Week 8

March 16, 2008

4 trades, 3 losers and 1 big winner. This is the result of cutting the losses fast and let the profits run.

BTD: $ 5278.31

PTD: 242 PIPS

WIN: 55%

P/L FOR THE WEEK: 0.1%

P/L TO DATE: 5.57%

Here are what I am going to do next week:

1. Try to cut losses fast and let the profits run, like what  I did this week.

2. I stick to my 1% risk rule as it is crucial for me. When in doubt, I even risk less. There is always time to add to a winner.

3. I have zero tolerance for emotional and impulsive trading. A severe penalty is waiting for me if any impulsive trade happens.

Here is the chart:

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