Trading Review

Published on Wednesday November 30th, 2011 at 03:38AM by Brad

I've done nothing but struggle lately. I was up about 20 percent on my current account which has been running for quite a long while. Guess what, I have a 20 percent drawdown. I am about breakeven on the account. I think I took a few too many trades I shouldn't have. I am continuing to work on getting my strategies worked out so that I only trade when it is good for the strategy. I'm certainly not making my 10 percent a month goal lately. But, I'll just keep on working and practicing and learning. It's a tough market lately. I feel as though I just make too many trades when the trades just aren't really quite good enough, and they sort of follow the rules, but they just aren't quite the really high percentage opportunities. In other words, trading when I really should just leave it alone. Luckily, I don't rely on trading for my living and I have plenty of capital.

7 comments

On Thursday December 1st, 2011 at 12:43PM by Wilson - Like - 0 People

What is a good trade. 30 50 100 200 pips? From your mt4syn account I would say your not doing bad.

but what has happen since the 9th of Nov. I will soon trade my real accounts exactly like my demo mt4 syn account. That way, I have a true reflection on meetpips what my real and demo accounts are doing since they will mirror each other.
On Thursday December 1st, 2011 at 12:45PM by Wilson - Like - 0 People

Did you change the dates in your mt4 account?
On Thursday December 1st, 2011 at 02:59PM by virgiliolayug - Like - 0 People

Glad to hear that you're not letting the drawdown get you down too much. I also took a hit recently on my account, but doing much better this week. Good luck!
On Friday December 2nd, 2011 at 05:52AM by Brad - Like - 0 People

No, I was working on trading a short term trading system I was developing, and I went way up and then back down in a pretty short period of time. Short term is interesting, and you can make a lot more much quicker, but you can also lose a lot more trades a lot quicker as well.
On Friday December 2nd, 2011 at 05:57AM by Brad - Like - 0 People

I also hadn't put every trade in my account on the journal. One kind of annoying things is seeing 100 trades from someone on this site, no comments. What does do for anyone?
On Friday December 2nd, 2011 at 06:10AM by Brad - Like - 0 People

I exposed some recent ones, and then when I made some more losing trades, I didn't go in and expose those at least yet. I should probably get better about exposing my trades and commenting on them. But, seems like journaling should not just be people putting all their trades on here. But, should be people putting on trades, explaining them, talking about them, etc. Putting their trades on here should be more for themselves, understand their trading, improving their trading. Not just to show to other people.
On Friday December 2nd, 2011 at 01:36PM by Wilson - Like - 0 People

I am with you on the above. I do hate seeing 50 trades with NO meaning attached to them. Whats the point. Glory in ones self. MY God. Anyways Brad, thank you for letting me know. So, are you trading both demo and live? I am not much for writing unless I really need to say something. Looks like you have the gift of the gab, and I mean that in a good sence. CHEERS BRO