August has been pretty brutal. My account slid -2.93% for the month.
Trades: 18
Account growth: -2.93%
July and August has seen volatility drop across a large number of pairs, especially the JPY and GBP. Most of my systems rely on breakouts with a trend, so quiet, indecisive markets hurt me alot. I think this hole needs to be plugged, so I'm going to spend September focusing on researching quiet market conditions, and hopefully come up with something that's tradeable.
As mentioned in my previous post, I've already reduced my risk for August to a maximum of 1.5%. But my drawdown is becoming uncomfortable (around 6% now), so for September, I'm reducing my risk further to 0.5%. At this point, it's not about making money. It's about stopping the bleeding, and waiting for my equity curve to turn upward again with some consistency. Once that happens, I can bring up my risk again.
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