Journey to CFD crypto trading - Cope with more losses
About a month passed, there's not much movement in the market. Mainly consolidating and profit taking. Those who entered the crypto back in September 12,2018 had got a good month if they took their profit. As for those who had not, will suffer some injury to their pocket. Anyway, this is CFD trading, so whatever hurts is not the crypto, is in FIAT value. The system I am designing so far looks promising still, soon I will be designing the code if everything goes well. By that time I will share with my reader on how to design and put them into code, and run the automated trading with MetaTrader4.
The above is my account balance chart. I managed to secure some $800 balance at one point, but then gradually lose some back as I still have some orders floating in the market. Until few days ago all of them struck stop losses and left me with a dent on my beautiful equity chart. Let's get to my detail analysis from below table generated by MT4.
| Summary: | |||||
| Deposit/Withdrawal: | 280.00 | Credit Facility: | 0.00 | ||
| Closed Trade P/L: | 435.40 | Floating P/L: | -11.46 | Margin: | 4.27 |
| Balance: | 715.40 | Equity: | 703.94 | Free Margin: | 699.67 |
| Details: | |||||
| Gross Profit: | 582.91 | Gross Loss: | 147.51 | Total Net Profit: | 435.40 |
| Profit Factor: | 3.95 | Expected Payoff: | 3.85 | ||
| Absolute Drawdown: | 0.00 | Maximal Drawdown: | 128.15 (15.38%) | Relative Drawdown: | 15.38% (128.15) |
| Total Trades: | 113.00 | Short Positions (won %): | 5 (0.00%) | Long Positions (won %): | 108 (65.74%) |
| Profit Trades (% of total): | 71 (62.83%) | Loss trades (% of total): | 42 (37.17%) | ||
| Largest | profit trade: | 60.97 | loss trade: | -25.55 | |
| Average | profit trade: | 8.21 | loss trade: | -3.51 | |
| Maximum | consecutive wins ($): | 33 (442.39) | consecutive losses ($): | 6 (-1.81) | |
| Maximal | consecutive profit (count): | 442.39 (33) | consecutive loss (count): | -71.91 (4) | |
| Average | consecutive wins: | 4.00 | consecutive losses: | 2.00 |
By the look of the statistics, everything looks ok. The account are still holding well with more than doubled of the original fund. The only trouble is, recent one week it already suffered a big loss. I will have to relook into the exit strategy to avoid and to minimize possible losses. Note that CFD trading are involved with leveraging(margin) trading. Any gain or loss are more than what I have deposited into the account and bigger than the actual transaction. Leverage trading is a double edged sword. It can make big profit, and ofcourse can lose my underpants overnight.
I would like to thank all my friends and family who has been supporting me. Feel free to leave me feedback by clicking below yellow banner. > 谢谢大家一直以来的支持和对我疼爱有加。如果方便，请你点击下图到我的个人资料网页为我留言请我吃星星哈。
CREATING YOUR PROFILE IS EASY! JUST FOLLOW THE STEPS HERE ☜(ˆ▿ˆc)
Hey @davidke20 is it alright if I mention you in my posts sometimes? Probably take a snapshot of your latest post, @ mention you and make a small comment. It would be alongside my memes. If you don't want to that is fine as well.😃
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Can. Like featuring me in your memes? Not a problem. You can even make fun of it if you want to 😄 but no personal attack please.
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Got it!👍
I could put you in a meme. Lol I want to promote the people I like on Steem and you're one of them!
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吃了吗？这是哪里？你是谁？我为什么会来这边？你不要给我点赞不要点赞，哈哈哈哈哈哈。假如我的留言打扰到你，请回复“取消”。
You got a 45.34% upvote from @ocdb courtesy of @davidke20!