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Overall, the first quarter of 2012 was very harsh to me. I had 10 total triggered trades for the period – four ended up as winners while the remaining six were all losers. The end result was -143 pips, or -4.60%. Below is a table of all the trades that I took.

Date Triggered Trades Gain/Loss
1/05/2012 Retracement Play on GBP/USD -50 pips/-1.00%
1/12/2012 Two Plays on GBP/USD -50 pips/-1.00%
1/19/2012 Support-Turned-Resistance on EUR/USD -55 pips/-1.00%
2/1/2012 Play the Range or Ride the Trend? +100 pips/+0.50%
2/21/2012 Inverse-Head-and-Shoulder-Trade on USD/CHF -55 pips/-1.0%
3/1/2012 Catching the Dollar Rally on EUR/USD +170 pips/+1.50%
3/7/2012 GBP/USD: Entering on a Retracement -27 pips/-0.6%
3/15/2012 EUR/USD: Trading the Falling Wedge on EUR/USD +8 pips/+0.00%
3/21/2012 GBP/USD: Playing the Range -122 pips/-1.00%
3/29/2012 EUR/USD: Long at the Trend Line Bounce -62 pips/-1.00%
Total -143 pips/-4.60%

What I Did Wrong

I think my main problem is that I do not manage my trades properly and that I pick the worst reward-to-risk ratios. In most of my losing trades, my account took the whole 1% hit, but when I win, I only got 1.50% at most. There was even a time when I only won half a percent despite earning a cool 100 pips.

That being said, I promise to improve on both these aspects for the upcoming quarter. When I put on a trade, I won’t stop watching it after I get triggered. I will continue to monitor it and make adjustments as it unfolds. In other words, I will get rid of my “set and forget” mentality.

In addition to this, I’ll be more sensitive to the reward-to-risk ratio. Since I am swing trading most of the time, I believe this is of utmost importance. I shouldn’t be afraid of going for 3:1 or even 4:1 ratios.

Okay, that’s all I have for ya’ll now. Tomorrow, I’m going to show the stats for the HLHB Trend-Catcher 3.0 for the first quarter of 2012.



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