Lots of trades in January and this compromised the overall performance. 17,5 trades per trading day. One amazing number : January performance before commissions (before costs) is +31,3%!! This is how Interactive Brokers get richer and how traders lose money. The broker (like the casino) has always the edge and only very rare, selective and safe trading can beat this.
Saturday, February 2, 2008
Monthly Stats : January 2008
Lots of trades in January and this compromised the overall performance. 17,5 trades per trading day. One amazing number : January performance before commissions (before costs) is +31,3%!! This is how Interactive Brokers get richer and how traders lose money. The broker (like the casino) has always the edge and only very rare, selective and safe trading can beat this.
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Stats like these are not achieved every day especially for beginners, but it’s not impossible either. All I can say is that we can clearly see that the consistency is what brought these results. It’s not like zero losses, but it’s well managed and that has given you overall profits, so that’s why this is a lesson that we must take and don’t become mad with few losses instead continue with the good work and I am doing that with OctaFX broker and it’s very helpful due to their rebate service where I earn 15 dollars profits per lot size trade!
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