Monday, December 5, 2011

taking stock of the trades

results of last 22 trades (recent to backwards)
+26, -22, -20, -32, 0, -13, +33, +162, +38, +89, 0, -9, +31, -14, +30, +44, +46, -11, -8, +30, +72, +44

total +635, -129

net = +506

lessons = 80% of the profit comes from 20% of the trades. but since we can't be sure which 20%, we have to overcome fear and take every trade signal as per our method. also, it is not how many trades hit stop loss that matters, what matters is how less you lose in wrong trades and how you maximise the profit from the right ones! nobody feels good at the ringing of the stoploss bell. but you have to have the heart to keep listening and yet keep trading. few solid trades are worth all the pain! when you are not getting the head or tail of the situation it is either most likely not your fault and something is happening behind the curtain OR you are not in form. in both cases, stop trading for the day. (today being one of such days. and when you are going great guns, cricket ball looks like a football, keep going and turn your guns into a tank.

disclaimer = i missed some juicy trades too which don't figure in the above list. and was lucky in some which show here. being lucky as well as unlucky is also part of trading life.

No comments: