This is where I share all my trades taken each and every week.
My reason for this is to encourage traders to also keep one for two major reasons:
- Track weekly trading performance.
- To have enough date to be able to work on their trading technique and psychology
Both can only be done when you keep a comprehensive journal, and review it every week.
MONDAY (27/02/2023)
NZD/USD (7.05 am)
Analysis: Selling this pair based on our weekly analysis
GBP/CHF (11.02 pm)
Analysis: This has been one setups I have been waiting for over 2 weeks to materialize. My reason for taking the trade was shared on our weekly analysis
AUD/USD Update(4.30 pm)
Manually closed AUD/USD losing -39 pips
GBP/CHF Update (9.30 pm)
Analysis: Added to the GBP/CHF after price gave us a strong bullish candlestick after a light pullback.
GBP/CHF Update (1.30 pm)
Trailing SL got hit at +118 pips (for both positions)
Trade activity summary for the month
| 1st TRADING WEEK |
|
|||
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST | |
| WED (01/02/2023) | EUR/USD | BUY | + 30 pips | |
| GBP/CHF | SELL | +42 pips | ||
| THUS (02/02/2023) | AUD/USD | BUY | -85 pips | |
| TOTAL | – 13 PIPS | |||
| 2nd TRADING WEEK | ||||
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST | |
| MON (06/02/2023) | USD/CAD | SELL | – 74 pips | |
| USD/CHF | BUY | – 54 pips | ||
| TUE (07/02/2023) | GBP/USD | BUY | + 41 pips | |
| WED (08/02/2023) | XAU/USD | BUY | -230 pips | |
| THUS (09/02/2023) | GBP/CAD | BUY | + 105 pips | |
| FRI (10/02/2023) | GBP/CHF | BUY | + 32 pips | |
| TOTAL | – 180 PIPS | |||
| 3rd TRADING WEEK | ||||
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST | |
| MON (13/02/2023) | CAD/JPY | BUY | Breakeven | |
| NZD/USD | BUY | – 15 pips | ||
| CAD/JPY | BUY | – 11 pips | ||
| THUS (16/02/2023) | USD/JPY | BUY | +57 pips | |
| CAD/JPY | BUY | Breakeven | ||
| FRI (17/02/2023) | USD/JPY | BUY | + 6 pips | |
| EUR/USD | SELL | + 18 pips | ||
| TOTAL | + 55 PIPS | |||
| 4th TRADING WEEK | ||||
| MON (20/02/2023) | AUD/USD | BUY | + 32 pips | |
| THUS (23/02/2023) | GBP/JPY | BUY | – 185 pips | |
| FRI (24/02/2023) | USD/JPY | SELL | – 150 pips | |
| TOTAL | – 303 pips | |||
| 5th TRADING WEEK | ||||
| MON (27/01/2023) | NZD/USD | SELL | – 39 pips | |
| GBP/CHF | SELL | + 118 pips | ||
| TOTAL | +79 PIPS | |||
| TOTAL PIPS LOST FOR THE MONTH | – 362 PIPS |
In conclusion:
Gold had a huge impact on my February performance. I lost -230 pips on Gold and also -1.2% of my capital. If I were to remove Gold out of my February trades, I would still be on negative pips, but I would have been profitable financially. It was a good choice dropping Gold for the rest of the month
My 4th trading week was a disaster, but well managed. My risk was low, but again I made some bad decisions on entering the GBP/JPY too early.
My 5th week was a game changer. GBP/CHF single handedly turned things around and canceled both the bad AUD/USD trade during the week and the loss from the 4th week. This is the beauty of trading. A single good trade could turn months of losses into profits
Overall I lost less than -0.5% of my capital to the market in the month of February, and I would rate the month a fair one, considering the fact that there were some really bad trades I took, but I was able to manage through all the twist and turns the month threw at me, moreover I was able to follow my rules over 90% of the time
In the month of March I will still stay off Gold and see how I can maximize good trades if they present themselves. If there was any thing that saved my ass in the month of February, it has to be a good money management technique.
See you in the month of March!
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