I recently updated my ScalpRate Spreadsheet to output PnL Distributions based on Time of Day and # Converging Factors. Here are my results for this past week:

I made progress on all fronts this past week. I decreased the # of 1-Factor trades from 30% down to 22%, Turned my 2-Factor trades from an average loss of $30/trade to an average gain of $30/trade , and increased my 3+Factor trades from 30% to 42% with Avg PnL from +$58/trade to +$67/trade.

Concerning the Time Distribution table. During the month of October overall, I only have 2 time periods where I have consistently shown a profit, but last week I showed a vast improvement accross all time-periods showing a loss in only 2 of them.

Based on last week’s results, this week I need to focus on:

1.) Continuing to Reduce the # of 1-Factor trades that I make (with the eventual goal of eliminating them all together)
2.) Continue to reduce my lot size & become more selective with the trades that I make prior to 10:00am
3.) Become more vigilant with the types of setups I am taking after 2:15pm and reduce my lot size & risk exposure until i am able to get those numbers consistently positive
4.) Do exactly what I did last week on all other fronts, as it was one of my best weeks ever!