April 2010. results

+103 pips

+10 %

I'm calling end of month little early. After big loss at the beginning of month with bigger size I took size back down and made around 250 pips run up. Now I want to settle down a bit and lose big swings mentality.

Confusion

Playing with too much size.
Counting on averaging before I chose to close trade that is clear loser.
Addictive behavior of trading with big size that can lead to big win which brings emotion of exhilaration.


+18 pips

Profitable but questionable

Here I go again line up three positions. This really can't be called averaging because spacing is so small. It's bad because it's not in my plan and if things go against me I freeze. In the end I didn't even capitalize on it properly. At the bottom same thing. I guess it's greed, I want a big trade and big profit. I don't feel comfortable to enter in the first place with that size but I do it anyway when price goes against me. It's a case where I'm not prepared on bigger financial risk but I want bigger gain. I know that I'm not doing it right but it's difficult to stop and change things. I'm trying.

+35 pips

Monday

I fall into mine own trap on my second trade. I guessed that up potential is limited and had nice first scalp. Then I got suckered in long. Big position with averaging and I failed to take small profit or b/e that I had. After I reversed short I got instant 10 pips run against me, then very hard move lower. I was positive for a day after exit but foolishly I didn't want to quit. So I had disastrous trading in eur/usd with four positions later. Reversal trade of same size cut my loss to manageable one.
All in all not well. After I surpassed level from big loss at the beginning of the month I again have tendency for big size. Then bigger size made very bad day. Now I average non stop and ride too big positions. I need to cool down with it.
Also when I trade like this I miss on opportunities for scalping. Eur/usd had beautiful trend and I missed all tied in gbp/usd.

-18 pips

Friday

Today I was around five hours in front of charts for a change. Nothing much can be said from those charts below but that swing trading would be much better option for today.

+18 pips

Thursday

It's annoying that whenever I enter trade it goes straight against me lately. Market is different and I trade it on same way looking for breakouts and stop hunts. It's maybe ok for 5min time frame trading but from my point of view it's just jumping around and you can't know where is it going next.

+26 pips

Wednesday

Poor market for trading and similar performance, lol.

+4 pips