April 2012 Trading Results

Hello Traders,

April 2012 Report:  Summary of Trading Activity

April 2012 Monthly Report:  Monthly Statement

Capital Performance:

Initial Capital $2,510.00

Gross Profit $9,448.00

Gross Loss $(6,840.00)

Total Net Profit $3,108.00

Reward 123.82%

Drawdown $(1,120)

Risk (44.62%)

 

Trade Performance:

Winning Percentage 45.12%

Number of Trades 82

Number of Wins 37

Number of Losses 45

Average Profit per Trade $37.90

Average Win $268.86

Average Loss ($152.00)

Max Win $1,304.00

Max Loss ($266.00)

Profit Factor 1.45

Payout Ratio (Avg Win/Loss) 1.77

April overall seemed to be a tougher month for me to trade.  I see that I just about doubled my trading entries from 31 from the prior month to 51 during the month of April.  Obviously, there is always room for improvement.

I believe the trading strategy/method is developing at a decent rate.  I see 3 trading days which accounted for 26 trades of the overall 51 trades.  Here in my humble opinion, lies the answer to the overtrading scenario.

I believe additionally, I can perform better than I have shown so far.  As I continue to develop this trading strategy/method and implement the correct discipline to each trading day, then my performance should naturally get better as a result.

The graph of my trading account shows areas of needed improvement.  But it is also a healthy increase of capital as well in two months of trading.  I know with more trading discipline these results will improve as I continue to understand exactly how to operate and continue refine the trading strategy to capitalize on each month.

 

Good Trading,

David ‘Tiger’ Knight

 

 

About The Author

David M. Knight

I am a 30 Year Futures and Commodities Trading Veteran. In addition, I enjoy games of skill and chance like: poker, craps, blackjack and roulette. During my professional career, I have developed and implemented successful trading strategies and methods; along with winning systems in games of skill and chance. Join with me on our mutual journey together.