September 2014 trading results – A Break Even this month on my trading P/L account balance, with a Win Ratio of 50%. (Click on the image below to enlarge)
September was a consolidation month where I time stopped and closed trades that had been on far too long. The month overall was at Break Even keeping my Financial Year to date profits at 58.62% and closing off a very profitable second quarter for my trading P/L account. The Scottish referendum during September really had an effect on the Forex market and took me out of two trades giving me 2 of the 5 losses this month, but I finished off the month with a strong USDCAD trade that helped regain my confidence in my Forex Trading Strategy. This is the first time since starting my trading diary that I have had a Break Even month for my trading P/L account and I can say that I did take profit early in the USDCAD trade to cover off the losses for a clean month.
The Win ratio for the month was 50% with an average win size of 1.02% on my trading account balance, which is below my minimum desired average for winning trades. Considering that 4 out of 5 of my winning trades this month were time stopped with low profits, I am happy to walk way with a Break Even statement for my trading P/L account for September. These trading results for September were a stabilizing influence to close out my Second Quarter results. The table below shows the updated figures for the financial year to date against my targets and last years figures. This month has seen my average monthly profit drop below 10%, smoothing out the sharp increase due to the very profitable months of July & August.
My Win Ratio for the year is on target at the half way stage of this financial year. The Average win % has dropped slightly due to time stopping four trades in September resulting in low profits. As with last month I am carrying over 9 trades into October with a low amount of trades on the watchlist, which is a direct result of the indecision in the markets and my conservative approach during these times. I currently have Trailing Stops on 3 out of the 9 open trades that lock in 2.15% profit on my trading account balance. The target for October is to increase the number of high probability trades going into the Sausage machine and build up a good positive momentum for this new quarter on my trading P/L account.
|2013/2014 Targets||2013/2014 Actual Figures||2014/2015 Targets||2014/2015 Current figures|
|Average Monthly Profit||3%||6.55%||5%||9.77%|
|Win Ratio for the Year||60%||55%||60%||60.26%|
|Average Win %||1.6%||1.96%||2.2%||1.92%|