Week 4: Join me as we find out how quickly can I lose $1,040.73!

This week was another double digit week.  I needed this shot in the arm as last week's similar losses had me doubting my new investing system.  Still, this week's gains were not enough to put me back on target.  Had I achieved my goal of 10% weekly growth, with compounding I'd be up 46.41% right now.  As it is, I am up only 41.34%.  I am hoping that with the lessons learned from Week 3, I'll be able to limit my losses and get back on track.

Another thing that is getting kind of tricky is how much should I increase the size of my trades as my account keeps growing.  I obviously have to increase the trade size in order to keep the same percentage growth on a growing account.  However, if I increase it too much or too soon, I run the risk of sucking up all my margin and wiping my holdings.  This actually happened in Week 3.  So far, I have settled on increasing 1 mini lot on one of my strategies every time the account goes up $500.  Next mini lot increase is when the account reaches $2,000.  Hopefully, in 3 weeks.

Starting Capital:     $1,040.73
Current Balance:    $1,470.97

Performance:    41.34%

Week    Performance
  1                13.14%
  2                17.71%
  3              - 10.54%
  4                18.62%

CAS

Week 3: Join me as we find out how quickly can I lose $1,040.73!

Last week was our first losing week.  Even though we did recover a good part of the initial loss, we still closed the week down 10.54% from when the week started.  A lot of the people that post on the forex forums I read also had similar losses so I will chuck it down to the market and not my strategy.  I hope this week proves to be a bit more sane.  The whipsaws and fakeouts of last week were just crazy.  Funny enough, I run a second account that had about $680 when the week started.  I tried some short term conservative strategies in that one with no aggressive strats.  That account actually went up 5% for the week.  Maybe I should keep track of both accounts to see how the strategies compare.

Our current performance is not bad.  I certainly won't complain if after 12 months of trading I end up averaging 6% per week.  However, I am shooting for 10%.

Starting Capital:     $1,040.73
Current Balance:    $1,240.02

Performance:    19.15%

Week    Performance
  1                13.14%
  2                17.71%
  3              - 10.54%

CAS

Join me as we find out how quickly can I lose $1,040.73!

Ok, I funded my forex account this year with $3k.  Following the advise of "experts", it went down to $1,040.73 in one and a half week.  I decided to diversify currencies and mix long term with short term strategies from different books and online seminars, instead of following gurus.  I started this experiment on Oct. 1, 2012.  It is going so unbelievably well that I decided to share it publicly.  Of course, appearing too good to be true, I'm sure it'll blow up in my face sooner or later.  Until that time, I'll post weekly updates so you can join me in this train-wreck-about-to-happen.  Below are the results of my two weeks of trading.  I'll send you an update next week. 

Starting Capital:     $1,040.73
Current Balance:    $1,386.05

Performance:    33.18%

Week    Performance
  1                13.14%
  2                17.71%

Gotta luv the power of compounding!!

CAS