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First month trading- Review my output #s please
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First month trading- Review my output #s please

  #41 (permalink)
Trading Apprentice
melbourne, australia
 
Futures Experience: Intermediate
Platform: cmc
Favorite Futures: indices
 
Posts: 24 since Mar 2016
Thanks: 2 given, 32 received

Yes trading live of course

I aim for point limits (these can vary depending on volatility) and last week I did 17 trades and hit them 60% of the time. The rest were closed manually for no loss. I am not one for the profit/loss ratio but more focussed on draw down. If you wait long enough many a loosing trade will come back to life. That is what trade management is all about. It just depends on what type of draw down you can handle and your understanding of the market you are trading.

As I said, some people might be quite happy to loose on 50% of their trades but for me that is something I try to avoid.

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