A wrap up post for the Chart Art Trading Journal.
Here’s a look at the breakdown of trades. I started this journal in May of last year with about 2 months of no trading done (lots going back in August/Sept). This was about 15 trades, averaging of about 2-3 per month.
My account was at $300 when I started this (I had been trading with the same amount a year before but with no actual strategy. I got it up to about $400 and then lost $100 because of a series of losing trades. But hey I didn’t blow my account!)
So at $64 total profit, this was a 21% gain! 15 trades within 6 months. Just following trade posts from Chart Art.
I mean, looking at what happened to the markets last year, this is a HUGE win. I should have put more money into this account lol.
I think I’ve said before that I should start working on my own strategy but now looking at this more objectively, this wasn’t bad at all!
Pros of doing this is def that I don’t have to spend too much time looking for trades. I just look at what the featured pairs are for the day and decide if I want to take them. It takes literally maybe 5 minutes. The con of course is that it isn’t “my” strategy and when it doesn’t work I tend to regret following someone’s trade ideas.