Pippin Aint Easy- Trade Record

Pippin Aint Easy Trade Record

Cumulative Stats  
Total: +578 Pips
Number of Trades: 38
Number of Wins: 24
Number of Losses: 13+1(breakeven)
Win % 65%
Average Win 47
Average Loss 43

 

May 2007  
Apr 30 – May 4  
7th-11th -60
21st-25th  
28th – June 1st  
Total: -60 Pips
Number of Trades: 2
Number of Wins: 1
Number of Losses: 1
Win % 50%
Average Win 90
Average Loss 55

 

April 2007  
2nd-6th +35
9th-13th  
16th-20th  
23rd-27th  
Total: +35 Pips
Number of Trades: 2
Number of Wins: 1
Number of Losses: 1
Win % 50%
Average Win 90
Average Loss 55

 

March 2007  
5th-9th +210
12th-16th +110
19th-23rd No trades!
26th- 30th No trades!
Total: +320 Pips
Number of Trades: 3
Number of Wins: 3
Number of Losses: 0
Win % 100%
Average Win 106
Average Loss 0

 

February 2007  
5th-9th +20
12th-16th -40
19th-23rd +18
26th- Mar 2 +40
Total: +38 Pips
Number of Trades: 11
Number of Wins: 6
Number of Losses: 5
Win % 54%
Average Win 36
Average Loss 36

 

January 2007  
1st-5th +155
8th-12th -40
15th-19th -45
22nd-26th +115
29th-Feb 2 +60
Total: +245 Pips
Number of Trades: 21
Number of Wins: 14
Number of Losses: 6+1(breakeven)
Win % 70%
Average Win 36
Average Loss 44

 

9 comments

  1. Machavelli

    I am new to Forex Trading in fact a total novice, was introduced to it by a Friend of mine who is a senior executive at an International Bank, I am curious as to how you developed the confidence to actually start trading with Real money how long it took you and whether you have to live before your computer before you start to realise real gains. Above all I am curious to know how you garner the knowledge on these baskets of currencies since this realistically means to me that you will have to read numerous economic reports forecasts and be able to spot economic trends and keep your eyes and ears peeled to economic analysis.
    For a person doing full time work how much possible is this

    Reply
  2. Machavelli

    I am new to Forex Trading in fact a total novice, was introduced to it by a Friend of mine who is a senior executive at an International Bank, I am curious as to how you developed the confidence to actually start trading with Real money how long it took you and whether you have to live before your computer before you start to realise real gains. Above all I am curious to know how you garner the knowledge on these baskets of currencies since this realistically means to me that you will have to read numerous economic reports forecasts and be able to spot economic trends and keep your eyes and ears peeled to economic analysis.
    For a person doing full time work how much possible is this

    Reply
  3. Big Pippinbigpippin

    Repetition and the ability to make decisions without “thinking” is what gives me confidence to trade the FX. The way I look at it is that you will never be 100% correct. As long as you give yourself the best probability of winning, then that is all you can do. It takes a lot of trust in yourself to trade the FX without emotions. That trust comes from repetition. Looking at charts everday and writing out an analysis. Coming up with trades and executing them. Try it..it’s alot of fun. Sure it takes time, but nobody said this was easy :)

    As far as keeping up with economic analysis, all I have to say is that I would rather keep an ear out on the overall economy than have to keep an ear out for 10,000 stocks! Fundamental analysis really only plays a big part in long term trading. I’m talking about year long positions. Sure you see spikes when news reports come out, but that is just a market reaction. The long term affects of a news report don’t show up until you zoom out and look at the long term charts such as the weekly and monthly charts.

    You don’t have to be in the markets 24 hours a day to be good at it. I just happen to enjoy it. You could definitely be a successful trader just by looking at charts just once a day, or even once a week. You just have to educate yourself, test out your education on practice accounts, and if you can make money for at least 3 consecutive months on those accounts, then you should have the confidence to put real money down, as long as you TRUST your abilities and continue to do what is you are doing, without letting your emotions get in the way. Hope this long rant helps. Happy trading!

    Reply
  4. Machavelli

    I am new to Forex Trading in fact a total novice, was introduced to it by a Friend of mine who is a senior executive at an International Bank, I am curious as to how you developed the confidence to actually start trading with Real money how long it took you and whether you have to live before your computer before you start to realise real gains. Above all I am curious to know how you garner the knowledge on these baskets of currencies since this realistically means to me that you will have to read numerous economic reports forecasts and be able to spot economic trends and keep your eyes and ears peeled to economic analysis.
    For a person doing full time work how much possible is this

    Reply
  5. Big Pippinbigpippin

    Repetition and the ability to make decisions without “thinking” is what gives me confidence to trade the FX. The way I look at it is that you will never be 100% correct. As long as you give yourself the best probability of winning, then that is all you can do. It takes a lot of trust in yourself to trade the FX without emotions. That trust comes from repetition. Looking at charts everday and writing out an analysis. Coming up with trades and executing them. Try it..it’s alot of fun. Sure it takes time, but nobody said this was easy :)

    As far as keeping up with economic analysis, all I have to say is that I would rather keep an ear out on the overall economy than have to keep an ear out for 10,000 stocks! Fundamental analysis really only plays a big part in long term trading. I’m talking about year long positions. Sure you see spikes when news reports come out, but that is just a market reaction. The long term affects of a news report don’t show up until you zoom out and look at the long term charts such as the weekly and monthly charts.

    You don’t have to be in the markets 24 hours a day to be good at it. I just happen to enjoy it. You could definitely be a successful trader just by looking at charts just once a day, or even once a week. You just have to educate yourself, test out your education on practice accounts, and if you can make money for at least 3 consecutive months on those accounts, then you should have the confidence to put real money down, as long as you TRUST your abilities and continue to do what is you are doing, without letting your emotions get in the way. Hope this long rant helps. Happy trading!

    Reply
  6. trekr5

    Hi

    What source do you use for your news reports? bloomberg? I’m in front of my computer all the time so internet sources would be very relevant for me

    Reply
  7. trekr5

    Hi

    What source do you use for your news reports? bloomberg? I’m in front of my computer all the time so internet sources would be very relevant for me

    Reply
  8. Big Pippinbigpippin

    You should probably ask this question in the forums so you can get more opinions. Brokers usually have their own news feed and it’s pretty quick so I like to use those.

    Reply
  9. Big Pippinbigpippin

    You should probably ask this question in the forums so you can get more opinions. Brokers usually have their own news feed and it’s pretty quick so I like to use those.

    Reply

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