June was a positive month. Unfortunately, it was because of one trade that was a mistake. To me that is unacceptable because it wasn’t really because of my skill.
I am feeling more comfortable reading price levels and have been studying Chris Lori’s Pro Traders Club more intently as of late.
Here are my trades for June 2009:
Click above for larger image
Here are my results thus far for the year. That blowup month in January is killing me. Right now, my goals are to get back to breakeven and add money to my account so I can make more substantial sums. Two winning months in a row, I want to make it three!
In looking at my results for June, I have realized that I don’t take enough risk on some trades. When I am right on these trades they don’t pay enough to make up for the losers. I have to make my risk per trade more consistent so I can pay for the losers. I also have to find a way to maximize my winners. This can be done by stacking positions or leaving a little of the position on.
