Summary of my "adventures" as a daytrader and Scalper in Crypto (Futures mainly) and Stocks, Forex and Commodities.
I use two different trading platforms, for crypto I use BINGX (No KYC required), very low commissions and good service.
For Stocks, Forex and Commodities I use DARWINEX, a fully regulated broker and METATRADER 5 platform.
After two horrible months in my trading activity, we ended March positively with a 1.67% gain compared to my equity at the beginning of the month.
As you can see below, there have been 3 good weeks and a bad one where I lost 0.47%... yes, I know it is not much, and neither is the percentage of profit obtained but the important thing in Trading is not the profit, the important thing really is to "survive" and continue improving, winning in a sustained manner.
As you can see in the following graph drawn since the beginning of this year, I am immersed in a DRAWDOWN that led me to lose more than 5% of the trading account (dedicated to FOREX, STOCKS and COMMODITIES).
The lowest point occurred around February 22nd, since then, after adjusting some parameters of my operation, I am recovering little by little in a more controlled way.
The plan is to get out of this Drawdown in April although it can be quite challenging.
Data from this month:
Total No. Trades: 69
Win Rate: 63.77%
Profit Factor: 1,324
Posted Using InLeo Alpha
Surviving is the key. Not every week will be good and I think you are doing decent with your profit rate. The normal stock and equity markets are quite complicated. I am sure you will learn and get better at trading those in the future.
Very important..
I wish you a profitable April and I hope people can see the process so they dont assume that it was an easy ride when you start getting results
It's true that we don't have to make profit every month, there are times when we lose, it's part of business. You've worked hard and made a good strategy.
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You did great in the month of march and I am so sure you will do much more better in this month of April
March has really been good ober here and hoping it can be more better this month