Wednesday, October 22, 2008

Madness

This the chart of my equity's change in %, during the day. Overtrading (50 trades in total!) drove performace back and forth between 0 and 15%, closing the day around 12%. Complete non-sense and very stressfull. Patterns and trendlines apply here too...

2 comments:

andreahaku said...

AUDAX FORTUNA IUVAT... but never again!! :D

Rasheed said...

We just need to be very wise and careful with how we cope with these situations, as market madness is always there, so we just need to make sure we do everything with simple and straight forward way, as only then we will be able to do well. I work under OctaFX and they are world class with having low spreads from 0.1 pips to high leverage up to 1.500 while there is also rebate scheme where I get 50% back on all trades, so it’s fairly handy.