7/10/2010

July 10th statement

This week happened to be a little unfortunate for me. I was away on Monday and missed two winners (both GU and UJ) and then on friday I put by mistake trade twice and it was a loss. So the overall result would look much differently... The results for this week if everything went as it should are GU 4 wins, 3 losses, UJ 2 wins, 1 loss so far. I hope you guys had better luck and caught all the trades!




















and my account statement as of today...

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4 comments:

  1. AnonymousJuly 11, 2010 at 10:51 AM

    Don't be too hard on yourself. You are still very much 'up' and are having the ability to accept the losses as well as the gains. I am sure that you will have a good week next week!
    Phil

    ReplyDelete
  2. SlurpeeJuly 11, 2010 at 9:50 PM

    Hi Phil,

    thanks for nice words! I am sure the next week will be better:)

    Take care

    ReplyDelete
  3. AnonymousJuly 16, 2010 at 1:17 AM

    Sturpee

    You are doing very well not giving up. Your 1 minute system may be working, but the problem is that it seems to depend on overall market conditions. If your system has lossing months and then goes up again it is normal, the problem may arise from your position size that if too big may cause lot of trouble during the drawdown. Because you are adjusting your position sizing with a fixed percent you are avoiding the risk of ruin, but still 5% to 10% positions will cause big drops in your account, and because you started with as little as $200 usd may not affect your life if you loose them all. You mentioned that you are also using the system taught by robert in Forex SST. Do you have any reason you have not stick to his rules and trade that system only?

    Thank you

    Alejandro

    ReplyDelete
  4. SlurpeeJuly 16, 2010 at 8:45 PM

    Hi Alejandro,

    thanks for posting here. You are right with what you write and that is why I desided to lower my risk as soon as I hit like 3-5k in my account or so to lower the "chopiness" and volatility on my account. I am now getting closer to 2k again and it depends now on the upcoming weeks and their results...
    RB's system is much more discretionary than 1 minute daily, you have to make your own mind to enter or not enter the trades. Even RB sometimes misses trades... And that is why I like 1 minute daily better, because I don't have to think about it. I have another account where I try other systems, mostly price action, where I am learning to trade more descritionaly...

    Take care and good luck in trading!

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