Its probably not a good thing that the coin came up heads and I get into a long EUR/USD trade immediately after a 92 pip 2 hour run. I expect this one to be over very soon but I take solace in the fact that I wouldn't have gotten into this trade on my own.
On the other hand the markets have been known to be crazy from time to time.
On a more positive note I noticed something this morning I wanted to share...
Keep in mind Rule #4 from the Rules of the Model Portfolio
"Rule 4: The portfolio is organized into 3 accounts: Savings, Investing, and Trading.
These 3 accounts play off of each other's strengths and weaknesses."
Now take a look at the different accounts...
Trading: Coin Toss demo account total losses -$6.36
Investing: Average monthly income estimate: $6.83
What a great example of portfolio management. Even with a troublesome 25% trading accuracy rate the portfolio is still positive for the month.
Disclaimer: The investments and trades in my videos and blog entries are not recommendations for others. I am not a financial planner, financial advisor, accountant, or tax adviser. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets.
On the other hand the markets have been known to be crazy from time to time.
On a more positive note I noticed something this morning I wanted to share...
Keep in mind Rule #4 from the Rules of the Model Portfolio
"Rule 4: The portfolio is organized into 3 accounts: Savings, Investing, and Trading.
These 3 accounts play off of each other's strengths and weaknesses."
Now take a look at the different accounts...
Trading: Coin Toss demo account total losses -$6.36
Investing: Average monthly income estimate: $6.83
What a great example of portfolio management. Even with a troublesome 25% trading accuracy rate the portfolio is still positive for the month.
Disclaimer: The investments and trades in my videos and blog entries are not recommendations for others. I am not a financial planner, financial advisor, accountant, or tax adviser. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets.
I'm glad you posted that about portfolio management working. It is little points of evidence like that that can keep a trader on track and focused amid the inevitable drawdown.
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