MeetPips.com

Finally got my account (slightly) above breakeven! Phew. Let's hope I'm able to keep it that way...Thanks to risk aversion, both of my recent trades turned out to be profitable ones. Although I could've made more pips by sticking to my original profit targets, I'm still thankful that I finally finally finally made some progress on my account. Well, looking back at my trade stats for this year, I think I'm seeing some teeny tiny improvements. First, I noticed that I didn't have any losing streaks in January. Losing trades, yes. Streaks, no. I hope I could do the same this month! Another thing, I noticed that I'm able to minimize my losses. My largest losing trade (in pips and $) was considerably lower last month. Now, off to my next goal: Maximize profits!So I did stick to my promise of taking two positions for each of my trade ideas... and good thing it werrrrked! Otherwise, I'd probably be back to my extremely careful self, risking only small positions at a time. Definitely + confidence points, I say. It was a bit difficult at first though. I wanted to lock in profits immediately at my first profit target in case the price action reverses (and being a hairline close to breakeven on my account was a test of patience) so I decided to take my mind off the charts for a bit so that I wouldn't be tempted to close early. ...aaah, but I couldn't help myself so I just adjusted my profit target a few pips closer. And moved my stop. As I pointed out in my "What I Missed" entry, I need to get used to this strategy a little more. Practice practice practice. But now, it's time for the weekend! Cheers!