Before the year comes to a close, I’ve decided to run a quick review of my forex trading performance for the last quarter of 2014. Here are my numbers!
|DATE||TRADE IDEA||P/L in pips||P/L in %|
|Oct 9||CAD/JPY Forex Retracement||+150||+0.63%|
|Oct 16||USD/CAD Support at 1.1200||Canceled||Canceled|
|Oct 22||EUR/NZD Selloff to Resume?||-275||-1.00%|
|Nov 3||NZD/USD Forex Retracement||+100||+1.00%|
|Nov 11||AUD/USD Retracement to .8700?||+150||+1.50%|
|Nov 13||EUR/CAD Pullback to Broken Support||-100||-0.50%|
|Nov 24||GBP/NZD Double Top||-500||-0.50%|
|Dec 9||GBP/CAD Retracement Play||Canceled||Canceled|
|Dec 11||NZD/USD Falling Channel||Canceled||Canceled|
|Dec 16||Long-Term Forex Correction on NZD/JPY||Canceled||Canceled|
No. of Trade Ideas: 10
Trades Triggered: 6
No. of Wins: 3
No. of Losses: 3
No. of Break Even Trades: 0
Win %: 50%
Average Gain Per Winning Trade: 133.33 pips / 1.04%
Average Loss Per Losing Trade: –291.67 pips / -0.67%
Total P/L: -375 pips / +1.13%
I gotta admit, I was more busy than usual during this quarter, leaving me with less time and energy to focus on my trades. I was able to spot a few good setups here and there but I haven’t been able to wait for confirmation or manage my open positions properly. It ain’t easy juggling that with prepping for Thanksgiving dinner and shopping for the Christmas season!
What I’m proud of though is my decision to take it easy and refrain from forcing any forex trades. I did learn the hard way in the past years that half-baked trade ideas are better not taken at all so I took extra precaution in reminding myself to sit on my hands if I wasn’t feeling in sync with the markets.
Got any tips on how I could improve on my trading next year?
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