Quote:
Originally Posted by Honest Bill
Hi all,
So here it is. The statistical results of the last 4 weeks trading (live) for me.
In summary, I took 90 trades. 50% more than I needed to or should have. That's a lot of wasted time, spreads and pips. Not to mention printer paper and ink wasted.
Now, I know hindsight is great. However, I basically looked at the chart printouts and asked myself "would I trade these now?"
The results are a major shock.
Now, I know, Pimp, Gorilla and a few others thought I was doing so well. Well, they weren't necessarily hearing about all the bad trades.
So, why am I telling you all this. Well, I am Honest Bill, aren't I ???
Take a look below. I took 58 PROPER trades and only 5 lost. That's a 95% success rate. If I had just had the discipline not to jump into the BAD ones. They killed all the success.
I urge all the readers here to do this kind of exercise every so often in order to learn from it.
WATCH THIS SPACE.....................
|
Another week gone by. I have kept it very tight this week having done this analysis. Thanks for all the private messages about how this has helped you all.
No pips made this week at all by me
. I did make some small losses. But, I don't mind that. Gotta take some risk to get reward.
It has been a very difficult week for all. Hardest week I've seen since this thread started. In fact, with Dow leading the way, I am focussing on indices more now.