April recap

Hope everyone enjoyed the labour day. Another recap on april to see what went wrong and what has to be improved.

Total of 45 trades taken,

• Winning trades : 11
• BE trades : 13
• Lost trades : 21

I started this plan in a confuse which resulted in a couple of big losses. Through improvement my losses became smaller and i felt that any trade risking more than 100 pips was not worth it, because thats the most i can afford to lose in a single trade and fear and hope sets in when i see a trade losing more than 100 pips.

The plan was improved further when i started looking to breakeven my trades and i ended up having alot of breakevens. But most of it did not reach my TP levels, so its a good thing. Then i started looking at trailing my trades, so after the breakeven point it was trailing. So i had some profits even if the trade went bad. As usual there were trades that went bad from the start, but that did not bother me as i know not all trades are winners.

But losing trades were made small and winning trades were made to run to the max and winning trades that became losing trades were stopped at breakeven and better still breakeven trades were made profitable with 3 pips.

All in all April was profitable with 59 pips.
Lesson learned

• Do not to trade when confused, always happens but i got to fight it.
• Wait for the setup. Be patient.
  
• When the setup occurs, act do not think.
• Set SL immediatly, move to BE as soon as price reaches the BE price.
• Trail the price after BE is set.
• Have a profit, forget it. Have a loss, forget it even faster.

May starts, and i am going in with 2 outstanding trades. This month will be profitable as April. Good luck and best wishes to all.