Please review my performance.

Hello,

I've been trading from past 2.5 years & still I'm not satisfied with my performance. My last three days trade details are below:

# of trades in last 3 days: 19
# of win trades:11
# of trades with loss: 8
Account size: $1000
10k lots

After these trades my profit is $"78'

Normally at the end of month I walk out with 300 to 350 dollars.

I know almost all the aplication of fundamental and technical analysis but still most of the time i loose.

Tell me what should I do to improve?

Calculating in terms of how much dollar you earn doesn't make much sense. But if you recalculate it as % you'll see something different. Your performance based on a few days doesn't add much either. Rather tell your (monthly/quarter) yearly numbers.

Also, 19 trades in 3 days sounds like a lot without knowing anything about your system.

If these are the kind of results you get regularly then your on to something good. Your not happy with 30% a month?

Ps. I dont beleive you have been trading for anything over 6months.

Well, its my first thread in this forum so I was not expecting that much response from you guys thats why I kept it small & simple.

Actually the problem is that its my 3rd account. After busting the other two I seriously started learning forex. {From www.babypips.com & other online websitesn including mataf.net}

On January 22nd 2009 I opened up another live account with fxcm, this time it went well and at the end of the month (22nd feb 2009) I had profit of $311. After 22nd feb I traded for 3 day including today. But today I run the report on the trading platform and come to know my win to loss ratio. It is quite good as compared to the previous period BUT the thing clicking in my mind is that if today my win to loss ratio is 50:50 so it just needs a single bad position to make me stand in loss, so thats why I was asking for you guys help on how to reduce this loss ratio! I guess no more forex online education is helping

& Yeah if you just talk about online trading on live account than my experience is not more than 4 to 5 months.

Sorry for bad English skills, its not my mother toung.

How I trade:

"Trading News Events"
I do not use forex factory or other website (paid or free) on the internet to trade news. I've a very simple system: At the exact time of new I just start watching candle stick chart of any timeframe and see that moment is no which side & just take a trade {This thing almost works for me} [I know its not the right way to trade new, I do know the right way but I love the way I do with news

"Trading technical Analysis"
I first choose a period of time on which there is no data coming into the market. Than I findout support and resistance level manually & recheck them with www.mataf.net {90% they have correct support & resistance level} than if market is going up and its near to break a resistance level than i place a market order above resistance level, which is usually 15 pips high.


"Proper technial analysis"
I know how to use Bollanger band, fib, pivot, elliot wave & almost all the technical indicators and ossilators but when i trade with these indicators mostly i loose so thats why i try to avoid & go with the above two stratagies developed by me

More important than the win to loss ratio is the risk/reward ratio (how many pips are you risking on each trade vs. how many pips do your winners get).
For example, if you gain 3 times more pips than what you risk (R/R 1:3) you could have a win/loss ratio of 30% winners and 70% losers and still be in profit.

Also, you can't evaluate the win/loss ratio on a single day, as you could hit a winning streak that last for a while, or the inverse, making it 100% win or 100% loss... so you should evaluate your system results on a wider range of trades.