Thanks, I appreciate the kind words. From all the years I have been trading and from other forums and talks, most people didn't want to see small value trades or poor weeks. I can't even post my trade totals anymore because Oanda removed that account tool. I am a pretty transparent and honest trader. But as I have said before in my posts, I can't always trade or post. I sometimes goes weeks without trading. So some of these were all the trades I took for a six month period. I used to only trade a $2k account, and make between $500-2k a month and then withdraw it and start again, only since 2020 did I ever trade accounts over $5k.
I don't have those records or screen shots available. It was good trades, but lower value accounts back then. Obviously I have trades that go against me too, not saying I am perfect. I have most of my net worth tied up in my stocks. I used to just trade forex for fun money, using a couple thousand to make a couple hundred a week or more to spend or throw into more stocks.
Account right now is around $7,300. Made like $680 last week. Should be over $12k by May or earlier if things go well. In case people got confused with me posting trades from a year ago, this is a journal that I have kept in real time on other forums, forexfactory mainly, also babypips and earnfx and recently trade2win. I am mainly using this as a way to save my trades in a place easily referenced. I am slowly drafting a few ideas for trading/investing/personal finance books, I used to be a dividend investment blog writer for a few years. Typically I add $250-500 into my forex account each month, but if I am in the process of getting my funding ready for my stock account I will skip a month or two. As I invest like I am my own "pseudo hedge fund", this is a unique novel approach that has enabled me to make a broad spectrum of investments into many sectors at times over the years.
hm...average hold time for winning trades is 15 hours, average hold time for losers is 7 days. Do you add to losers and hope they recover somehow?
Many forex traders do Martingales. It accounts for the >90% win rate but can wipe out the account on a few losers. The real fun starts when they make a Martingale ladder in both directions.
right. The high win rate is very bad. This is a typical high win rate trader's results: win 1 tick win 2 ticks win 1 tick win 3 ticks win 2 ticks loss 100 ticks win 1 tick win 3 ticks win 2 ticks loss 200 ticks (but the position is still open). win rate : 90% profit/loss : -85 ticks perhaps OP is a highly gifted trader. But then, he didn't disclose how he was trading. He just disclosed all the wonderful results.
I don't trade a martingale system, just have a big cash reserve. I usually only close out trades when it passes a certain value depending on how much that trade is worth, or breaks through a range channel. I only scale into and out of my trades when they are in profit, never when they are bad trades. Another thing to keep in mind is that since I trade a range of correlated pairs, usually if I am down on one pair I am up on another.
OP showed 254 winning trades (avg profit $95.47) and 22 losing trades ( avg loss $65.77). That means: expectancy is $82.62 from all the profits he made in winning trades, he gave back in losing trades 5.96%. If his trading during the whole years is similar, it is not the 1-2 ticks profits and 100 ticks losses from your post. 276 trades in total give already more or less an idea about the performance. I think it is above average. I do worry a bit about the holding time of losing trades. If markets are range trading it is not so dangerous, but if there is a real trend and he is wrong, it might get quickly bad.
Do you find that your losers average adverse excursion is 'large' relative to your winners average fortunate excursion? Got numbers?