November Trading Update
by Trader Rich
With a couple of days left in the month of November, I'm up 1.9%. My expectancy is negative though and I've lost more pips than gained. Pips matter but just because I'm at a negative doesn't mean I'm at a loss. This is due to the fact that I normally size my positions so that I risk anywhere from .5% – 2% of my account balance. What I'm not so sure about is whether my expectancy calculation is correct. My expectancy stands at -.14. This would mean that I will lose money trading. It's a lot easier calculating my percentage gain based on where my account balance is now compared to where it was when I started. For this reason, I know I'm up 1.9%. We'll see where my expectancy goes as my trading continues.