2nd week stats - LIVE
by, 18th-September-2008 at 05:39 PM (3380 Views)
Well that was a terrible week. No other way to describe it. I began the week 7.7% up on my initial account balance and after slaughtering it finished only 1.2% up. Lost a total of 46 pips this week
All my stats are now pretty terrible. Im going to spend the weekend working out what was so different between the 1st and 2nd weeks.
I know what i need to do i just struggle with the discipline/execution:
1. DONT TAKE STUPID TRADES.
2. Cut losers shorter.
3. Get my hit rate up (55% is woeful for this method). Looking to get to at least 75%, but it will be a long slow process to get there again.
So here is my plan of attack:
1. Go back over my previous 2 weeks charts and try and pick the difference.
2. Only look for the high prob trades where the market is moving a lot.
3. If i feel the slightest bit uncomfortable: dont enter a trade
Im going to have one more week on the E/J to see if i can have a better one, otherwise i might need to re-evaluate and move back to the E/U, where the spread is less, but so are the moves...
Comments/critiques most welcome.
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