My performance after the last posting is (note:present tense) disappointing ... still red n green, red n green. it's damn irritating esp after I have posted a good performace report!
How bad? Let's just say.... very, bad enough to return every bit of $$ i have made in the past 3 months...
should i be "pan-tang" (superstitious) and not reported the decent performance? haiz....
supa vexed...
This is it! I have thrown in the towel! I have always wanted to embark on the trading journey, but I succumbed to the fear of insecurity! In view of achieving my dreams of becoming a Full Time trader, I decided to get uncomfortable and become poor! But this is only temporary... This journey will be long and travelled... but stay with me... see my trading journey and grow with me! GOAL: Be a Succesful Full Time Trader!! YAY! =D
Monday, January 24, 2011
Monday, January 3, 2011
Trading Results for Dec 2010
Pardon me for my late entry on closing month of Dec 2010 / WY2010!
Given my trading account is very small, I am still very pleased with the results for last month.
Given my trading account is very small, I am still very pleased with the results for last month.
*P.S, before u go WOWWW!
my trading account is below $2k btw.
So if u think 40% return is gd for the month, if u work back the sums,
i prob started the month with $1.2k (max) + 40% ($800) = $2k.
Shan't bore u with details on the amount of risk i take. & if u think this can be consistent, think again. In a Biz, there are low periods too... so u think u can survive on $800 a month?
my trading account is below $2k btw.
So if u think 40% return is gd for the month, if u work back the sums,
i prob started the month with $1.2k (max) + 40% ($800) = $2k.
Shan't bore u with details on the amount of risk i take. & if u think this can be consistent, think again. In a Biz, there are low periods too... so u think u can survive on $800 a month?
Since the year has concluded, I wish to set some new year trading resolutions:
1) Work on current trading account size to the amount I started the account with.
2) Cont. to employ a take max profit at highest probability (no. of pips).
3) Once account recovered to pre trading amount to work on riding the trend.
4) Cont. to increase lot size to exposure of abt 5% of trading balance (of each work day).
5) Aim to achieve 8% p.w. growth on account balance (as of each week).
What i really need to do now is to calm my nerves when trading, relax, +ve self talk, sit back n let it unfold in front of me - showing myself how Blessed i am.
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