I didn’t do a whole lot of blogging because I’ve been working on a community (launching this month), but here are the top three:

1. Interviewed Pro Trader Adam Jowett and found out how he became a professional trader WITHOUT a mentor.
2. Posted (what I consider) the Ultimate Free Education Resource if you are looking to learn a lot about Forex without spending a dime.
3. Discovered a really exciting free mobile Forex charting app that I believe is going to revolutionize how you use charts on your tablet or mobile phone.

Now on to the trade review:

The final result for this trade was a +0.37% gain on the account and a +7.62% gain for the year. If you want to see all of my results, check out my MyFxBook Report and see how I started trading this strategy.

Do you post your trading results online?  I would love to see them (if you would like to share), feel free to post a link below so everyone can learn from what you are doing.

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So whenever I see a setup, I force myself to take it unless it is obviously bad or I’m on a really bad losing streak.  This was one of those cases where it didn’t look like a good setup.  But sometimes the ugliest setups turn out to be the most profitable and sometimes the prettiest setups end up stopping out.

It’s all about sticking to what you learned in backtesting.  Here is the short 2:50 trade review:

The final result was a +1.11% gain on the account.  To see how I started trading this trade from learning it, to backtesting it, to demo trading, then finally trading it live…check out the Wallaby posts.  It is in reverse chronological order, so go all the way back to start from the beginning.  My live trading record for this trading strategy is available here.

What do you think?  Feel free to leave a comment below.

Although I traded on Friday the 13th, I didn’t get a chance to review my trades until the 14th.  Being that it was the weekend, I wanted to get some sun.  I sit in an office with no windows all day, so good weather must be enjoyed.

So I took my computer down to Waikiki Beach to check the waves and review my trades.  That is the great thing about trading, you can do it anywhere, as long as you have a computer and an internet connection.

That gives you a lot of options.  Even if you want to keep your day job and trade on the side, at least you have the option of changing your scenery once in awhile.

Anyway, here are the two trades that I did:

The final result was a +1.81% gain on the account.  To see my trading report for this strategy, check it out here.  If you want to see the process that I went through to learn, test and trade this strategy, click here.

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Photo: dan taylor

I ended the month with +1.93%, so it wasn’t a bad month. I’m not quite back to the level that I was at back in January. On the whole, I’m satisfied with how the month went. There wasn’t too much more that I could do, given the setup.  To see all of my trades, check out my MyFxBook report.

I guess it could have been worse…could have been this guy:

Does that look familiar?  I hope not.

That is probably the worst Forex commercial ever.  They show a loser, but say that winners trade with Alpari.  Hmmm….

How was your trading this month? Let me know below.

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When I look back at some of these trades, I wonder: “What the hell was I thinking?”  Have you ever had that experience? That is why I would recommend logging your trades and doing a trade review after you are done.

It does not have to be on a blog, but you do have to get an objective look at how your trades went. You may even consider doing a video journal.

The final result was +2.45% on the account.  You can see all of my trades here.

Since I was on the freeway, I could not turn around.  I had to keep going.

Combine that with the speed and the fact that I was on a motorcycle and that made it almost impossible to take a picture of…it was elusive.  Eventually, I saw it enough times that I had to get a picture of it, just because it was so weird.   So I stalked it and here is the picture:

It looks a lot bigger in real life!

Consistent trading profits are also elusive.  Yes, that is a huge stretch…trying to connect a giant stuffed panda to Forex trading.  But I’m trying…

Anyway, here is the trade:

The final result was a +0.61% on this trade.  To see all of my trades in (almost) real time, check out my trading log and click on the full report.

If you have never heard of this movie, I would highly recommend that you check it out on Netflix.  I mentioned it before, but I never posted the video.  Or if you like to kick it old school, get the DVD.  I don’t find it inspirational because I want to do something crazy like this.  I find it inspirational because it shows us how far you can really take your passion.

Check out the trailer:

How far can we take our trading?  What is really possible?

Well, I was definitely walking the tightrope on this trade.  Here is the analysis:

The final result was a +1.03% gain on the trade.  As always, this was a strategy that was backtested and demo tested before ever risking real money.  You can check out the history of the process here.  The price action looked good and I should have let the final position run!  As I write this, I would have been up 252 pips, if I held on.

Oh well, this is why this blog is not called “Duh, Winning”.

But that’s not the right way to think.  I’m not going to should all over myself.  Lesson learned…bring on that next trade!

Hope you are trading well!

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Photo Credit

But I don’t feel too bad.  I have seen other trade reviews on the internet and most of them are equally as lame.  So I got to thinking…how can I actually make them interesting to read?  This is my first crack at it…

The Trade

Of course, since I am only trading the EURUSD Wallaby at the moment, that is what I traded.  Here is the video review.  It is short, so stay awake because there is a funny video after the trade review.

The final result was a +1.14% gain on the account.  To see the complete process of how I started trading the Wallaby, check out the Wallaby thread.  To see my complete trading results for the Wallaby going back to December of last year, view my trading record on MyFxBook.

I am currently trading live, but in a small account that was started with $100.  I am doing this to establish a real track record and demonstrate to beginners that they can start with very little money and take very little risk.

The Prank

What is the best way to get back at your “buddy” on the trading floor?  Find out in this video:

What do you think?  Does something like this make my trade reviews more interesting?  Let me know by leaving a comment below.