Sunday, May 14, 2006

Week 6 Summary

Profit/Loss to Date (closed positions) - $1548 loss

This week
Positions closed - 17; Positions currently open - 8
Winners - 7; Losers - 10; Win/loss ratio - 41%
Biggest Loss - $177; Biggest win - $423

In what was a very stressful week my trading success and confidence levels fluctuated wildly. I also came to the realisation that my current system (or lack thereof) is not the most efficient way to make money. The shorter the time frame the more effort is required to ensure that wins don't turn into losses. More discipline is required to keep from overtrading, which although it allows me to spread my risk it encourages poor decision-making (which includes closing positions too early due to paranoia or to free up equity - both extremely bad habits). Also, I'm sure that many hardcore traders out there would disagree, but a touch of luck is a great help when opening gaps and market indecisiveness are involved. If no luck was involved, foolproof get-rich-quick systems would have been developed long ago.

It's heartening to see that although the number of positions closed has halved compared to Week 5, the win-loss ratio is beginning to look respectable. Six weeks sure does feel like a LONG time in the trading world.

7 Comments:

Anonymous Anonymous said...

very interested in your 'er progress.

hoping your mistakes don't become mine

11:26 pm  
Blogger Trader Andy said...

heheh that's what I said when I read a similar CFD diary. I wish it was that simple.

8:36 am  
Anonymous Anonymous said...

its here

phentermine search ENGINE
phentermine
tramadol
Farm Search Engine

9:17 pm  
Anonymous Anonymous said...

Search engines try it

Casino
viagra
tramadol
cialis

3:36 am  
Anonymous Anonymous said...

Latest news. Viagra, cialis

viagra
cialis
tramadol

10:44 pm  
Blogger asif ifteakhar said...

Thank you for the great article I did enjoyed reading it, I will be sure to
bookmark your blog and definitely will come back from again.
I want to encourage that you continue your great job, have a good day

north london business opportunities
london networking groups
london business networking
london business group

3:17 am  
Anonymous Anonymous said...

YvySqp [url=http://www.monclersaikou.com/]モンクレール[/url] FhsWaz RuvIvf [url=http://www.monclersaikou.com/]モンクレール ダウン[/url] EwuLov JtvNqh [url=http://www.monclersaikou.com/]Moncler ダウン[/url] IusDxk CzaGkl [url=http://www.monclersaikou.com/]モンクレール アウトレット[/url] CnnVsb VgfAoe http://www.monclersaikou.com/ YkbPdn LcyIsq [url=http://www.monclersaikou.com/]モンクレール[/url] NvcGds ClaDjb [url=http://www.monclersaikou.com/]モンクレール ダウン[/url] NmaFxl JjhHbo [url=http://www.monclersaikou.com/]Moncler ダウン[/url] LcyJgg OmrEwm [url=http://www.monclersaikou.com/]モンクレール アウトレット[/url] QgbKxm PgoIgk http://www.monclersaikou.com/ PlqVbs SedWjg [url=http://www.aggyoi.com/]アグ ブーツ[/url] TrzWpp LtvEel [url=http://www.aggyoi.com/]ugg ブーツ[/url] TpwPvn NkzKnf [url=http://www.aggyoi.com/]アグ ブーツ 激安[/url] WoxSkw GinUpz [url=http://www.aggyoi.com/]ugg ブーツ 激安[/url] ZcqUem UgmZco http://www.aggyoi.com/ AdrRdq XzkKzv [url=http://www.kutsuboot.com/]ugg ブーツ[/url] KokLfd CfuUyg [url=http://www.kutsuboot.com/]ugg ブーツ 激安[/url] FwwEzq LvjNtw [url=http://www.kutsuboot.com/]ugg ムートンブーツ[/url] NknLqo WxcXwv http://www.kutsuboot.com/ GjfYmp SqrSsa [url=http://www.monclerjp2012.info/]モンクレール アウトレットト[/url] XxkPwe QraYus [url=http://www.monclerjp2012.info/]モンクレール ダウン[/url] ObyUlg AaqHqr [url=http://www.monclerjp2012.info/]モンクレール ジャケッ[/url] XnbEie GhxTrh http://www.monclerjp2012.info/ AvjWxj YthOdb [url=http://www.downjacketsjapanonline.info/]モンクレール[/url] EnkUya EzeLub [url=http://www.downjacketsjapanonline.info/]モンクレール アウトレット[/url] GazYjk ErcJwi [url=http://www.downjacketsjapanonline.info/]モンクレール ダウン[/url] UwyJfo WsbYxk http://www.downjacketsjapanonline.info/ MvnMze

10:16 pm  

Post a Comment

<< Home