Before starting the last quarter of 2013 with a new trade idea, I took a quick walk down memory lane and reviewed my trades for the past three months. Without further ado, here are the numbers!
|DATE||TRADE IDEA||P/L in pips||P/L in %|
|July 2||Short Term Trend Play on AUD/USD||Missed||Missed|
|July 16||AUD/USD: Aussie Bulls in Control?||-100||-0.50%|
|July 19||USD/CAD Support Turned Resistance Play||0||0|
|July 25||Trading the UK GDP Release with GBP/AUD||-120||-0.05%|
|Aug 1||EUR/AUD Retracement Play||Canceled||Canceled|
|Aug 8||AUD/USD: Shorting on a Retracement||-60||-0.50%|
|Aug 13||AUD/JPY Doji Alert!||Canceled||Canceled|
|Sept 9||AUD/JPY Double Bottom Breakout||+225||+0.75%|
|Sept 20||Catching NZD/USD’s Bullish Divergence||-120||-0.50|
|Sept 26||USD/CAD Break and Retest Scenario||Missed||Missed|
No. of Trade Ideas: 10
Trades Triggered: 6
No. of Wins: 1
No. of Losses: 4
No. of Break Even Trades: 1
Win %: 16.67%
Average Gain Per Winning Trade: 175 pips / +0.75%
Average Loss Per Losing Trade: -100 pips / -0.50%
I’m not gonna lie… My heart is breaking because of these dismal trade numbers. While I was able to end Q2 2013 with a small gain on my account, my losses in the past three months set me back by a huge amount.
With that, I plan to take a few days off to review my recent trades a little more. I want to be able to figure out what I’m doing wrong and what I can improve on.
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