Friday, January 29, 2010

weekly review (monthly review.)

1/4/2010 14
1/5/2010 28
1/6/2010 16
1/7/2010 19
1/8/2010 42
1/10/2010 19
1/11/2010 -119
1/12/2010 61
1/13/2010 19
1/14/2010 -8
1/15/2010 47
1/17/2010 -146
1/18/2010 15
1/19/2010 39
1/20/2010 6
1/21/2010 16
1/22/2010 26
1/25/2010 -195
1/26/2010 41
1/27/2010 175
1/28/2010 7
1/29/2010 -59

Total of 63 pips in 22 trading days, my target was 200 pips acutally, missed big way. My stop is -400 pips, it was reached by unrealized loss on 1/25, but didn't hit on realized p/l. Again, if I hit that, I will go back to half of the size.
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5 comments:

  1. PRD traderJanuary 29, 2010 at 8:37 PM

    Hello frind,Nice blog,i quite don’t understand why the dotes are so frequent on the charts. What I have learned so far is managing trades is the most important element in any trading. Most traders do not have fixed rules for MM. Partial profit taking can save a traders from anxiety and letting the rest of the position run till the MM said close it can built the career in trading.
    PRD trader
    http://daytradingprd.blogspot.com/

    ReplyDelete
  2. BlackJanuary 30, 2010 at 3:17 AM

    great review RCM, im looking in my position sizing the next month. lets strive for the better nxt month!

    ReplyDelete
  3. Trader32February 1, 2010 at 10:07 AM

    Hi,

    Well done on the 63 pips. Just scanning your results, it seems that when you do have a losing day, they are much bigger than a winning day. Would it be worth having a trading limit, whereby you stop once you are -70 pips or so? That way you could reduce those -1xx losing days and make it easier to recover.

    Trader32
    www.trader32.com

    ReplyDelete
  4. Risk Control MasterFebruary 1, 2010 at 10:45 AM

    Thanks for advice Trader32. I will put that in my weekly goal and see how it works.

    ReplyDelete
  5. FX chartsFebruary 1, 2010 at 4:51 PM

    I wonder if your winning days results are part of the strategy/way of trading-strategy that let you have a big losing days.In another words you can't have one without another.
    In another words you cant just limit your risk on losing days without affecting your rewards on winning days.For example if you average down and most of the time market let you get away with it(you avoid taking loss),now that you for example use fixed stop loss(lets say 15 pip)you will have no blow out days,but more small losses.
    Just a thought.
    Alex

    ReplyDelete

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