2023W24 Review

-145p, -17.8% capital

70.3% win rate

It appears to be a terrible week. But the fact was, although it couldn't be said as a fine week, I didn't feel as bad as it seemed.

There were wins and there were losses, and there were some trades that shouldn't had been taken. There were two bettings, during the Tuesday and Thursday data releases. 

The first one, should have been a win, because I was aiming for 20p, and the price clearly had moved over 60p in my direction, but when my close initiated manually and executed, the price had swung -35p against me. I would call it technical glitch, or latency, or simply this platform isn't meant for such huge volatility trade.

The second one had less excuse... except it was even less ideal to play such trade on the phone. Big loss, and led to two subsequent reckless and mindless trades, that amounted to -290p or nearly -$1800 loss.

While it's not totally fair to exclude such "mistakes" from the counting because there were real emotions involved, which might well affect live trading anyway, other trades in the week were rewarding enough.

This week I started to pay more attention to if I could get more than a standard 10p target in each trade, and dared to take multiple positions from an entry range, usually with later positions taken from better levels.

Also, I used Fib retracement to help my entry and exit, instead of setting a target purely based on wishes.

A mixed bag week... one or two bad calls and bad decisions, but also consistent reward. 

Grade: C+

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