I was reminded by a follower recently of an old post back in 2008 over at Forex Factory, not long after I originally finished chemotherapy.
It was a summary of 100 trades I had made after getting back to the charts with my new illness forced priorities. It was a time where I was forced out of day trading back to longer term charts, much like when I wrote about Time, Price, Cancer and more in September 2011.
Here is an extremely brief run down of what happened in that period, with the original statements available for download below.
You can also find a more details explanation in the original post back in 2008.
This was for the period of October 2007 – February 2008:
- Total gains: 57.47%
- Average gains per month: 11.49%
- Total trades: 98
- Winning percentage: 48.32%
- Average Win/Average Loss: 2.2:1
- Profit factor: 2.39
The point of re-hashing this old chestnut? A reminder of a couple of things to the newer trader, and to myself.
There is no need to have an amazing win-loss percentage if you are strict with cutting losses. Despite some misconceptions, you can still make great monthly returns trading 4H charts. In truth, this is more a reminder to myself.
Enjoy the rest of the weekend, I get a feeling things are going to start rocking the next couple of weeks.