The Gold Trader's Niche: Summary #1: Week Ending June 2nd

 

Illustration: Typical Candlestick Chart used in trading gold in the FOREX market

Public Domain
Well, first off, since this program only began on June 1st, we are not talking about a full week of data (only 2 days). Nevertheless the results were quite positive:

 

Actually the results were:

Very Good

Bad


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And then Very Good

 

On Thursday, using the method I will be teaching in my videos, I made 10 trades. 8 were successful versus 2 loses; but the pip count tells an even more impressive story.

The total pips made during these 10 trades was 397

The total pips lost during these ten trades was 1.03

Hence in one day my total pip count was 396 (plus or minus)

 

On Friday I made a serious mistake due to my lack of discipline, emotional intelligence and sleep

Instead of going to sleep, based on the above mentioned successes, I decided to enter two more trades. Then, because of my ego, I refused to close them when I saw they were going bad.

 

This is a very serious personality failing on my part and I suffer many loses as a result

 

Today, I was lucky….

 

The market turned before there was very serious damage….there was serious damage, but not very serious damage.

 

By coincidence, the market turned right in the middle of my video. So, from a losing trade to a winning trade in about 30 seconds and all caught on camera !!!

 

https://www.youtube.com/watch?v=KsTEUHSkCIE

 

So the results for Friday were:

 

2 trades, both successful (only by shere luck)

Total pips: 485

 

Thus for two days trading a total pip count of: 881

 

Not too shabby……

 

You may contact me at:

 

DrorBenAmi@outlook.com