After a couple of days of number-crunching and head-scratching, I’m finally done with my trade performance review for the first quarter of 2014. Take a look!
|DATE||TRADE IDEA||P/L in pips||P/L in %|
|Jan 21||AUD/JPY Australian Jobs Release||+10||+0.01%|
|Jan 25||USD/CAD Rising Wedge Breakout||-10||-0.01%|
|Jan 31||AUD/USD Retracement Play||-25||-0.05%|
|Feb 11||NZD/USD Resistance at .8400||Missed||Missed|
|Feb 19||AUD/USD Support Turned Resistance||-150||-0.53%|
|Feb 25||AUD/CAD Short at Parity||Canceled||Canceled|
|Mar 6||USD/CAD Countertrend Setup||Canceled||Canceled|
|Mar 11||NZD/USD: RBNZ Rate Hike?||Canceled||Canceled|
|Mar 27||USD/CAD Triangle Breakout||Canceled||Canceled|
No. of Trade Ideas: 9
Trades Triggered: 4
No. of Wins: 1
No. of Losses: 3
No. of Break Even Trades: 0
Win %: 25%
Average Gain Per Winning Trade: 10 pips / 0.01%
Average Loss Per Losing Trade: -61.67 pips / -0.20%
Ugh, not happy about my trading performance for this quarter at all! If you take a look at my first few trades of the year, I guess you can say that I was off to an okay start as I was able to exit early when I had to or move my stop to entry to minimize losses.
However, things took a really bad turn when I chalked up a full loss on an AUD/USD short in February then decided to play it extra safe with my next trade ideas. So safe in fact that I didn’t even take the setups at all! A couple of those could’ve been profitable ones had I mustered the courage to take the risk but I think I really need to work on reviving my trading confidence at this point.
Got any other tips that could help me improve my trading this second quarter? Let’s hear ’em!
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