End of week numbers… I’ve added total P/L in pips, which is a metric I seem to have left out. A useful number to monitor.
Week ending 21/9/2018
Number of trades: 12
Number positive: 8
Number negative: 4
Success rate: 67%
Number on plan: 11
Number off plan: 1
Total P/L: 75 pips
Average risk/return: 0.43
Average P/L per trade: 6 pips
Max P/L: 60 pips
Min P/L: -37 pips
Change in equity from last week: 0.2%
So, in those numbers there were a couple of good trades, a couple of bad ones, and quite a few mediocre ones. I ended up positive for the week, so it’s a win. I know it’s possible to do better than I did. Still learning!
Best trade was riding the bulls up on Thursday, I got 40% of the total move which I consider a success.
Worst trade was getting stopped out on a nosedive instigated by a Brexit rumour on Wednesday. I lost 37 pips. Because it was a rumour, I figured it would bounce right back and immediately went long again, by which tactic I got back 25 pips. That was the one trade that I had to report as not according to plan.
Overall, a much better week than last week. I will enjoy the weekend! Hope you do too
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