Tuesday, March 31, 2009
FOREX end-of-week summary 23-27 Mar 09
The week started badly, and while I continued to read and gain knowledge and experience, I look into my current trading system and made some adjustment along the way. Enhanced my trading system and decided to deposit another USD1000 into my account. My enhanced trading system as a scapler trader entails:-
1. No overtrading, targetting a total of 200 pips gain weekly, 40 pips a day. (Capital Preservation)
2. Trade along the trend, not against it. Signal confirmation is a MUST before engaging a trade.
3. Only one trade at any one time, the duration of the trade should be about 15-30 mins.
To-date, a total of USD4000 had been deposited and my total deficit is -USD3018.58. :(
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