Having been away I managed to miss the early few days of trading in November and what an interesting week it’s been. I hope readers have been harvesting a few cheeky pips this week.
I on the other hand have been reviewing my trading for October after I moved to focussing on 4 hour charts. The data sample is much too small to get excited over but it’s a start. I tend to do these kind of reviews every month, every quarter and for each strategy. I quite enjoy it (geek alert) but it does give me a good idea of trends within my own trading and ultimately that’s a good thing.
I’ve included the screen shot from my trade journal with all the data.
Trading Days: 8
|Totals for October 4Hr Swings||1-10 Trades|
|Longs / Shorts||10%|
|% Long Winners||100%|
|% Short Winners||67%|
Total Account Growth: 11.4 %
Hit Rate – Good, Risk vs Reward – Poor. To be fair I said at the start that I was only trading with two contracts to test my system. I’ll be trading with 3/4 elements going forward to provide me the opportunity to ride the odd trade that trends nicely. That should move the RvR (and subsequent expectancy) into a better place.
Long vs Short Bias. Hmmmm……tell me something I didn’t know. I’m much happier being a seller than a buyer. However 9 to 1 is a tad excessive!
Risk Management. I’ve been risking too much per trade ( which I’m happy with on swing and position trades)sometimes up to 3-5% per trade. So I have trebled my account size in order to reduce trade position size down into more manageable size.
Trades placed but not triggered. I haven’t kept data so far, but will do so this month.
If you’re not doing this kind of review…..then I suggest you start!