Home > Uncategorized > Not so Good Friday..

Not so Good Friday..

Cut short my trading week by 1 day. Anyway it has been a pretty hectic week in trading. Week opened with 3 consecutive losing trades and subsequent consecutive wins until Thursday.

Roller coaster, they say. So long as you have a iron-clad risk management policy in place, you will definitely enjoy your ride.

Did a brief re-run of my past 3 weeks trade data and discovered the below:

Findings: There were 2 EURJPY trades (losses)>2% of account.

Explanation: I had not factored spreads into the stop loss. I.e. 20 pip stop loss = 2%, add in 2 pip spread becomes 22 pips and risk is out of proportion.

This is why you need to do a regular review of your trades whereby you will spot anomalies as such.

Will have a proper look at the data over the weekend.

Since today is essentially a trading holiday, I’m gonna take this opportunity to accomplish more on my day job.

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  1. weihong
    April 23, 2011 at 12:19 AM

    yo care to share how you review ur trades? Sth like “enter into trades with more than pre-defined risk”, “enter trades with less than 20pips from resistence/support/ pivot pt.” etc.

    Review of ur own posting is really awesome. fastest way to grow. i need to do up one too…

    • April 24, 2011 at 3:31 AM

      Sure man. Will post about it tomorrow.. Havent had time to do it up this weekend.. haha..

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