Podcast:
How Was Your Trading Year in 2017?
In this weekly video:
00:25 – Were you profitable in 2017?
01:00 – Look back at your trading year and make a good analysis on your performance
01:45 – Use the quieter market and the benefit of hindsight to improve your trading next year
02:25 – Have a look at my 255 videos and podcasts over the holidays
02:50 – Strength and weakness analysis and free trading strategy
03:16 – 2017 in summary and helping create independent and profitable traders
04:10 – If you want my help in 2018, just contact me and I’ll be glad to help
04:25 – Merry Christmas and Happy New Year
How was your 2017 trading year? Was it a good one? Let's talk about that and more, right now.
Hi Forex traders! Andrew Mitchem here, The Forex Trading Coach. Video and podcast number 255, and this is the last video and podcast of the year 2017.
Were you profitable in 2017?
So it's a good chance and a good time right now to reflect on your trading year of 2017. How was it? Was it a good year? Have you been profitable? Have you lost money? Have you broken even? How was it overall? Were there certain months, were there certain times that were good, that were not good? And certain types of trade patterns that you took. Are you a news trader? Are you a technical trader? What kind of timeframe charts do you trade? What has worked for you? What has not worked for you? It's a really good time.
Look back at your trading year and make a good analysis on your performance
It's an important thing to do right now is just to look back at that year. With the benefit of hindsight, what would you do differently? What did really work for you? What didn't work? Where's the consistency? Is there consistency? Is your trading all over the place? Are you getting a high win rate but still losing money? Different things like that. Have you had a few big terrible trades that have wiped out lots of gains? And I think it's a really important time to reflect and to go back and look at your trades, look at them on the charts, and just use that benefit of hindsight. Was that a silly trade to take? Did it break all my rules? Was it a great trade? Why was this a good trade, and what did it have as the setup?
Use the quieter market and the benefit of hindsight to improve your trading next year
What can you learn from that? Use this quieter time now on the market, because really the market from next week is going to be fairly quiet. I'm going no longer than Friday the 22nd of December, probably even maybe a day or so finished trading before that, and I'm not going to start trading until at least Wednesday, the 10th of January. I really want to get into that first full week of the year, and the Monday and Tuesday the 8th and 9th are quite likely to be a bit slow, so Wednesday the 10th at the absolute earliest for me before I start trading again into 2018.
Have a look at my 255 videos and podcasts over the holidays
So what can you do over this holiday period? Well, I encourage you to go and have a look through a lot of my past videos and podcasts. This is video and podcast number 255, so there's a massive amount of information there for you to go and look through. Do you want to look at trading daily charts? Do you want to learn about different timeframes, reward and risk? Low risk per trade? All those different things. There is so much information freely available on my website.
Strength and weakness analysis and free trading strategy
You can go back through my strength and weakness analysis, have a look on the daily charts. How could you best use that with your own strategy? If you don't have a strategy I have a freely available strategy available on my website for you to download and to learn from. I have a risk calculator there available.