Top performers 1-10!
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- #87
- Jul 29, 2016 3:54pm Jul 29, 2016 3:54pm
- Joined Jul 2013 | Status: Trader | 2,059 Posts
And finally... 81-99, and there I am clocking in at #85, lol 
- #90
- Jul 29, 2016 4:50pm Jul 29, 2016 4:50pm
- Joined Jul 2013 | Status: Trader | 2,059 Posts
brief weekly review of my account performance...
The good
1) 50% increase!
2) greater than 50% win rate
Needs improvement
1) One day, I tried a new approach before I was comfortable enough with it, and got close to a margin call. I need to stay in my comfort zone, and not "test" out new ideas with a live account.
2) Another time, I accidentally entered a 1.8 lot position size, when I meant it to be .18, and could have ended up with a big loss. Need to be more careful with my "typing" the order size and confirm it before buying/selling or I could end up with serious damage to my account.
3) Maximum loss is greater than max-gain. Will look to either improve this, or build confidence in my greater than 50% win rate
Words of caution
Overall negative in pips won could be an issue, but I think it may also be because of my mix of intra-day trading and longer-term trading. Due to the smaller positions and bigger pip losses with the higher time frame trading, being positive in pips may not be necessary. Main thing is dollar amount/percent of account risked/gained. But I'll be monitoring this in the days ahead to try and stay in green, and if I note it's a problem, will need to make some adjustments...
The good
1) 50% increase!
2) greater than 50% win rate
Needs improvement
1) One day, I tried a new approach before I was comfortable enough with it, and got close to a margin call. I need to stay in my comfort zone, and not "test" out new ideas with a live account.
2) Another time, I accidentally entered a 1.8 lot position size, when I meant it to be .18, and could have ended up with a big loss. Need to be more careful with my "typing" the order size and confirm it before buying/selling or I could end up with serious damage to my account.
3) Maximum loss is greater than max-gain. Will look to either improve this, or build confidence in my greater than 50% win rate
Words of caution
Overall negative in pips won could be an issue, but I think it may also be because of my mix of intra-day trading and longer-term trading. Due to the smaller positions and bigger pip losses with the higher time frame trading, being positive in pips may not be necessary. Main thing is dollar amount/percent of account risked/gained. But I'll be monitoring this in the days ahead to try and stay in green, and if I note it's a problem, will need to make some adjustments...
- #94
- Jul 30, 2016 8:43am Jul 30, 2016 8:43am
- Joined Jul 2013 | Status: Trader | 2,059 Posts
Bigger profit with smaller account seems simpler. With my acc, 1,8% profit in a week is ok (when i am still learning). But my ultimate goal is around 2,5 - 3.5 % a week, because I like small risk better. Have my own trading style that no one understands. Overall, good pips hunting to all
I think I could load up my account with 5-10k and easily make a living. However, I also think it would be much less pressure to have 100k and risk much less percentage-wise, yet make more money.
However having said that, my experience tells me, that for me, there's no need to load my account with much money. Just grow it until the account balance reaches a level which is comfortable for me to maintain the balance and withdraw enough profit periodically to live on, without undue pressure to trade...
- #97
- Jul 30, 2016 2:02pm Jul 30, 2016 2:02pm
- Joined Nov 2012 | Status: Coder | 8,521 Posts
And finally... 81-99, and there I am clocking in at #85, lol
Try don't lose pants never...
- #100
- Edited 3:07pm Jul 30, 2016 2:39pm | Edited 3:07pm
- Joined Nov 2012 | Status: Coder | 8,521 Posts
Try don't lose pants never...