Forex Trading in the Black

Ending the month with a profit gives me a feeling of progress and success.  It is nothing more than that though because what your P/L is at the end of the month doesn't matter in comparison to what you've done in the previous 6 months, 1 year, or more. 

With 1 day left in the month though, I have exactly 40 pips of profit for November.  It's funny that after having 30+ managed positions opened this month, my 1 position last night which profited 78 pips pushed me into profitability.  In fact, there were several times this month where my P/L was back to 0.  This is just the way things work.  You can put tons of time and effort into trading and after managing multiple positions during the month, you might wind up right where you started.  It's obviously better than losing though.  Either way, sometimes things work out and sometimes not.  I think the more trades I place, (as long as they are "good" trades where I did not deviate from my plan) the more beneficial is to me as a trader.  If I made 1 trade this month that profited 300 pips and that was it, I don't think I would be furthering my chances of becoming a day trader.  I'd much rather be at +40 pips after 32 trades this month than up 300 pips (if I had only made 1 trade.) If I was a longer term trader, 1 trade for the month might be fine but that's not what my goal is here. 

You can see my past and present performance at http://www.forexproject.com/My_Forex_Goal.

I know there is still 1 trading day left but I will trade Thursday even if it means finishing with a negative P/L.  If I do finish with a positive P/L though, that would be 3 consecutive profitable months.  In September, I ended with a profit of 286 pips and in October with a profit of 447 pips.  Since tracking this run of performance results since June of this year, my total P/L is at 477 pips.  When you really put it in perspective, 477 pips over 6 months is not going to win me any contests or get me out of corporate America but I'm inexperienced and I'll just have to tag myself this way until I get a couple of more years under my belt.  If anything, this only proves how difficult Forex trading is and I've dedicated tons of effort towards doing this.  

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