I’m quite a fan of statistics since I’ve realised it’s difficult to progress without having a clear view of how you’re doing.
Going over my results I realised a few things…
- This week’s results have beaten all of my previous ‘wins’ in the last 21 losing weeks
- Last week and this week were achieved from 4 and 2 trades respectively
- I missed a large number of profitable opportunities in this short period
So I’ll be adding another target which is to make 5 good trades a week. Now it’s possible that doesn’t sound like a lot but I don’t want to put undue pressure on myself to enter crappy positions.
It’s also a somewhat limiting factor that I can only concentrate 100% on the European session open until 08:45 am because after that I need to be in my car 😉
However, I reckon this is an achievable target which will help me focus on getting better at trading through actual practice, especially now that I’ve got access to a set of tools which I’ve been successful with. Practising to improve at something is actually fun if you’ve got to a stage where you’re not continually throwing cash out of the window! Hooray! 🙂
So after next week I’ll add number of winning/losing trades to the results page and see how I get on with that.