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!
Trading Performance
| 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!
Cheers,
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