After taking a break from trading in April to relook into my trading methodology, I'm glad to say that the results seem to be improving. After implementing the new risk management technique that I mention in Part 1 and Part 2, my losses have been significantly lesser. Of course, I will incur a higher trading cost, but that's the price I'll have to pay for protecting my downside risk.
Total profit after considering trading cost is roughly $1130 (approximately 16%) which is pretty decent. Hopefully I'll be able to generate this kind of returns for 2016. I'll be back with June's performance in about 2 weeks.
I will also be discussing new indicators that I am currently using which have definitely helped me screen for higher probability of trades. Stay tuned!
As always, happy trading.
Cheers.
Am looking forward to your indicators post :)
ReplyDeleteGood job btw!
Good post.
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Thank you