Not a great day to end the month with – no trades. That was one heck of a slow day on the markets for me. One missed trade late on Long on GBPUSD, other than that not even one valid setup from 08:00 -> 14:00.
So my performance for the months is :
Number of Trades : 51 which is an average of 2.7 trades per day over the 19 trading days
Hours Worked : No. of AM and PM sessions 12, No. of AM session only : 5
Number Winners : 23
Number Losers : 25
Break Even : 3
Average Winning : Losing ratio in Money terms 0.85:1
Average Trade Score 10.5 (10 is my minimum std)
My major lesson for this month is to get those winning trades up to a minimum of 2:1. If there is significant S & R in the way then let it go. I have been recording the maximum distance the price rallied after I closed my profitable trades and most would have been OK to leave to 2:1. So that’s my target for August in between some vacation I have planned.
So off on my ride and back in the trading saddle on Monday August 2nd….hope to see some ladies like this on my ride…chance would be a fine thing ! (click on the pic to see the bums wiggle – cheeky but funny!)
Happy and Good Trading