Another week of trading is done. Here goes the review:
Days of trading: 5/5
I traded 5 out of 5 possible days.
Rules followed: 5/5
Following the simple risk management rules is critical for maintaining my account and sanity. It is crucial in avoiding any high-risk behavior.
Profit / Loss on the week: 10.59%
The account went from 3320.33 DKK at the beginning of the week and ended at 3672.16 DKK. That’s a positive return of 351.83 DKK equal to 10.59%.
I have withdrawn 2.5% of the account as per the business plan.
Thoughts on the week
My performance correlates a lot with S&P 500. If the market is positive, my trading is very positive. If the market is red, my account is bleeding. So considering whether to only trade when the S&P 500 is positive on the day. My personality is very optimistic, so I believe the long side in general is best suited for me.