Last week was a great week for my trading. A few nice Wave 5 set-ups for +600 pips total. This was on my 'small' account so not vast amount of $$ but certainly building my confidence to go hard in the second half of the year.
On my larger account where I scalp the yen crosses using a trend following trade I picked up +450 pips on $2/pip. I have now hit my second target and will up my contract size to $10/pip.
I probably left some on the table last week as the volatility of the GBP during all the uncertainty in Europe and UK government made me get out early on some trades (still in profit). These are the periods when experience should tell you to press hard and can make a traders month or year even. I am still striving to build the confidence to press hard during these times.
I digress but - It reminds me of last year when I was trading Apple (AAPL) Call options at historical lows (I was accumulating options at $80 stock value - do you recall March 09?). This was a prime opportunity with a fundamentally strong company to go hard. I lacked conviction and bailed in June with a good profit - the stock then soared through $200. That is +200% profit on stock but with an option it was more like +1,000%. These gifts are presented periodically but the trick is to recognise them (which I am starting to do) then push hard on the confirmation.
I did promise some charts - I will make some time soon to present a few of my recent Elliot Wave trades with commentary on what I was thinking at entry and exit.
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