May 2010. results

+253 pips

+25 %



Both good and bad trading this month. Result in the end is great but I had intraday drawdown that was bigger then that. Plan for future is again to increase size and deal with it. Also I have a plan on more active planing and managing my losing trades.

Gambling mode

Nothing new. Getting in when there is nothing going on, then refusing to take a loss. Still under strong impression from yesterday's trading. This was sole gbp strength, eur/usd wasn't cooperating on the up side so I was easily out of position that is so big and reasonably profitable. After getting out from big position that was in red and was made by averaging enormous pressure is off of me. So there is no possibility for me to jump in even thou market is beautiful.

This gambling mode is tiring whenever I'm in it.

+60 pips

Recklessness and arrogance

I don't feel anger or anything just pretty much numb right now. I had positive scalp and open profit on another position in gbp/usd which I let to go in a loss. I averaged, got b/e, didn't take it but let all go in a loss. Then of course I averaged again with double size with such arrogant belief how there will be retracement. That cost me 130 pips. After that I lost 70 pips more in next sequence.
I changed pair and direction and cut my loss to -45 pips trading eur/jpy with double size.

It's such a pity that I wreck month worth of profits in few minutes because I act arrogant when I know better. That is so ugly. But if I have that in me it will come out sooner or later. You can't hide anything in market and pretend that you have only virtues. Vices are there also.

In reality I can be happy that in the end I lost only this week's profits. This job simply doesn't allow trading mentally unprepared.


-45 pips

Half size day

All trades were half size. I didn't like the possibility of some strong reversal because trading were around lows and who knows what can happen this days so I kept size small. I'm pleased with my scalping, capturing more than 50 half size pips. I was open to even bigger moves but things didn't get wild.

+28 pips

Morning scalps

Eur/usd wasn't strong enough to push this move firmly up. Later it all dropped back in bearish direction below morning lows. I was watching but I wasn't trading. I still chose to limit my activity to as low as possible, especially when I'm profitable. Maybe it will change some day and I will be able to trade full session without so many thoughts where will day end regarding p&l. Or maybe I will stop thinking that I need to trade more and accept reality as it is.

+20 pips

Nice end to nice week

Experimenting with going in with half size and adding when it continues in my direction. Next will be leaving part of position to ride on. Second trade was also nice scalp, getting out sooner then price questions which way will it continue. For me nothing wrong with small profits, taking away opportunity to get emotionally pressured.

+18 pips