2009-12-11

Day 30 - "Decent revenue"

Author: Arslan | Posted at: 12:28 PM | |

Today I placed some pretty decent trades, and pocked in 8,86 $ which is below the daily target. Im now ca. 11 bucks behind the total net worth target. I will give my best to reach the plan again next week, in this project patience its all about.

Targeted Day-profit: 9,76 $

Achieved Profit: 8,86 $

Targeted Cash Balance: 284,78 $

Current: 273,48 $


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2 Kommentare:

Herick on December 14, 2009 9:36 AM said...

Hi Arslan! I'm a avid reader of your Website here from Brazil. I'd like to ask you a question, usually how many time is the duration of your trades? Thanks!

Arslan on December 14, 2009 4:43 PM said...

Hi Herick, I really appreciate your Interest in my project. It depends on the volatility of the market. Usually I try to close the positions the same day I placed them, but of course sometimes that wouldn't be clever so I close them the next day if they dont run into the stoploss/takeprofit or if I placeed them close to the end of the day. I think on average I hold the positions just few hours. My broker does not allow scalping so I must not hold the positions in "very short" timeframes anyway. The next argument is ofcourse that I try to avoid paying interest for holding the positions for a longer period. You see there are several factors which influence my decision.

Regards,
Arslan

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