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Multi-contest winning Forex Trader looking to help the average Joe trader to avoid the traps of over trading and losing your shirt to the spread.
  • A Look Back At 2013 0 comments
    Jan 4, 2014 5:54 PM | about stocks: AUDS

    +It went pretty well overall

    +An unusually strong start up about +$1000 in the first half of the year, which for me is pretty good.

    +Lost some significant gains on a poor carry trade about -$600

    Positive things done:
    +Took breaks while I was ahead usually

    +Had some patience and chose advantages in setups rather than luck

    +respected commissions

    Negative things done:
    +Held losing carry trades when fundamentals turned sour

    +Got trapped in a leveraged carry trade

    +Used a bit too much leverage w/o realizing the consequences.

    Goals for next year: 5:1 maximum leverage with no more than 3% total account at risk in one trade. Continue to not over-trade and realize I don't have to be in a trade at all times.

    Themes: Forex Stocks: AUDS
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