Summary of week ending 19-Dec

Since tomorrow is Friday and I am now on vacation, I decided that my official trading week is over. Overall I would say a fairly successful week. I started the week with $10522, and ended with 13316, a 26% increase in account value. I am also testing a new strategy that allows me to trade in any market condition, but for small pips (scalping). This, if works out, will just be another tool in the garage.

Here are my major lessons learned:

• Even though the new style worked out, I tested a new strategy on my "live" (I know its a demo, but its my official account for now) account. I need to test new strategies on a separate account before introducing it into the main account

• Markets Reverse, if you see all trending in the same direction, stick your toes in, dont buy all the pairs
• Even if you are up big for the day, why risk/waste your money on risky trades. Stick to your plan.
• Always check your lot size before you execute.
• Once you say you are out for the day especially after a decent move in the market, stay out and let the market fix itself. Reenter when things are more calm.

Here is the weekly statement:

Details:
Gross Profit:		4996.98		Gross Loss:				2 200.95	Total Net Profit:			2 796.03
Profit Factor:		2.27		Expected Payoff:				99.86
Absolute Drawdown:		0.00		Maximal Drawdown:				997.51 (7.08%)	Relative Drawdown:			7.08% (997.51)
Total Trades:		28		Short Positions (won %):				13 (61.54%)	Long Positions (won %):			15 (73.33%)
Profit Trades (% of total):								19 (67.86%)	Loss trades (% of total):			9 (32.14%)
Largest		profit trade:						550.00	loss trade:			-495.00
Average		profit trade:						263.00	loss trade:			-244.55
Maximum		consecutive wins ($):						7 (1 393.13)	consecutive losses ($):			4 (-934.98)
Maximal		consecutive profit (count):						1 457.00 (4)	consecutive loss (count):			-934.98 (4)
Average		consecutive wins:						3	consecutive losses:			2

Plans for next week:

1. ENJOY MYSELF. It is the holidays and I am on vacation. Trading will only happen when i have time.
   
2. My ODL Demo is going to expire so I am going to renew. This time, I am going to trade with a $2000usd sized account. This is my plans for initial funding so I might as well get used to it.
   
3. Continue trading my system, learning better entrance strategies.
   
4. Refine my trailing stop strategy, I think I could have gained another 100 pips if my trailing stop strategy was better.
5.