Happy New Year for 2017!
I want to wish you
great year in 2017 for your own personal trading. I was pleasantly surprised
that many readers of my blog sent me Merry Christmas and Happy New year
messages. Thank you for all of your kindness. I started this blog with the goal
of sharing the reality of trading to others. Judging by the
emails that I receive, it has been making a positive impact. Once again, thank
you for sharing your stories and I hope my blog will continue to benefit you in
some ways.
Here are my
performances for December 2016. Account statements and performance summary
pages have been updated.
-1.47% on Trend Following account
-0.06% on PAMM Growth account
The growth account
registered a small loss from only 1 trade. I am now half way through my second
year of proprietary trading. The first half of this 2nd year had 11 trades, 10
losses and only 1 winner. The account is down -1.59% compared to the beginning
of the year. This is risk management in action. Considering that I risk on
average 0.5% per trade, this is effectively showing that I have taken 3 losses
instead of 10. I work hard to give back as little profits as possible during
the more difficult periods of trading. The reality of trading is that every
trader will go through periods of draw down and my number 1 priority in trading
is to survive the down periods as best as possible.
This year will
bring along new projects for my trading. February 24 is my live trading
challenge with Charlie Burton at the London Forex Show. I am also doing day
trading using multiple strategies, systematic and discretionary. One of my
goals for 2017 is to take up more discretionary trading to gain more experience
with different market conditions. You can see my progress on Twitter (check the photos).
Wishing you a
profitable year for 2017.
Viet
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