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5 Minute Trading - Fri Aug 10

5 Minute Trading - Fri Aug 10

No tears, no excuses - the strategy is 0 from 7. Managing drawdowns on capital are an important part of trading. I've prepared financially and mentally for a worst case scenario. However, with 16 trading days remaining the strategy requires only 6 successful trades to show a profit. I'd like to see one soon.

Here are today's levels:

And the results so far:

Loss so far (and maximum drawdown!) is 105 pips.

You can read more about the "Five Minutes a Day Trading" strategy here:

http://blog.cmcmarkets.com.au/2012/07/31/five-minutes-a-day-trading/