Brian@FinancialTradingJournal.com

Archive for the ‘Recap’ Category

End of Year Summary – Year 2011

Happy New Years Eve Everyone! and Good Bye 2011!

I started “blogging” on HotStockMarkets, here’s a link to my original thread on there: http://www.hotstockmarket.com/t/83096/notsoluckys-binary-option-forex-trading-journal. First post was on Christmas at night. So in that regards, it’s already been 1 year since I’ve blogged. Financial Trading Journal as you know it today wasn’t even registered until May 1st, 2011. Realisticly though, this blog in the beginning of the year was using the domain www.binaryoptiontradingjournal.com, that was registered on Jan 22nd, 2011, also the same day as my hosting was initiated. BUT (last point), it was only on Jan 24th, 2011 that everything was set up and fully operational. So technically speaking, the birthday of this blog is Jan 24th, so it hasn’t been a full year yet! I’m still making this post now to show what I’ve accomplished this calender year to end it off.

Below, I’ve posted the google analytics stats for this blog, from Jan 24th, 2011 to today (which FYI isn’t even over yet, so I’m missing about 14 hours of stats):

First picture simply shows the overview on google analytics from Jan 24th, 2011 till Dec 31st, 2011 (10:02AM today). The second chart shows the breakdown by month into: visits, unique visitors and page views. I plotted the breakdown on a line chart as well for visual comparison. Ignoring pageviews and simply looking at visits and unique visitors, I’ve been growing in exposure steadily thru out the year. I’m not sure if I set it up properly, but I have a filter on google analytics to ignore my ip address, the only problem is that I implemented this sometime in March, that’s why January data is really skewed because the lack of visitors but huge pageviews signifies the start up work I had to do to check the site out.

I do acknowledge that I got a bit active this month, so that may have caused the jump in views and visitors. It’s a rather drastic jump though, let’s assume the filter doesn’t work, at most 500-800 of the views are my own for blog editing. That still leaves 2,000 views, which is double the consistent 1,000 views the past 4 months. Onwards and upwards is the key here!

For my regular visitors, you’ll know that I get active on and off thru out the year depending on my school schedule or if I’m trading or whatever else is on my plate. For a good blog to fluorish, it has to have consistent new content to keep new people coming. As time progresses, I will continue to learn, evolve and continuing providing new content as I see fit.

That’s all for the logistics/stats of the site, onto my personal life and my accomplishments / progress. I’ll start off by giving an updated profit / loss chart:

When I started trading binary options last December (and making money), I decided to set a goal for myself this year to go big but that didn’t happen. My strategy got killed under regular trading conditions, which had worked so well previously under holiday conditions. I failed miserably for the first 4-5 months of the year, then I decided to change my route and go back to basics. Switched to spotFX to try out demo, then tried a micro account, started doing FX weekly analysis (which was pretty euccessful for myself and economic outlooks for trading) then a bigger FX account to end off the summer. After which, I got really inactive here on the blog and only did the FX weekly analysis series until I started trading again this month.I’ll post the summary of the FX weekly analysis again for reference:

Overall, a good learning experience this year. I’ve now been exposed to different market conditions, I have an idea of what works and what doesn’t. I’m more PA (price action) oriented now rather than relying on the purely technicals or fundamentals previously. The outlook is a good one when I start actively trading (if I get the opportunity to).

I’d like to take this moment to thank all my regular visitors for coming to my blog and keeping up with my trading life! I’d like to thank David as well, owner of Binary Options Daily, he helped me with incoming traffic for the first 8 months intially contributing as much as 50% of my traffic. As my site has grown, incoming traffic is growing in terms of organic searches from Google and less from referring traffic. I am a Moderator on his site, so that’s where you’ll usually find me if I’m online, I use the live chat there.

PS: This post is simply a summary to conclude this year, the outlook/goals will be posted tomorrow for the start of 2012!

Cheers,
Brian

End of Week Trading Results – Sept 4th – 9th, 2011

I’ll just start with the trades then the summary, the trades should speak for themselves… :( . For the most part, I was trying out some old strats from my newbie days, worked out horribly. These strats were only used on BB, the normal account not TR, no real fool-proof strat for 60 second options yet. But given my trades, I’m pretty close to writing a full broker review on TR.

Sorry for no charts, didn’t occur to me at the time of trade to make them but even now, I can go back to make them but that’s 4 charts for 5 trades on BB, not worth my time. Sorry guys, I thought about it for a minute, but that’s not worth the effort, I blame bad strategy and poor judgement for using old strats that don’t work in these conditions. Good job for strict rules that I stopped after 2 losing trades though.

BBinary

TradeRush

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End of Week Trading Summary

BBinary
Win Ratio = 0/5 = 0%

P/L = -$123.50

TradeRush
Win Ratio = 30/52 = 57.69%
P/L = +$1

Final notes…  Horrible week to say the least in trading anyways. The only good news for me (not really related to this blog) is that my econ prof confirmed my TAship this semester, I got 105 hrs which is pretty much easy money lol @ $36/hr. Funny how that works, earn money working then lose it trading. Except.. the binaries is technically just losing the profits, I’m still sitting on a net gain.

That’s all I have for you guys this week, sorry nothing astonishing or happy to share. But as promised (in the about me section) I post ALL my trades regardless of win or lose. Whereas most people on the web only post their wins and only keep posting losses IF their wins outweigh their losses. Usually (from what I noticed), people tend to get inactive when they start losing a lot and just stop posting all together. So I’ll be here rain or shine :)

PS: the FX weekly analysis will be up within the next 6 hours, would’ve been a great week if I opened a few trades on EUR/USD, oh well. That’s what I get for quitting the forex game.

End of Week Trading Results – Aug 28th – Sept 2nd, 2011

From Day 1, ground zero of my very first trade in binary options on StartOptions back last yr on Oct 20th, just a few days before my Birthday too lol. I won that trade too by fluke. Back then I didn’t even trade FX I had no idea how FX worked and what binary options were. Pretty simple concept though, call and put options. Except back then, I was trading hourly expiries. From Oct 20th, 2010 to Sept 1st, 2011, almost a full year of exposure to binaries you’d think I’d be an active pro by now. But in that time period, I only traded a total of 55 days. This is my excuse for not profiting beside the pro’s in Binary Options. Quite a few people I know profit a couple thousand everyday. But they’ve been actively trading everyday for at least 6 months consecutively and constantly tweaking their strategies. I complained about my inactivity to one of them and they noted something, I’m a student! I’m not supposed to be active, hence I shouldn’t be pressuring myself to catch up to their footsteps.

If within 10 months, I only traded 55 days, that’s an average of 5.5 days a month. Which is basically 1 week of trading per month. Which means, a strategy may work this week, then next month, diff liquidity issues in the market or whatever, requires a diff strategy. It’s hard to say. Something I may be looking to develop in the future is a system. A system is a systematic list of things to go thru before making a trade. Whereas, I currently employ a strategy which is.. “look for this set up, and you should be fine”, basically, relies more on myself than actual indicators/non-biased things.

Anyways, just wanted to talk about that briefly since I’ll be going back to school on Sept 8th, and from that point onwards, I will be inactive again. But, the FX weekly forecasts will continue to come + any trades that I make. Onto my P/L for this week:

BBinary
Win Ratio = 7/14 = 50%
P/L =-$35.75

TradeRush
Win Ratio = 38/71 = 53.52%
P/L =-$16.75

Since Thursday was pretty shitty in binaries and since I wasn’t home on Friday, no new trades were made since Thursday’s Live Trades update, I just compiled the stats for the week and posted them now.

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