Monday, July 4, 2016

Semi-Annual Review: Jan to June 2016

Whew, we're halfway through 2016 already! That means I've got six months worth of trading performance to review for your pleasure. :)

Trades opened: 63
Account growth: 18.17%

The first few months were choppy. I initially focused on only trading the majors, then added the minor pairs halfway through February. The equity curve picked up after that. (Protip: ignore the "expert" advice about trading the majors only. If you trade the minors as well, you have a greater selection of setups to choose from.)

I've been pretty conservative with my position sizing, and tend to risk between 0.5% and 1.5% per trade. During the last few months, though, I've increased my max position size to 2%. I'm still committed to my drawdown rules (my general rule is to halve my max position size after a losing month, and double it after a winning month, up to a max of 2%). 

The last few weeks of June were really quiet. Because of a cluster of events like 'Brexit' and numerous interest rate decisions, I chose to sat most of June out. Psychologically, I began to lose touch with the market, and my research and backtesting slowed to a crawl. Keeping engaged with the market is crucial, even during "downtime". 

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