results 28/10/08

I could only trade in the morning today as later I got to leave to go out of town for work for about 3 days.

It started as a very bad day as I was able to let my initial (small) gain become a -30 pips loss :(

Being cought in a ranging market and doing a couple of mistakes with the laptop trackpad closing two very good trades before they become profitable. Anyway I could only blame myself as most of the pips were lost taking trades I should have taken and not closing them "in time".

So I decided to have a little rest, do breakfast and start using the only technique that can work in a ranging market :) Use math!

This time I decided to work with "big" sizes" using thousands of microlots (100, 200, 400 and 800 in paticular).

In the end I trasformed my (demo) 5.000$ account in a 8.440$ account with a net gain of 3.440$ that a 68,8% gain in two hours (the period I traded today).

I used high leverage and increasing lot sizes to reach that result. As you'll see from the statistics that pips number are strange. I should have divided statistics in two: first hour and second hour :)

The first hour was a total loss. Then I changed my mind and I made a +160 pips using thousands of microlots each trade.

Loooots of things leaned today! I'll write a post in the next few days about that. Both the first hour and the second one teached me a lot in both ways... how no to lose and how to gain more money using a little math :)

I need more test to say how and when math can help in gaining more money.

My statistics for today:

Gross Profit: +29 pips
Total Trades: 27
W/L ratio: 1,45:1 (all the wrong trades were made in the first hour, then no loss)
Avg Win: 10 pips
Avg Loss: 11,9 pips

That's all folks! :)

A.

0 commenti: