Hello, hello! This is the last update for the year 2019 (and the first update on the new year!). As mentioned in the last statement, in December I wanted to close multiple EURGBP positions to get rid of that big floating minus I kept carrying since July-August.
Let’s look a little on the numbers. We have 33 profitable trades and a total of 100.74USD profit and a gain of close to 8%. So time to close the EURGBP and get a loss of 230USD and decreasing the floating minus from -400 to just -120USD (close to 10% of the account).
It feels wonderful to be back in a situation that is under control.
I am not going into details too much now, as it’s barely the beginning of the year and this was just a quick update as I will have many articles this month.
I will try to start a new habit following the next month, by analyzing the biggest loser trade and see what went wrong.
For the total of the year, I am down 175.95 USD in Forex trading, but it includes the months where I traded without a plan and lost around 310 USD from coping mentors. I am happy with the results and I have high hopes for next year!
The biggest loser of the month is on EURUSD (except the EURGBP parity) and as you see we are talking about a bad trade on an ascending trend, but which equals the only 7.88USD, under the 1% risk.
The biggest winner of the month is strictly related to the biggest loser as they are both parts of a brake-even strategy, or close because we won 13.89USD so 1%!
Thank you for reading this! See you next month!
Disclaimer: I am not a financial consultant! All the information you find here are my decision, I have taken at that moment, on my own analysis. I am open to any type of discussion about money. If you want to replicate my portfolio take into consideration that it is your money and you can have losses.