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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