OOPS Conclusion

Here is the final outcome of the OOPS post from a few days ago. On the chart here, it can be seen that the new trade entered yesterday was exited today (red carrot that is tough to see).

This trade resulted in a 30/32's profit, more than making up for the 9/32 loss that the original "What a dummy" trade.

The moral of the story, just to restate it, is the original entry on the short side that appeared to be a poor entry at the time did in fact turn out to be.

However, by following the same system that generated that entry, and reversing to the long side, a profit of more than 3 times the loss was achieved. This was not great for the ego, as 1 out of 2 is not a great ratio. However, I trade for a profit, egos need to be left at the door. A profit of triple the loss works out very well in the bank accounts.

YTD the system is now 15/18 and over $4,000 per contract in profits. It would be hard for anyone to convince me not to follow the next signal without question!