March Was a Losing Month Trading Forex
March 31, 2008 by Trader Rich
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.
Popularity: 3%
Loading ...
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!