And so we have reached the end of another profitable trading week.
The profit this week was much less than last week, mainly because of my acc size. The more the account grows the more cautious I get especially if you can remember I started this account with only $4. It is only natural to be less risky, which also means less profit. However, 27,6% profit for the week is good enough for me and I'll take that any day over a loosing week.
I also quickly want to discuss Risk, as this is more important than Profit. After a couple of weeks of trading I'm still comfortable with my risk control. In fact, looking at the picture below you will notice my "Risk of Ruin" has decreased slightly with a 12.14% of loosing 10% and 1.15% of loosing 20%. Also as I have mentions before it will not be a problem for me if I loose 10% or 20% of my account, because I should make it back quite quickly. One has to understand that losses is part of trading and that is what brought about this bog change in my trading style. Focus on Risk and be happy with whatever profit you get from the markets.
Anyway that is enough babbling for now - time to relax and enjoy the weekend - have a good one!
The profit this week was much less than last week, mainly because of my acc size. The more the account grows the more cautious I get especially if you can remember I started this account with only $4. It is only natural to be less risky, which also means less profit. However, 27,6% profit for the week is good enough for me and I'll take that any day over a loosing week.
I also quickly want to discuss Risk, as this is more important than Profit. After a couple of weeks of trading I'm still comfortable with my risk control. In fact, looking at the picture below you will notice my "Risk of Ruin" has decreased slightly with a 12.14% of loosing 10% and 1.15% of loosing 20%. Also as I have mentions before it will not be a problem for me if I loose 10% or 20% of my account, because I should make it back quite quickly. One has to understand that losses is part of trading and that is what brought about this bog change in my trading style. Focus on Risk and be happy with whatever profit you get from the markets.
Anyway that is enough babbling for now - time to relax and enjoy the weekend - have a good one!
Trade Safe!