TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

Month in review : March 2007

by Gav

alexf.jpgI was thinking to skip my monthly review for this month, and walk away. I feel so bad to report the lousy performance on my blog. I did badly this month. I found it difficult to trade and in addition, I lost my focus for a moment, I made more trades than I used to. This is the first losing month of the year. I have discussed couple of points in my previous post, I am not going to repeat again here.

I keep two separate journals in order to track dummy system specifically. Interesting, in total, Dummy system produced 0.11 R this month, while my overall trading performance in March was down -3.36 R. And I experienced a string of losses in the last week of March, as I've mentioned in my twitter. However, these losses were small as the risk amount were around half of my normal R. Which means I had a couple of trades that required small R , and I did not increase position size.

The result is ridiculous. I made 18 trades this month, which are more than what I did in Jan and Feb. And the result is the worst of the year.

Overall performance:

  • Total P/L: -3.36 R
  • Total No. of trades: 18
  • Winning trades: 3
  • Break Even: 1
  • Losing trades: 14 (!?!?)
Anyways, it doesn't help to bother too much over the losses. Lesson learnt, noted down, and I am ready for April. I give no chance for negativity to enter my life.

Comments

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  1. easwaran
    My dear Gav, With great love and respect i invite you to be here and now.thanks for taking your time to educate and post. my dear , i like this attitude of yours" * Anyways, it doesn’t help to bother too much over the losses. Lesson learnt, noted down, and I am ready for April. I give no chance for negativity to enter my life. keep doing my dear Gav cheers easwaran india
  2. easwaran
    My dear Gav, With great love and respect i invite you to be here and now.thanks for taking your time to educate and post. my dear , i like this attitude of yours" * Anyways, it doesn’t help to bother too much over the losses. Lesson learnt, noted down, and I am ready for April. I give no chance for negativity to enter my life. keep doing my dear Gav cheers easwaran india
  3. Gav
    Easwaran, thanks. I hope you have a great April ahead!
  4. Gav
    Easwaran, thanks. I hope you have a great April ahead!
  5. Richard
    Yeah, my dummy trading produced only 0.97 R this month, and not much more than that all year. Either I'm doing it wrong, or ... ? For me, anyway other types of trades have been much more reliable this year.
  6. Richard
    Yeah, my dummy trading produced only 0.97 R this month, and not much more than that all year. Either I'm doing it wrong, or ... ? For me, anyway other types of trades have been much more reliable this year.
  7. Gav
    Richard: I know other types of trade might do better. But, I did it in the wrong way. I deployed non-dummy strategy badly this month and caused the losses. Ah well...
  8. Gav
    Richard: I know other types of trade might do better. But, I did it in the wrong way. I deployed non-dummy strategy badly this month and caused the losses. Ah well...
  9. Stephane
    Dear Gav, I am sure that you will get back into full swing, you have the proper attitude for sure. Did you test those non-dummy strategies before trading them or are those trades real-time tests ? If it is the later case you should not draw any conclusion on a small number of trades I think... Anybody as focused and willing to put the efforts to master trading as you do will always be sucessful !! Best, Stéphane
  10. Stephane
    Dear Gav, I am sure that you will get back into full swing, you have the proper attitude for sure. Did you test those non-dummy strategies before trading them or are those trades real-time tests ? If it is the later case you should not draw any conclusion on a small number of trades I think... Anybody as focused and willing to put the efforts to master trading as you do will always be sucessful !! Best, Stéphane
  11. Gav
    Stephane, Thanks for the kind words. I did not do backtesting for the new strategy, but reading charts.I think I was ill-prepared and rushing with real money. Hope you have a great April.
  12. Gav
    Stephane, Thanks for the kind words. I did not do backtesting for the new strategy, but reading charts.I think I was ill-prepared and rushing with real money. Hope you have a great April.

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