This was the perfect week for me : no overtrading (just 16 trades x2 lots in 4 trading days), no big risk taken, high win/loss ratio. Many trades were nulls (0-2 pips) again, most of them would be winners if were let to run. I am too cautious but this protects me from the big mistake.
Sunday, July 27, 2008
Weekly Stats : Week 34 (21-25/7)
This was the perfect week for me : no overtrading (just 16 trades x2 lots in 4 trading days), no big risk taken, high win/loss ratio. Many trades were nulls (0-2 pips) again, most of them would be winners if were let to run. I am too cautious but this protects me from the big mistake.
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3 comments:
is it MS excel?
In my view it is always incredible to see such stats, but what new comers need to learn from this is that to be able to achieve consistency, it has to be done with accepting losses, it is the only way we are ever going to find that perfect ratio of success, if we are not good in cutting losses or accepting them then we won’t be making profits consistently. I never have to worry over losses given that I use rebate program with OctaFX broker where I earn 15 dollars per lot size even on losing trade.
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