Weekly Trade Summary: Jan 8-14

Three trades were executed this week. Two trades were closed and one trade was opened:

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The corresponding entries for the two trades that were closed are shown below:

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As I mentioned in my last weekly summary, I am in the scaling up phase. The trades that were closed were 2-lots, and the trade that was opened was a 3-lot. I plan to move from 2-lots to 3-lots this month, and will move to 4-lots by late March or early April.

Five trades have been closed this year...all profitable.  Based on the statistics for these trades, I'm overdue for a losing trade.

I currently have six trades open.  One expires on Feb 3, and the other five expire in March or later.

Total defined risk for my six open trades is currently 35.1% of the account net liquidation value. This is a little higher than I would like right now, but this is due to two non-core trades that will profit if the market moves down. These two non-core trades are using 9.4% of the account net liquidation value. The Feb 3 trade is using 5% of the account net liq, and would normally be closed by now, but will perform well if the market drops 2% to 4% by Feb 3.


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