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AUGUST 2022 - Financial Results Analysis

I am posting my results to prove that with a good system and proper money management you can make money. August was a vacation month with fewer trades, more selective trades. Another very successful month growing equity by +24%.

Let's Analyze

Profit Factor = profit/loss =1.94 not bad, I average about 1.6

Drawdown= 9.7% a bit high should be less than 5%, ideally 3%. This is were you move your stop loss thinking that price will hit the next level (sup/res/fib) and turn in your favor, wrong!!!

Total Trades = 42 which means about 2 per day due to vacation- with my trading methodology on 1HR charts I consider between 2-6 per day to be ok, more than 6 you might be overtrading.

Profit Trades= 59.52% which means that the nice RR and proper placing of stop-loss and target did most the work.

Consecutive profit= 10

Consecutive loss= 2

I hope this helps your psychology and trading.

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