Trade Log

About Me

My Photo





I was trading for 2 years, and gave up after what it seemed like the world was just stopping me from winning!

I'm now revisiting my goal of making money from the E-mini market with a starting capital of $3,000.

Please know that I am not attempting to teach anything nor sell anything here. Trading is risky business. It's a common believe that 80-90% of traders lose money

Labels

Week 6: Summary

Saturday, September 12, 2009

Week 6 turned out to be a pretty good week.

It's the best week yet, thanks to the extra 1 lot that made the difference. When I get to a $4k profit, I'll be adding on another lot.

I did face a psychological problem in executing the trades -- on both entries and exits. There were hesitation in pulling the trigger, and I made many premature exits due to fear, and entirely missed some exits due to greed! In trading, having your emotions dictate your actions is one of the worst things that can happen. So I'll have to address them for next week.

Here are some stats: -

4 Winners
2 Losers
3 Breakeven

Largest losing streak = $150.00
Largest loser = $150.00
Largest winning streak = $975.00
Largest winner = $600.00

Week 1: +$325.00
Week 2: +$862.50
Week 3: +$150.00
Week 4: -$337.50
Week 5: +$1,037.50
Week 6: +$1,075.00

Total P/L = +$3,112.50 (31% of $10k target)

0 comments:

Post a Comment