January summary.

My target at the end of December was to have my first £100 month in January. I didn't quite manage it, in fact I made the amazing sum of £0.25! I wont go in to all the stupid mistakes I made this month as I have posted about them already, but I hope January will drill it in to me to close out as soon as possible if I go in-play, even for a seemingly painful amount. If I had closed out for an £8 loss on the day I lost £40, then I would have been up £32 for the month, which seems like a really good amount just now. This is the major hurdle I have to get over at the moment, to remember that trading is a long term thing, and that it is possible to get back a loss fairly easily. This knowledge has helped me a bit I think, as I am being a bit more aggressive(well, a bit less fearful anyway) about putting in a trade when I perceive an opportunity: I am less scared of getting a loss.



So heres the PnL:
I am pleased with the way I recovered at the end of the month.
Heres the average PnL per event, not much I can tell from this.


And the daily strike rate: I felt that my trading was improving, despite the number of off days, and this is reflected in my improving strike rate. I am finding better entry points, and making better decisions about where my exit points should be. I am also starting to eliminate the "greedy" entry points where I try and jump on a swing right at the end of its life, and then have to cut out when it bounces back. Sometimes I am able to wait out the bounce as I am fairly confident it will return or at least lessen my loss.



So I think I learned a lot this month, we shall see if I can put it into practice in the next month.