Sunday, 1 September 2013

August 2013 trading summary

This month I managed to screenshot most of my profits and losses and successfully posted them on the end of every trade that I had this month.

2-August-2013     :      97.8  pips
5-August-2013     :  -127.2  pips
14-August-2013   :    -71.7  pips
16-August-2013   :     50      pips
16-August-2013   :     50.8   pips
21-August-2013   :   139.8   pips
22-August-2013   :       4.3   pips
27-August-2013   :     51      pips
28-August-2013   :   -23.3   pips
29-August-2013   :   -75.3   pips

Total pips for August is 96.2 pips
Ratio of my trades is 6:4

At the start of the month I should already have 470+ pips on my pocket but failed to secure the profit because of panic. I should be spending a vacation somewhere in a private island. Ahahah. Moving on, I'm still not happy on my performance for this month because of my loss of -127.2 pips and most of my profits are below 100 pips. I tried to use the dynamic trailing stoploss at the last 4 trades combined with analysis from support/resistance lines but the outcome is not as good as I expected. The last trade shouldn't have been a loss if I didn't change the amount of risk.

I haven't surpass my goal of getting a monthly profit of 100-200 pips, so it is still my goal for the month of September.

My plan is still to incorporate the support/resistance line to identify my stoploss and profit, and try again using the dynamic trailing stoploss.

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