9/13/11 Trade Results: $110 Profit, day filled with stops

Ended the day with $110 profit. After the past few days, I decided to be very conservative with my stops. This resulted in 90% of my positions being stopped out. The problem with this is that I had 23 trades and only made a profit of $110. I had about 19 +$5 stops.

After this day, I will attempt to be more conservative with my entries and look for only high quality trades. The goal is to have that one position trade that goes in your favor and gives you the ability to average up into the position while trailing invalidation points. With a resulting move of 20+ points in the NQ.

Here is a position that I was able to average up but got stopped out of: