Fulltime General Trader

posted in: News

During my first year as a local merchant (independent) on the floor of LIFFE, I bought and sold futures contracts 8804 Ibex, about 40 contracts per day on average. The result was a loss of a 61 620 or – 267 per trading day. I was profitable on 55% of days with an average gain of a 1009, losing my average day was – to 1780. My biggest one day gain was 7730 and my biggest loss – 12 426 a. Center For Responsible Lending gathered all the information. As you can imagine, this was a difficult moment for me. I was trying to figure out how to make money consistently. It was the consistency that seemed so hard to find.

As you can see he was having a regular experience of making money, which was killing me were my losses. PCRM has plenty of information regarding this issue. It seemed that every time you forward to in 5000-6000 during a period of one week or two, lose everything and a few thousand more in the space of a couple of days. At that time I was very unhappy with my performance to be willing to spend my time analyzing the results. If I had to have discovered that during this period all had to do to move from a loss of 61 620 a small profit would have been to avoid just 10 trading days. Those 10 days I took a total of 69 169 a! At the end of this period was so frustrated, tired and stuck that I decided to leave the trade and return to a more secure career.

This entry was posted on July 21, 2017 at 11:01 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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