|
Sunday, February 03, 2008 |
|
I am rewriting my goal once again like everyone should as you move forward in your "training." Currently I am concentrating on the study of chart patterns and using support and resistance, fibonacci, Murrey Math, pivot points and OsMA in my trading. Whereas before I was trading on the shorter term time frames, I am now looking mostly at Daily and 240 minute time frames. Past Goal and Performance (Part I) Past Goal and Performance (Part II)
Forex Project - The Ultimate Goal - Trading Forex as my Full-Time Job
My ultimate goal is to quit my day job and trade full-time. Below, I have been graphing my performance on a week by week basis but I have decided to change it to monthly. I feel like tracking weekly progress sometimes puts pressure on me to perform each and every week. For instance, my goal is to capture 60 pips each week or 260 pips a month. If I don't perform during 1 or 2 weeks during the month, it's OK because my goal is 260 pips for the month and that is what I should strive for.
| Month | Pip P/L | Gross P/L | Total # of Positions | Total Winning Positions | Total Losing Positions | Total Even Positions | Avg. Winning pips | Avg. Losing pips | | 0 | 0 | $0 | 1 | 0 | 0 | 1 | 0 | 0 | | 1 | 131 | $1250.6 | 8 | 5 | 3 | 0 | 42 | -26 | | 2 | -401 | $-3613.3 | 15 | 2 | 12 | 1 | 3 | -34 | | 3 | -26 | $-213.8 | 7 | 2 | 5 | 0 | 36 | -19 | | 4 | 286 | $2966.9 | 21 | 11 | 10 | 0 | 73 | -51 | | 5 | 447 | $4453.4 | 21 | 14 | 7 | 0 | 66 | -67 | | 6 | 14 | $146 | 34 | 19 | 15 | 0 | 29 | -36 | | 7 | 201 | $1941.3 | 28 | 18 | 10 | 0 | 50 | -70 | | 8 | 80 | $1080.8 | 42 | 21 | 21 | 0 | 38 | -34 | | 9 | -501 | $-4948 | 80 | 32 | 35 | 13 | 41 | -52 | | 10 | 6 | $660 | 10 | 6 | 4 | 0 | 24 | -35 | | Total | 237 | $3723.94 | 267 | 130 | 137 | 15 | | |
|
