Six Month Update...

We have now been updating the live trades for six months on this site. During this time we have had some great trades, some near misses and occasional frustrations! We haven't had any disasters, thankfully, as employing the trading plan and sticking to it has kept us away from the market, when set-ups are sub-optimal.
As of today, we don't have any open trades, recent notable trades in some of the currencies reversed and stopped out the remaining positions and so this presents a good opportunity to review what has happened since March.
Looking back over the 50 trades made, the statistics tell us broadly, that around six trades ended up at break-even and of the remaining 44, half were winners and half losers.
This matches what we can expect from this style of trading and is considered a very satisfactory result.
Much more important than win percentage though, is the average size of the winning versus the losing trades. We find that the winners are twice as large as the losers, which reinforces the strict mantra to cut losing trades early and try to hold on to the winners for as long as possible.
We also had periods of over-performance, followed by periods of under-performance. This is entirely expected, as the outcome of every trade is largely random and independent from the other trades in any sequence. A great run from June to mid July, was followed by a draw down which reversed in the latter part of August.
So far we have increased the value of the portfolio by 4R which is an excellent result for this time period.
As we wait for new trades to become apparent, it is worth remembering that not having a position in the market is perfectly acceptable and indeed mandatory when opportunities are scarce. By continuing to trade with a disciplined and defined edge, we can look forward with confidence to the forthcoming months..and what the markets will offer us.