November 2014 trading profit and loss report – A Profit of 18.15% this month on my trading P/L account balance, with a Win Ratio of 75%. (Click on the image below to enlarge)
My November Trading Profit and Loss Report takes me over my whole year profits from the last financial Year with the November monthly P&L at 18.15% profit, taking my Financial Year to date profits to 88.17%. I carry over 7 main trades into December and I have 6 or 7 strong potential trades in my watch list that should trigger in December on both Short and Long positions in these, still, changing market conditions. My Scalping Strategy will remain mainly on those trades that are open and have strong momentum, but will be complimented by EURUSD as I did in November with the only restriction on time really.
The Win ratio for the month was 75% with an average win size of 1.54% on my trading account balance, which is an increase on last months figures so heading in the right direction. The Trading Profit and Loss Report for November has reflected the set scalping profits of 1.6% per trade and will continue to play a major role moving forward in the average win size. I am finding it difficult to hedge this with larger win sizes on EURUSD and DOW Scalps as I sometimes don’t have the time or confidence to push for higher profits, something I need to work on. I will remain disciplined at 1.6% on the scalps on current open longer term trades as these will be to turbo boost the main trade. The table below shows the updated figures for the financial year to date against my targets and last years figures. This month’s Trading Profit and Loss Report has seen my average monthly profit go to 11.02%, which is still double my target for the year.
My Win Ratio for the year is slightly above target moving into the last month of my third quarter. The Average win % has dropped again and is mostly due to the win size of the scalp trades. I will look to increase win sizes on certain Scalp trades and when more main trades are in, I will see a natural increase in win size also leading into the end of this quarter trading results. I am carrying over 7 trades into December with an increasing amount of trades on the watch list, as the markets are starting to settle again. As with last month, my conservative approach to entry strategies will remain until the market has decided in the direction it is going. The target for December is to consolidate my position for the run into the end of my third quarter, whilst still looking for strong high probability Scalps on my open main positions.
|2013/2014 Targets||2013/2014 Actual Figures||2014/2015 Targets||2014/2015 Current figures|
|Average Monthly Profit||3%||6.55%||5%||11.02%|
|Win Ratio for the Year||60%||55%||60%||64%|
|Average Win %||1.6%||1.96%||2.2%||1.7%|