Overall, 2011 was a good year for me. I may not have found a boyfriend but at least I’m ending it with my trading account in the green. Yay! Besides, who needs a boyfriend anyway??
I had a total of 19 triggered trades for the year. 11 of those ended up as winners, 7 as losers, and my very last trade for the year closed at breakeven. Consequently, this translated to a 2.75% gain on my account.
| Date | Triggered Trades | Gain/Loss |
|---|---|---|
| 1/20/2011 | EUR/USD: The Trend is My Friend | 0.57% |
| 1/25/2011 | GBP/USD: Trend Line Break | 0.55% |
| 2/9/2011 | Possible Long Trade on USD/JPY | 1.65% |
| 2/17/2011 | EUR/USD: The Perfect Setup? | -1.00% |
| 3/1/2011 | USD/JPY: I Bought! | 0.65% |
| 3/9/2011 | EUR/USD: Is 1.4000 a Top? | -1% |
| 4/26/2011 | USD/JPY: Going Against the Trend | -1% |
| 5/9/2011 | EUR/USD: New Yearly Highs in the Making? | -1% |
| 5/12/2011 | Trading the News: U.K. Inflation Report | 1% |
| 5/24/2011 | EUR/USD: Shorting on a Pullback | 0.52% |
| 6/15/2011 | GBP/USD: Buying the Dip | -0.50% |
| 6/23/2011 | USD/CHF: Short at First Sight | 0.35% |
| 10/18/2011 | GBP/USD: Triple Top Forming? | 1.34% |
| 11/3/2011 | Trading the Downtrend on GBP/USD | -1% |
| 11/10/2011 | GBP/USD: Severely Oversold? | -1% |
| 11/23/2011 | GBP/USD: Trading the Bearish Flag | 1.10% |
| 12/1/2011 | Will GBP/USD Continue Trading Higher? | 0.19% |
| 12/8/2011 | EUR/USD: Eyeing Resistance at the Falling Trend Line | 1.33% |
| 12/15/2011 | USD/JPY: Short at Major Resistance | 0.00% |
| Total | 2.75% |
I know that ain’t much. But we all have to start somewhere, right? I’m really happy that I am able to conclude my second year of trading with a gain. Now I see myself as a breakeven trader after paring the loss I incurred in my first year of trading.
I’m keeping my fingers crossed that 2012 would be a profitable year for me. Looking back on the year that was, I think I was able to address the issues I had with my trading performance in 2010. For one, I did a better job in incorporating fundamental analysis to my trades. The discrepancy between my average wins and losses also improved from last year which implies that in general, the setups I took had relatively good reward-to-risk ratios.
Over the past year, I have also become more careful with my entries. More often than not, I waited for confirmation (i.e. candlestick patterns, Stochastic hitting overbought/oversold conditions) before taking trades. This has saved me from a few fakeouts which have otherwise burned my account. Whew!
But of course, there’s still a lot of work to be done. For instance, I think I should learn how to press my trades and keep my emotions in check when I’m trading. There were times when I feel like I could’ve made more money had I added more positions or held on to my trades. Meanwhile, calmly researching about the reason behind a strong, abrupt move in price and not panicking could’ve allowed me to end certain trades with wins.
These are only a couple of things that I will be working on in the coming year. And you know what else I’ll be working on too? My HLHB System. The Trend Catcher has served me well, but I really think that it’s not the system for me. I’ve spent some time tweaking it and I’ll be ready to share it with you next year. Stay tuned!
Okay, that’s all I have for y’all now. I’m off to spend quality time with the fam bam. Merry Christmas everyone!
XOXO,
Huck
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This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.
