Gold Whisperer - Trading Recap – June to August
Looking back at the last three months from June through August, I’m very happy with the results from a percentage perspective.
Overall, the performance has been incredible. However, I wasn’t completely happy with the market conditions,
as the summer months can often be challenging, with price action often being less predictable and more difficult to interpret.
During August, I experienced some bigger drawdowns and as you know I also took more trades. This often happens when the market is very indecisive.
I tend to cut losses very quickly, so several small losses can add up in these conditions. However, when I catch a strong move those losses can often be recovered within just a few trades. Despite the drawdowns, I was still able to finish most days in profit. I always try to be transparent about both the positive and more challenging periods. Strong percentage returns are great, but I also look at the quality of my trading, the drawdowns and overall market conditions.
Going forward, I plan to use more trades rather than simply increasing lot sizes, as this gives me easier and more precise risk control.
I will also keep my trading balance capped at around $5000, withdrawing profits from time to time to maintain the balance around this level rather than continuously increasing the account size.
Lastly, I’m thinking about creating a Telegram channel where I can provide more frequent updates, and keep everyone more regularly informed about the trading.
Thank you to everyone!
Looking back at the last three months from June through August, I’m very happy with the results from a percentage perspective.
Overall, the performance has been incredible. However, I wasn’t completely happy with the market conditions,
as the summer months can often be challenging, with price action often being less predictable and more difficult to interpret.
During August, I experienced some bigger drawdowns and as you know I also took more trades. This often happens when the market is very indecisive.
I tend to cut losses very quickly, so several small losses can add up in these conditions. However, when I catch a strong move those losses can often be recovered within just a few trades. Despite the drawdowns, I was still able to finish most days in profit. I always try to be transparent about both the positive and more challenging periods. Strong percentage returns are great, but I also look at the quality of my trading, the drawdowns and overall market conditions.
Going forward, I plan to use more trades rather than simply increasing lot sizes, as this gives me easier and more precise risk control.
I will also keep my trading balance capped at around $5000, withdrawing profits from time to time to maintain the balance around this level rather than continuously increasing the account size.
Lastly, I’m thinking about creating a Telegram channel where I can provide more frequent updates, and keep everyone more regularly informed about the trading.
Thank you to everyone!
