Hi,
It's always the same story: I start to have a winning streak and I think I'm the King of the World and can predict future FX rates. With 2 trades I lost arround 25% of my account, instead of the 3% I would loose if I followed my own rules. WHAT A LOOSER!
Apart from these 2 stupid mistakes I had a great month, so I only lost 4,5% of my account in October.
November has been a very jumpy month. I recovered a susbtantial part of my (equity) losses, that were far greater than the balance losses), but in the last week until wednesday I gave everything back to the market, and some more. From Thursday until now I recovered part of this losses and gained a new insight about my trading aproach. I will try from now on to focus on not to trade until I'm 90% sure that I'll win and after 40-50 pips in profit put the SL in the open price.
10-08 2,4%
11-08 -46,7%
12-08 -37,5%
01-09 -0,7%
02-09 -0,3%
03-09 -0,9%
04-09 -14,8%
05-09 43,8%
06-09 -15,5%
07-09 -8,5%
08-09 -8,6%
09-09 12,2%
10-09 -4.5%
11-09 -3,3%
Good trades,
JFonseca
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