Another valid point. Hence why these are written in the post and published on the screenshots. It's important to note that last month had gains of £9k (or there abouts). This month has a loss of £2k. But important to remember that as soon as a trade is opened, it shows an immediate loss. Also bear in mind that more times than not, the trade wil swing against you for a certain degree or in this case, your planned move. This can be extremely difficult for most people to accept.Another important figure here is the max drawdown - including unrealized losses - .
The way I'm going, if I'd taken that trade we both would have lost@brewski - The trade I spoke with you about and to throw across - was Carillion. We did good but as discussed, needed babysitting for the news break. Sorry you missed out on this mate 20% swings in 1 day, 10-15% the next. In and out on the buy out rumour over 2 days. - Foresight knowledge :innocent:
February must have been a stress test to the system?I'm keeping this months results short - very short:clover:.
Total points = 3,660.84 – feel free to add any pounds per points to this as your account allows.
It’s been a ridiculously exceptional month, in fact that would be a huge understatement.
I’m going against posting any trade values this month and that includes the trades. I will only post the points, you can feel free to add as many pounds per points to them figures as you wish. For example, if you feel I played on only £5 per point, the total for the month would equal £18,304.20 - but I don't play £5pp. For all others that have viewed this trading diary over the (almost) 10 years I’ve been posting, know I use higher values and can be seen from the screenshots.
Let’s just say that I have had a criminal months earnings and leave it at that – but also bear in mind that you are only as good as your last trade. Lets not get above ourselves here. I got lucky.
I won’t comment any further on this month’s journal entry.
Edited picture for transparency.
PS: For the regular pros on here, it's not too difficult to work out some of the trades but I would kindly ask that you don't post and reveal. Thanks.
PPS: You'll see from the 2 screenshots that the ongoing P/L is showing from +£60 something to minus £500 odd. The swings are obviously quite heavy and not for the faint hearted.
@brewski - The trade I spoke with you about and to throw across - was Carillion. We did good but as discussed, needed babysitting for the news break. Sorry you missed out on this mate 20% swings in 1 day, 10-15% the next. In and out on the buy out rumour over 2 days. - Foresight knowledge :innocent:
I will be building more positions over the next month and expect some write downs either next month or December. The journal will run up to Christmas but I hope to display some fantastic losses for all to chew over before I go.
All the best for next month.
Emotions play a big part in trading, in fact they affect everything in your life. Control your emotions or they will control you.
Elaborating on the point of doing things right, I also see this on the contrary, people will make calls, get scared, close the trade then watch it go in the direction they predicted time and time again.
Stick to what you believe and believe in what you do - whatever that may be.