Well the first six days of trading have not gone too badly. Firstly here is a brief summary:-
16th April 2010 - £8.37
17th April 2010 - £6.98
18th April 2010 - £9.01
19th April 2010 - £6.03
20th April 2010 - £10.57
21st April 2010 - £2.20
As you can see, I have managed to make a profit everyday. As I have a start bank of £100 I am only carrying out small trades to start off with. All my trades have been in the football markets and the tennis markets. I always set a stop loss of 5% of my bank. This means that if a trade goes against me, I will only ever lose 5% of my bank.
Yesterday (21st April) I only made a profit of £2.20. This was a hard day of trading, as early in the day whilst trading on the tennis I lost my concentration and made a mistake resulting in a loss of £18. However, as the day continued I made some of the money back on other tennis matches and then finally locked in a profit for the day on the Bayern Munich Vs Lyon champions league semi-final and the Hull Vs Aston Villa league match. So overall I was pleased with the small profit for that day.
No reds is very moralizing for a start!!!!
ReplyDeleteIf I understood correctly, you have a stop loss of £5 right?
Wich stakes are you using?