Total gross profits: $-162.50 -3.25 ES points
Total trades: 11 [1 scratch]
Execution score: 83.0%
Opportunity cost: $-112.50 -2.25 ES points
Down nearly -8 points by around lunchtime due to a miscalculation about being in a trend day, I decided it was time to call Rogue Grove into action, and see whether all those comebacks days are real or luck.
But there's one change I made -- Rogue Grove got the keys to drive only after a valid trade setup had already been executed. I believe that helps to control Rogue Grove from ever going berserk on a revenge trade run.
Rogue Grove almost did it
In other words, he didn't get to call the shots for what trades to enter, only how to manage them once the bus was on the road. And although Rogue Grove didn't get me back to breakeven (he recovered almost +5 which was more than 50% of the losses), there was a really good chance he could have done it.
The next to last short trade went nearly +4 (bringing me just about to breakeven), but was closed out for +1.50 (Good Grove's call). And then the trade went as much as +6.50. Therefore, a breakeven or even a profitable day was well within reach.
Negative opportunity cost (which is good)
And another sign that Rogue ain't so bad (when kept under control) -- he had a $-112.50 opportunity cost, which means that had I followed the proper rules, the loss on the day would have been $112.50 greater. So this is an instance where breaking some rules (taking a hit on the execution score) and using Rogue's intuition actually worked.
More time needed
I realize that one day does not a trend make, so I'll carefully introduce some elements of Rogue Grove into the daily trading as we move forward. At this time, it will be primarily to manage a trade after the entry has been properly executed. I'll continue to monitor the performance closely, and then determine how/if I will modify my trading plan.
Never gave up, never stopped believing
So this was yet another example of a day where I never
gave up, never stopped believing, and nearly had a complete recovery from my losses.
These types of days help to boost my confidence and makes me believe even more. Now the real trick will be to turn that "comeback switch" from the very first trade of the day, long before I'm underwater.