Jan performance

I started Jan on a high, but ended with a whimper. It was however, comforting to note that I stuck to my trading plan throughout. This will be my most important target for the rest of the year: To stick to my trading plan.

In summary, my Jan performance:

Realised Profit/ Loss
F&N +750
Creative -290
Usd/Cad -70

Unrealised Profit/Loss
Swiber -104

Cumulative Profit
+286

My accuracy ratio: 1 win out of 4 trades. This underperfomance can be attributed to:

1. I was unlucky to be caught by the correction : an unavoidable aspect of trading.

2. My current system can be improved upon: I find my entry level not ideal enough, therefore I will be refining entry using Parabolic SAR, as it is more sensitive, and can give me better timing.

3. I also overtrade: From now onwards, I will have no more than 2 open positions. I will open the 2nd position only upon a profitable 1st position.


Nonetheless, in spite of my winning only 1 out of 4 trades, I am still net profitable. It just shows how important risk management and planning trades with favourable risk-reward ratio is.