My Weekly Trading Journal, Wk 2 2024

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Summary of my "adventures" as a daytrader and Scalper in Crypto (Futures mainly) and Stocks, Forex and Commodities.
I use two different trading platforms, for crypto I use BINGX (No KYC required), very low commissions and good service.
For Stocks, Forex and Commodities I use DARWINEX, a fully regulated broker and METATRADER 5 platform.


Summary of the Week:

Very bad week of trading both in crypto and in the "traditional" type, however in the second it has been disastrous.
I have been quite "conservative" trading crypto these last few days and that has meant that the losses have been "small", the market is correcting in a herratic way and any position I open has a lot of risk and little probability of success.
Even being "conservative" this past week has turned out to have a -4.54% drawdown compared to the previous one... although I am still positive for the month of January with 2.5% profits so far this month... quite a bit poor actually...

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Regarding Stocks, Forex and Commodities, many "tests" carried out, with disastrous results this week, I did not expect the SP500 to move to a new ATH and, on the other hand, I have had the odd stumble with the FOREX pairs linked to the Japanese yen (JPY)... just on Tuesday the 16th I lost -4R in a series of chained bad trades...
In short, this week has had a -3.88% drawdown compared to the previous one, which was not spectacular although positive, with which I am accumulating a loss of -4% of the account so far in January.

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Some data from my operations during this month:

Crypto Trading:

Total No. Trades: 58
Win Rate: 55.17%
Profit Factor: 1.007

Trading Stocks, FOREX, Commodities:

Total No. Trades: 64
Win Rate: 45.16%
Profit Factor: 0.5207
D.337684

I risk 0.5% of my account per trade with a maximum daily risk of 3%.

Conclusions and Objectives for next week:

I have to overcome this DRAWDOWN, to do this I need to gain confidence and recover my winning ratio and return it to being above 50% in my "traditional" trading, for this I am going to do less "testing" and focus on positions with a greater probability of success .
Regarding crypto, my winning rate is still good, however the uncertainty is great these days, the SELL the NEWS effect in the ETFs still lasts and you have to gain confidence to go LONG, I am going to try to trade less until the market is defined.

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My Weekly Trading Journal, Wk 2 2024 | Ecency