I get to hopefully avoid my next payback cycle
B.) I don’t have access to good charts anyways (unless you consider those crappy charts offered by Interactive Brokers) and
C.) I’m looking forward to a little break as I prepare for all the studying i’m going to have to do next week to get my feet under me with Tradestation

So have a great weekend and happy trading!