My New Trade History
November 7, 2007 by Trader Rich
I've finally updated the "My Trade History"
of the site since I started trading again. It's a little different
than before and I'm now tracking the R-multiple of each trade, the pips
gained or lost, the trade length (in time), and the expectancy of my
systems.
Next thing on my list is to update the "Goal & Performance"
section which is out of date. All I can say now is that I'm trading
smaller sized positions with a smaller account size for the time
being. My goal is to triple the account. The length of time it takes
to do this is a mystery right now until I have more trading statistics
to build from.
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Welcome back to the “forex arena” my friend. With the dollar index making new lows, you picked a hell of a tumultuous time to step back in. I still encourage you to more fully mechanize your systems if you haven’t already. The best benefit of systematic trading is divorcing one’s ego from the result. You can spend your time developing new systems and strategies and validating that they are working, instead of validating your ego by using discretionary “systems” that can make you feel quite smart when you win and quite stupid when you don’t!
Anyway, welcome back to the blogosphere. My Cable Glider system is still alive and well 13 months after its inception, and I’ve got a mean reversion system for the Euro now too that works nicely. I’ve also been trading full time for 6 months now, and that presents a whole different set of challenges…but I can say, without a doubt that it’s absolutely worth it.
Good luck with your current goal of tripling your account!