15/1 – Trading Wrap for Week#2 of 2016

Trading Results for this week were as follows:

week2 results

Thus 5 trades across DAX (+1.2R) and EURGBP (+1.17R) were the biggest profit contributors, with most of the other instruments slightly in the red.  In the end a net return of 0.96R (or £192), with an average trade risk of 0.43R (£86).  7W, 5 BE, 6L (7-5-6) trades – compared to 10-5-10 in the previous week.

It’s interesting (but most likely coincidental) that both this week and last week I finished the trading week with three consecutive losing trades on Thursday afternoon.

Did I trade competently?

Examples of good trading this week:

  • Taking it very easy on Tuesday and engaging and concentrating on study and analysis after missing Monday’s session due to sickness
  • 10-15 minute visualizations twice each day
  • Strong risk management
  • Sticking with desired changes in trade management techniques (which were based on analysis of completed trades)
  • Sticking with K5 trades this week, without being tempted to trade reversals and/or round numbers
  • Thorough preparation for each session
  • Good record-keeping and trade documentation
  • Overall great concentration and focus throughout each session

 

So results are still waning a bit – this week has been positive but still only slightly.  Let’s see how next week works out.  However it certainly seems that I am doing the right things.  So progressing in the right direction.

Ad hoc – a couple of interesting meetings this week:

The first was a 2.5 hour discussion with a high-frequency trader from a small City-based hedge fund.  He explained some of the main in’s and out’s of the HFT (also known as low-latency) trading approach.  I am amazed I was able to hold my concentration for that long – as there was a lot of material to digest.

Today Ann from Chasing Returns came for a visit to the trading office.  She ran me through the web-based tool she is developing for helping traders measure and evaluate their trading performance by running various data analysis over trading history that traders can upload to her site.

This entry was posted in Trend-Following Strategy, Uncategorized. Bookmark the permalink.

One Response to 15/1 – Trading Wrap for Week#2 of 2016

  1. Francis says:

    Hey! Very cool site, I have also started a trading journal but only for Forex market. I’ll check back to see your progress. Have a look at mine, I think you will like it. http://empiredraft.com

    Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s