I am posting my results to prove that with proper money management you can make money with success rate less than 50%. This was a bad month because my success rate was below 63% which is my average but also because I had a high drawdown, nevertheless I have grew my balance by 25%.
Let's Analyze
Profit Factor = profit/loss =1.33 not bad but it could be better I average about 1.6
Drawdown= 17.87% this is way too 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!!! I make mistakes too.
Total Trades = 109 which means about 5 per day - 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= 47.71% which means that the nice RR and proper placing of stop-loss and target did all the work. Otherwise with 47% success + Spread+ Commission our balance would have been way down.
Consecutive profit=10
Consecutive loss=8 - Do not get disappointed on high consecutive losses , stick to your system.
I hope this helps your psychology and trading.
What I meant by bad month was not financially but concerning the other metrics: success rate, draw down, etc. But then again metrics do not feed you, € feeds you.
Therefore starting with 100€ and compounding 25% each month this is where you are going to be after year!
...now starting adding a 0s at your starting balance and also to the result. You get the picture!
thanks for sharing , i did same mistakes all the time , but you really open my eye to read big picture .
%25 profit sounds like a pretty good month to me
Thank you for the honest report!
Yes, I make the same mistakes, moving stop to next level 🤔. Then review previous trades and realise how much better the results would have been if stops were left alone... Will learn one day!