This month has been the first month, that I’ve lost more money than I have earned. A total los of 18% reduces my current trading balance by $30. So my current balance is $136.

I know the mistakes I made. The main reasons for the losses were:

• Lack of discipline
• Lack of concentration
• Testing

This website, as well as trading, is not my main business and I have been busy with other things. That’s why I have only been trading from time to time – which was not a good idea at all. I have not prepared my trades well and didn’t follow the price movements closely. I have opened positions that I did regret within the same minute.

Another big loss was due to something I wanted to test. A few weeks ago I made a trade in GBPJPY where I earned more by the swap than by the trade itself (klick for zoom):

I wanted to reproduce this but that was a bad idea (klick for zoom):

This trade went completly wrong and resulted in a loss of $20.

For the next month, I will take some time to update this website again and add a video of a scalping approach with Point and Figure charts, that I have promised a guy who wrote me an email. I am sorry I didn’t answer yet.