The following are the results for this past week. I was a lot more comfortable in determining my position sizes and risk:reward ratios this week. I had several questions and emailed Emmanuel each day with my questions. He was quick in replying and I have a much better overall understanding of the strategies. Thank you Emmanuel!He suggested I get on his calendar for a coaching session for after the holidays. I scheduled a training for January 7th.
I did not place too many trades this week. I was out of town on Monday. The market was pretty flat on Tuesday. Wednesday was Christmas. I was traveling out of town but did manage to place some trades using my smart phone. I placed a total of 9 orders, 5 of which were triggered of placed live. I won 3 trades and lost 2. I did make a mistake on one of the losers, price was within the Moving Averages, also known as "no man's land". So, I should have not taken that losing trade. Once again I learn from my mistakes.
I was happy to have a 3% increase in my account this week. So, overall I am in profit for my first two weeks of trading. Next week we have New Years Day, but I hope the market volatility will pick up a bit and I can place more trades.
Winners: 3
Losers: 2
Non-Triggered: 4
Winning Percentage: 60%
Profit/Loss Percentage: +3%
Happy New Year Folks! I wish you all a very prosperous 2014!
Here's to your success!
Bill McManus
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Bill McManus