Hello all,
We're at the close of another week and here's the most recent weekly update...
This past week of June 24-
50% Win, 6 Win averaging 5 pips, 6 losses averaging 27 pips, Max drawdown of 50
Past months:
8% Win, 1 Win averaging 9 pips, 11 losses averaging 33 pips, Max drawdown of 50
Week of: June 11 -- 25% Win, 1 Win averaging 20 pips, 3 losses averaging 21 pips, Drawdown will be MUCH improved at 35 pips
Week of: June 3 -- 0 percent Win, 0 Wins averaging 0 pips, 4 losses averaging an embarrassing 98 pips per day, Drawdown of 210 pips
Week of: May 27 -- 100% Win, two Wins averaging 7 pips, 0 losses (with two trades still available ), Drawdown of 10
Week of: May 20 -- 72% Win, 13 Wins averaging 10 pips, 5 losses average 19, Max Drawdown of 85
Week of: May 13 -- 73% Win, 11 Wins averaging 8 pips, 4 losses averaging 17, Max Drawdown of 65
Week of: May 6 -- 83% Win, 10 Wins averaging 8 pips, two losses averaging 25, Max Drawdown of 45
Week of: Apr 29 -- 93% Win, 14 Wins averaging 13 pips, 1 loss for 18, Didn't track Max Drawdown
Week of: Apr 22 -- 90% Win, 10 Wins averaging 8 pips, 1 loss for 17, Didn't track Max Drawdown
So far that brings the grand totals since April 22nd to:
Around 64% gain rate... I have had 68 wins averaging 10 pips a trade, and 37 losses averaging 32 pips a trade for a total LOSS of 517 pips with a mean of losing 52 pips per week since inception.
This week I heard (and intend to improve ):
This week was interesting... the machine itself is not horrible... but the money management demands a bit of work. I am still taking larger losses than I need to. I am really focusing on what I did the initial 5 months when I had been up 400 pips.
I exchanged with less regulations. I took wins. Losses that were smaller were taken by me. I had been at a win percent of about 80.
I am working to that end again. July is getting to be a mad busy month for me and so I will be focusing on my trading window during the day hours and early morning hours.
I am not going to give as detailed descriptions of my trading either. I believe that will arrive in time. Right now, I started this diary following an extremely successful 5 weeks thinking I could only down exactly what I had done to replie that result.
What I believed I was doing... I clearly was not. The rules I make myself align to are not helpful to me. I need to be a bit more flexible right now and will allow myself that room.