Wednesday, August 23, 2023

2023W31 Review

Win rate 82.1%, +102.8 pips, equity gain of 22.8%

All seems very impressive, deserving another A... except it doesn't.

It all started quite well, with 10 consecutive wins. Maybe that's usually a sign of some inevitable losses are just around the corner.

The first full loss of -55 pips came right after that, on the second day of the week. But the real disaster started that afternoon, after a long position went south, and I added 2 more positions to it after that. When the trades closed, it was a totaly of -226 pips and -$1361. It was a real hit in the confidence and mood.

The same night, I entered 4 more long positions after all the falls were settled, and managed to claw back just over $1780 on the next day. It was maybe a very lucky situation, because the positions were still in loss, until it gapped up by nearly 50 pips, giving me a +58 pips return on a 2 lot play. I was aiming for no more than just over 20 pips.


So, while the win rates and pips return were quite well, it was a week characterized by big emotional swings, desperate positions in order to save positions. If not because of the lucky 2 lots and 1.5 lots that gave me around $1400, it would have been a break even week.

Grade: C

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