results 2008 11 06

I´m getting closer and closer to the finalisation of the exact strategie boundaries but today trading action was definitelly the worst of this week. I overtraded and made 29 trades in 7 different stocks. This sucks and i´m not there yet where i plan to be. The good news is, that i was never below -3R today so i had no reason to stop before. But i made more then 12 Trades, this realy sucks.

One thing i´ve seen today again, was that i will have to change my point of view regarding the risk reward ratio. while the calculation in R is definitely the way to go, the RRR can be most time better then 1:1, even bettern then 1:2.
I´m not sure yet, if i should use a fix initial target or if i shouldt lower my risk in a 2way action.
One way could be to set the stop in the beginning, trail until b/e and let it run the rest of the time, or trail the risk stop in the same way but taking profits from a lower time frame in case the stock is reversing a litte and preparing to get a new and better entry again.

My plan for tomorrow is to trade the rules and to let profit run more and more when its offered.