FreeFX #158: the 2022 trading year comes to a close with a whimper

[PipMeHappy]

FreeFX # 158: the 2022 trading year comes to a close with a whimper.

Hello traders,

the year is coming to an end TODAY and I wanted to put a short video here
to have a small discussion.

What has this trading year been like for you? And what do you hope to do differently
in 2023?

Happy 2023 when it comes!

PipMeHappy

[samewise]

My tiny live account is down almost 50%. My crypto holdings are down… a lot!

Hope 2023 brings better luck and bigger gains. Time to hit the books!

Thanks for sharing your stuff and providing the interviews. I really enjoy them!

[PipMeHappy]

Hello @samewise thanks for the comment, I really appreciate it. More interviews to come, just planning and trying to calendarise them with my future interviewees. . .

I now that we all hope for better returns each year, but a year is a long time for any trader, and I now that when I look at the charts in the first week of January I am like someone taking their first dive in a swimming pool after a long time: a little nervous of making the wrong start. Have I learnt from my mistakes? Is that enough? Should I simplify or further regulate my trading? What is my target for the year and is it achievable?

[samewise]

@PipMeHappy

a little nervous of making the wrong start. Have I learnt from my mistakes? Is that enough? Should I simplify or further regulate my trading? What is my target for the year and is it achievable?

I don’t think that’s the worst emotion to have at the start of the year. It makes you.pause right, and ask some really important questions. It’s good to put something down that you look back at later in the year. I think I’ll add some of those answers this week!

Thanks for getting the brain working!

[PipMeHappy]

How is it going, @samewise ?

I have not been on here for years and noticed a few(!!) messages.

Hope you did okay.

PipMe

[samewise]

Still here, trading live now! I have my ups and downs. I have a journal running for a while if you want to catch up.

A Noobs Journal - time to give this a shot

Missed a week, so this is from two weeks ago. 5 trades (might be my low of the last year!) Won 2 out of 25, 40% win rate. -2.06% for the last week Su-Sa. -796 pips (not an error). TP hits: 2 SL hits: 0 Manual Close winners: 0 Manual Close losers: 3 Avg Win: 21.90 Avg Loss: -280 So weird/bad week. I scaled out of 3 positions, big pip losses, but small from a absolute dollar amount (-$57). I think my open trades were all in the red, and I didn’t want to open any new trades. So, that’s…

I started demo and then live trading this strategy here, and really helped me to take trading seriously.

Scalping strategy to finish the year strong

Man that’s an awesome goal! I like the monthly dollar amount goal. I’m sticking with %. My account size is still small, but I’m trying to move all my extra money there. So far 10% for the year! Holy crap that would be so crazy. But for you, completely possible. One month at a time!

AT is a good guy. He shared his strategy, which has changed a lot, and he’s still sharing his trades, platform, indicators, all of it. Have a read!

Good to see you man!

[PipMeHappy]

Thank you, samewise. Good to see that you are sticking to it.

I am sorry, who is ‘AT’?

[samewise]

@PipMeHappy

I am sorry, who is ‘AT’?

Ah no worries. American Trader. Buddy who started this thread.

Scalping strategy to finish the year strong

Where is everybody? Basking in their profits?!?! Ha, it’s been a good week trading wise. Not so great for US markets. But crazy volatility Definitely one of my better weeks with trading outcomes. Any winners out there guys?

I traded it on demo for like a year, and then it helped build my confidence to go live.

4800+ posts later, it’s still going strong.