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December 2007

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NOTE: Trading range for statistics below is based on December 15th through December 31st. Analysis is based on a two week period. Happy Holidays.

Statistics

 Statistic    Value
 Number of trades       32
 Wins       25
 Losses        7
 Hit Rate       78 %
 Largest Win       19
 Largest loss       10
 Total PIPS       53
 Maximum Drawdown       18
 Days traded        9
 Percentage Risk/Trade        3 %
 Percentage Gain        8 %

NOTE: Largest win, largest loss and maximum drawdown are measured in pips.

December Journal (2 Week Period)

There were a lot more opportunities during the European and US Sessions than I would have anticipated. The number of trades for this two week period is pretty high - however - the end of the year trading makes me nervous so I'm more apt to take smaller profits than I am to let a position play out. I started recording my trades and trading plans on October 15th.  I ended the period with a 34% gain. That's not bad. Since I won't count any trade prior to capturing them on video my yearly gain is also 34%.

 

Note: The Foreign Exchange market is the largest financial market in the world with an average daily turnover of 2 trillion dollars. It is thirty times larger than the combined volume of all US equity markets.

Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.  Prior to trading any instrument you should carefully consider your level of experience and risk appetite. Do NOT trade based on recommendations from this site. We show you how to think for yourself. If you lose money be man or woman enough to accept responsibility for your own actions   

Quote: Bob Hope

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