Woah, time flies when you’re catching pips, huh? Now that the first quarter is over, it’s time for me to give y’all a quick update on my forex trading performance so far. Here are the numbers:
|DATE||TRADE IDEA||P/L in pips||P/L in %|
|Jan 7||AUD/USD Descending Trend Line||+80||+0.80%|
|Jan 14||EUR/AUD Short-Term Pullback||-50||-0.50%|
|Jan 22||Another EUR/AUD Retracement||0||0.00%|
|Jan 28||AUD/CAD Long-Term Reversal||0||0.00%|
|Feb 3||USD/CAD Trend Pullback||-200||-1.00%|
|Feb 10||Short-Term AUD/USD Pullback||Not triggered||Not triggered|
|Feb 24||USD/CAD Descending Triangle||+150||+1.00%|
|Mar 2||AUD/JPY Short-Term Pullback||+10||+0.10%|
|Mar 9||Hopping in EUR/NZD’s Downtrend||+600||+1.50%|
|Mar 16||USD/CAD Position Trade||0||0|
No. of Trade Ideas: 10
Trades Triggered: 9
No. of Wins: 4
No. of Losses: 2
No. of Break Even Trades: 3
Win %: 40%
Average Gain Per Winning Trade: +210 pips / +0.85%
Average Loss Per Losing Trade: -125 pips / -0.75%
Total P/L: +590 pips / +1.90%
I was off to a bit of a slow start this quarter as I had one winning trade followed by a losing one, before logging in a couple of breakeven plays. But after a huge 200-pip loss and a canceled trade, I was able to chalk up three winners in a row! That pretty much made my quarter and allowed me to close in the green.
As I’ve mentioned in my latest set of trade reviews, I could’ve ended up with more gains had I managed my risk better and locked in some pips instead of watching them all vanish during a top-tier event. That aside, I think I did make some improvements with my trading performance this quarter, as I mustered the guts to manage several open positions at a time and stay in trends much longer.
Besides, my average gains in pips and percentages are higher than my average losses so I’m gonna call this a good quarter. Got any tips on what else I should work on?
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