How I'm turning my $1.500 into $1.000.000

[peti305]

Here is my statement for May, ended up with -9% loss.





Waiting for next week.

 

[peti305]

Well, last week was a complete disaster.
I wasn't at home, that's why I only update now.

On monday I traded the US Manufacturing PMI.
Got a loss

-15 pips




After it, the Australian GDP.
Got a loss,

-15 pips




Wednesday, the Canadian Interest Rate.
Loss,

-15 pips




After, the Eurozone Interest Rate.
Loss again,

-15 pips




Just after the EU Interest rate, the ECB Press Conference.
Got out from this one at break even.

0 pips

 

[peti305]

After it, still last thursday I traded the Canadian Ivey PMI
Got a win on this one,

+15 pips




Please note on this trade I always go just for 15 pips to win, it is not because I had losses before.

I am still proud because I was sticking to my strategy during the whole time.
And it is much better to get a drawdown while you have relatively low money, than when I will have hundreds of thousands

Currently my balance is at $2.500, so this sh*t wiped out all may profits made at March.
It was also a good wake up call to tweak my strategy a little bit.

Looking forward to the NZ Interest Rate Statement tonight to trade..

 

[csc2009]

Interesting thread, good work here. By the way do you trade every single important news?

 

[peti305]

Interesting thread, good work here. By the way do you trade every single important news?

Thank you. No, only those that historically have around or less than 25% loss ratio with my strategy.

 

[csc2009]

Less than 25% loss ratio? Is that based on your historical trading record? I think starting is always exciting but it's hard to keep on doing what you are doing. Good luck!

 

[peti305]

Less than 25% loss ratio? Is that based on your historical trading record? I think starting is always exciting but it's hard to keep on doing what you are doing. Good luck!

Yes, it is based based on the historical record. Thanks

 

[peti305]

Traded the New Zealand Interest Rate statement yesterday.
Made a win

+30 pips

 

[peti305]

traded the Norwegian Interest Rate Statement today.
Produced a huge move, and nice win.

+30 pips




With this win this month is finally in profit, so I rebuilt my equity after the horrible first week of this month.

 

[peeterwoolf]

How is your trading going? I hope you are going towards your target.