As I always do on the weekends, I review the losses I had for the previous week. I thought I would share the results. I may try to post these every weekend, depending on how much time this will take to type.
So this last week, I had 10 loser trades out of 71 trades over all (85.9% winners).
By the way this is from 04-03-09 so a little more then a week I guess for this data. These bad trades went as follows:
Countertrend trades = 3 bad trades
Good Trades / Bad Mgmt = 3 bad trades (all trades profitable - did not manage trade well)
Not all Signals Met Trades = 2 bad trades
Bonehead Trades = 1 bad trade (Renegade trade no rules were met at all)
Shakeout Trade = 1 bad trade (rules met / shook out / traded in tight range)
So:
30% of my bad trades were countertrend trades
40% of my bad trades were mismanaged
30% of my bad trades - I have no excuse
I will keep track of these in this format. Maybe this will me see where I need to improve. This week show CT's are bad, and I need to work on my management.
Thanks,
Lohad
So this last week, I had 10 loser trades out of 71 trades over all (85.9% winners).
By the way this is from 04-03-09 so a little more then a week I guess for this data. These bad trades went as follows:
Countertrend trades = 3 bad trades
Good Trades / Bad Mgmt = 3 bad trades (all trades profitable - did not manage trade well)
Not all Signals Met Trades = 2 bad trades
Bonehead Trades = 1 bad trade (Renegade trade no rules were met at all)
Shakeout Trade = 1 bad trade (rules met / shook out / traded in tight range)
So:
30% of my bad trades were countertrend trades
40% of my bad trades were mismanaged
30% of my bad trades - I have no excuse
I will keep track of these in this format. Maybe this will me see where I need to improve. This week show CT's are bad, and I need to work on my management.
Thanks,
Lohad