JFonseca trading journal

[JFonseca]

Originally Posted by furman

Hi J, which broker do you trade with that allows such a minute lot? What is their initial trading deposit like, and more importantly are the regulated, if yes in which conuntry?

Hi,

I'm using IntebankFX, it's regulated and their HQ is in Salt Lake City. I'm using it for almost one year and I don't have any complain. Their Client Services are very good.

JFonseca

[furman]

Hi J, Thanks. May be I try them out

[JFonseca]

Hi,



Here it is the summary of my account since the begining (02-Mar):

Total Trades......................666
Total Winning Trades...........558
Total Losing Trades...............104
Total BreakEven Trades...........4
Max Pips Won.....................359
Max Pips Lost....................-745
Avg Pips Won.......................54
Avg Pips Lost....................-284
Interest Profit/Loss...........-$0.25
Profit/Loss.....................$37,04

Wins 83,8%
Profit 13,4%

Out-08 2,4%
Nov-08 -46,7%
Dez-08 -37,5%
Jan-09 -0,7%
Fev-09 -0,3%
Mar-09 -0,9%
Abr-09 -14,8%
Mai-09 43,8%
Jun-09 -15,5%
Jul-09 -8,5%

The return to loosing months


Thanks for stopping by,

JFonseca

[JFonseca]

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

[JFonseca]

Hi,

The last part of 2009 was a disaster for my trading.

I hope 2010 will be a better year.

JFonseca