My CFD Journey: 171 000 USD in Profit
Yesterday, I was going to short Dow Jones at 24,250. Something told me to wait until the pre-market opened at 00:00 GMT+1 on my trading platform. Thank god that I waited. The Dow jumped up to 24,360 and I would have been in a bad position. After Dow’s worst week in years (last week) I believed we would still see a very choppy market where the bears were stronger than the bulls. As of today, this was the wrong conception. I traded Dax last night and did some OK profits. Then I turned back to Dax this morning and went long and short a couple of times. I did some mistakes which ended up with more than 100 000 USD in loss. I managed to regain what I initially lost by entering some monster trades that I kept for a while turning in decent profits. Then I traded Dow this afternoon going long and shorting peaks. Both worked very well. I’m now up 171,000 USD today. I’m happy with that.
|Order||Entry Price||Take Profit||Stop Loss||USD||Bank Roll USD||% of Start Cap.|
|Day 1||25.01.2018||Dax||Buy||13268||13274||13262||6 472,52||264 537,03||2,51|
|Day 2||26.01.2018||Dax||Sell||13342||13318||13392||7 642,84||272 179,87||5,47|
|Day 3||29.01.2018||Dax||Buy||13331||13336||13313||12 508,39||284 688,26||10,32|
|Day 4||30.01.2018||Dax||Buy||13226||13233||13176||6 625,94||291 314,19||12,88|
|Day 5||31.01.2018||Dax||Buy||13217||13230||13187||26 474,06||317 788,26||23,14|
|Day 6||01.02.2018||Dax||Sell||13291||13265||13327||10 834,58||328 622,84||27,34|
|Day 7||02.02.2018||Dax||Buy||12797||12825||12772||72 314,97||400 937,81||55,36|
|Day 7||02.02.2018||Dow||x||x||x||x||−340 000,00||60 937,81||−76,39|
|Day 8||05.02.2018||Dow & Dax||x||x||x||x||353 333,33||420 000,00||62,75|
|Day 9||06.02.2018||Dow & Dax||x||x||x||x||236 933,20||656 933,20||148,33|
|Day 10||07.02.2018||Dow & Dax||x||x||x||x||278 933,47||935 866,67||243,84|
|Day 11||08.02.2018||Dow & Dax||x||x||x||x||212 533,33||1 148 400,00||303,39|
|Day 12||09.02.2018||Dow & Dax||x||x||x||x||272 266,67||1 420 666,67||387,68|
|Day 13||12.02.2018||Dow & Dax||x||x||x||x||171 240,00||1 591 906,67||400,93|
If you look at the % of winning trades, it’s slowly decreasing. This is a bit worrying as I would like to keep at least 60% as winning trades. If I reach 50%, that means I won’t be profitable. However, the market is very choppy now, last week we had a clear downtrend which was easier to follow. Now you need a few trades to get the correct momentum on your side. I have to work on improving this number.
The image above shows that I’ve been making less these past days, but this is a strategy from my end as I want to risk less of my bank roll and want to have more winning days than big drawdowns that might happen if I risk too much. It’s better to make some money than to lose money.
Also read: Never lose money