As for my trading performance this week, I am a little disappointed. I had 52 trades. 35 winners 17 losers for 68% win percent. I had a couple of discipline lapses, but I netted 48 pips. Made a decent weeks pay. Have to really focus next week and try and hit 80%.
The thing I like about this type of trading is, if you can stay fairly consistant in your performance, and if you want a pay increase, simply increase the number of lots you trade. Example: if you averge 50 pips net per week and are trading 20 mini lots, you would make $1000 for the week. Want to double that to $2000/wk? Simply increase to 40 mini lots per trade. (that's just an example). Another thing I would like to point out is that I trade all-in and all-out. I don't scale in or scale out. If I'm trading 20 lots then I enter @20 lots and take my profit by exiting the @20 lots. I like to make and take my profits quickly.
JohnFX
The thing I like about this type of trading is, if you can stay fairly consistant in your performance, and if you want a pay increase, simply increase the number of lots you trade. Example: if you averge 50 pips net per week and are trading 20 mini lots, you would make $1000 for the week. Want to double that to $2000/wk? Simply increase to 40 mini lots per trade. (that's just an example). Another thing I would like to point out is that I trade all-in and all-out. I don't scale in or scale out. If I'm trading 20 lots then I enter @20 lots and take my profit by exiting the @20 lots. I like to make and take my profits quickly.
JohnFX