Wednesday, 30 June 2010
June was a month of mixed results for me. My PnL is more of a straight line up than it has been the last couple of months, and I have only had 5 losing days( 6 if u count the £0.05 loss), so I feel I have made progress in being a bit more consistent. I am still making too many mistakes though. A couple of inplay errors, some slack thinking and slack reactions, and getting caught out by the mad bomber on a few occasions, has meant that my profit isnt as high as it should be. A number of times I have put in a trade in a weak market, the market has moved away, so I put in another trade, it also doesnt get taken, and I leave them in, then the market comes back, and I sit there hoping that it will stop at my trades. Sometimes it does, but if it doesnt then it generally goes through both trades and moves a number of ticks leaving me with a loss that hurts both my emotions and my PnL, since it is a double sized loss. I need to be more careful to remove trades that have not been taken.
I guess I should be happy that I am in profit, seemingly only 5% of traders are. Its tough to keep a level head when you see or hear about others that are making good money and it can make me try and force things sometimes. If I can stay calm and concentrated, do the simple things right, and stay out of trouble, I should see my PnL grow.
Posted by neil at 22:34