Negative Expectancy

I'm now carrying a negative expectancy of -0.05 which I think means that for every dollar I risk, I'll lose 5 cents.  If this isn't correct, let me know.  I do feel like I overtraded last week and was a bit too persistent on a couple of trades at the end of last week.  Either way, I don't feel too bad about my trading as I still try to get back into sync with the forex market.  I had a good trade going early this week when I rode the GBP/USD long over 130 pips.  I took a little profit out and let the rest continue.  I set the stop to breakeven and it was hit during the European session this morning.  I did get some profit but unfortunately didn't realize anything else on the rest of the position.  Breakeven stops are a bit frustrating when their hit but if I didn't set it, I'd probably would have been stopped out at about -100 pips.  In hindsight, it may have been wiser to take a profit earlier with the expectation of some range bound activity.

Markets Recap:

• DOW down -76.08 to 13231.01 (-0.57%)
• GOLD up 1.10 to 815.8 (+0.14)
• OIL down -0.10 to 93.99 (-0.11%)
• US Dollar index closes up at 75.814

Want to learn about the DMI indicator?  DMI Points The Way To Profits

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