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March Was a Losing Month Trading Forex |
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Monday, March 31, 2008 |
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Trading for the month of March is over and it was a loser for me. I lost 3.2% of my total account balance. I don't consider this a set-back though. It's just part of trading forex. I'm up 13.3% for the year so I feel good about my chances going forward. I did make some mistakes and one particular trade sticks in my mind. Last week, I was certain that a trade would eventually setup according to my rules and I pulled the trigger before it was confirmed. The setup never occurred and I lost. I also got a little too "discretionary" with one of my systems and really missed some great trades. In April, I won't enter a trade before my setup has been confirmed and I'm going to take trades that one of my systems generate without overthinking it.
Overall, I stuck to my trading rules as I had the previous two months. This month didn't work out like the others but I'm still not going to change a thing. I'm on-track to reach my 18-month to 2-year goal I set before 2008 began.
To see all my trading graphs updated as of today, go to My Forex Graphs.
I hope you all had a great month trading. As always, feel free to comment and let me know how you all did.
Forex Trading
march 2008
What are you using to create your graphs? They are very nice and I\'m looking for something for my blog.
Thanks
Jim Jim, I used Open Flash charts (Free)... http://teethgrinder.co.uk/open-flash-chart/
...yes you are right, depends on your goal. I earned 0.99% this month :) This may be coincidence but you, Colin at Forexspirit, Simon from Simon Super Trader, and myself all had good Febuarys. But those same people had a pretty bad March except Simon but he did say in his blog that he had some very rough trades. Is this a coincidence or was the market acting really different? I guess we all read the same blogs! |
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Last Updated ( Monday, March 31, 2008 )
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