Well, that's it, 2021 completed, over and done with.
Over the coming days I will be posting a ZOOM review of 2021 and a look ahead to what I am looking for in 2022. This ZOOM recording will be posted to my YouTube account. If you are a FREE NEWSLETTER subscriber, you will be notified when the presentation is ready with a direct link to access. For those who have NOT registered to receive this blog “FREE” via email my YouTube link is below: -
https://www.youtube.com/c/TheWeeklyFXDriveThru
My overall review of 2021: As I am currently on my Christmas / New Year break, this blog will just contain all the spreadsheets that build up December’s performance and as usual, more information will be on website, link below under the TAB “HISTORY/PERFORMANCE” on my home page.
https://www.weeklyfxdrivethru.com
Overall, I am delighted and very grateful with the way 2021 turned out from an overall performance perspective.
The final monthly pip totals were as follows: -
DECEMBER 2021:
Total net pips = +3,300 pips
COMPLETED YEAR 2021:
Total net pips = +20,860 pips
(134.75% of my 2021 objective of +15,480 net pips)
Finally, in this section to celebrate the New Year and give new subscribers discount offers to join the WEEKLY FX PREMIUM, I have launched a BOGO offer called “DOUBLE UP” which will run until the end of January 2022.
Full details are on the excel spreadsheet below and on my website https://www.weeklyfxdrivethru.com under the TAB “SUBSCRIPTIOPN OPTIONS” on my homepage.
1: THE WEEKLY FX PREMIUM – NOVEMBER 2021 PERFORMANCE:
1.1: MONTHLY TRADE STYLE PERFORMANCE:
Basically, referring to the spreadsheet above, this reports on potential income for single-lot trades and for simplicity I have valued Micro lots at USD$0.10 per trade, Mini lots at USD$1.00 per trade and finally Standard lots at USD$10.00 per trade.
Obviously, you trade your position size to the levels you can comfortably trade your broker account without creating margin calls etc.
Therefore, on the spreadsheet using the highlighted reference points: -:
A: - This represents at USD$1.00 (Mini Lots) per trade a USD$ income of $3,300 which, correlates to my reporting of net pips for the month of +3,300 pips.
B: - Costs trade reflects the fact that 51 Mini lot trades in total were undertaken at a cost of 51 x USD1.00 = USD$51.00.
C: - When subtracting B from A this gives a net income total based on trading just single Mini lot trades of USD$3,249.00.
I am of course grateful to have produced a positive “pip” result for the month. In fact, I think it is one of my best closing months, if not the best (pip wise) since launching a subscription service.
The average of pips per completed trade at 64.71 pips is substantially above my 40 pips per trade objective. In addition, in December I only had one negative trade therefore my ratio of positive to negative trades at 98% / 2% is as close to perfection as one is able to achieve.
Income came from all three trade styles. There were some nice moves with my (CORE) POSITION trades, so all of my stacked entries really performed well. The average pips per completed trade in this category was 67.43, which was above the 64.71 overall average.
Overall, a nice balanced month and to be honest, one that I was simply NOT expecting given the news and reactions emanating from the initial responses to the huge number of Central Bank Monetary Policy statements that were released.
1.2: MONTHLY TRADE BY TRADE REVIEW:
2: THE WEEKLY FX PREMIUM – YEAR TO DATE 2021 PERFORMANCE:
2.1: YEAR TO DATE TRADE STYLE PERFORMANCE
Basically, referring to the spreadsheet above, this reports on potential income for single-lot trades and for simplicity I have valued Micro lots at USD$0.10 per trade, Micro lots at USD$1.00 per trade and finally Standard lots at USD$10.00 per trade.
Obviously, you trade your position size to the levels you can comfortably trade your broker account without creating margin calls etc.
Referring to the year-to-date spreadsheet above and using the highlighted reference points: -
D: - The gross year to date income from all three trade styles is USD$20,860.00. This is based upon single Mini lot trades valued at USD$1.00 which, correlates with my reporting of net pips year to date of +20,860 pips.
E: - Costs trade reflects the fact that 503 Mini lot trades in total have completed so far this year at a cost of 503 x USD1.00 = USD$503.00.
F: - When subtracting B from A this gives a net income total based on single Mini lot trades of USD$20,357.00.
G: - An annual WEEKLY FX PREMIUM subscription costs CAD$1,500.00, which is approximately USD$1,200.00.
H: - After the annual subscription cost is deducted, the net income after all costs is USD$19,157.00 based off trading just single Mini lot trades.
There is a huge amount of additional monthly and year to date trading information and reports available on my website https://www.weeklyfxdrivethru.com This can be found on my home / landing page under the tab at the top of the page titled HISTORY / PERFORMANCE, scroll down to “This year’s Performance”.
In addition, check out my 2021 review and look forward into 2022 video presentation that will be posted to YouTube early January 2022.
3: THE SOAPBOX:
4: THE EDGE: (SOME OF WHAT’S ON THE OTHER SIDE)
(This section of the blog is exclusive for WEEKLY FX PREMIUM subscribers)
5: THE MACRO / FUNDAMENTAL VIEW:
6: TRADING PSYCHOLOGY:
The above sections, 3,4, 5 and 6 will return with next FULL version of the blog which is scheduled for Sunday January 9th, 2022.
7: CLOSING THOUGHTS:
7.1: THE WEEKLY FX PREMIUM – SUBSCRIPTION INFORMATION
If you like my approach to the market and are wondering what my trades are like from, a live perspective and what is the WEEKLY FX PREMIUM all about, check out my website https://wwww.weeklyfxdrivethru.com
The WEEKLY FX PREMIUM is my subscriber-based FX support option, which offers, subscribers’ full access to my suggested trade set-ups and my market commentaries via Twitter, TwitLonger and ZOOM.
Further information about how to subscribe to the WEEKLY FX PREMIUM is also located at the top of my welcome page at https://www.weeklyfxdrivethru.com under the “SUBSCRIBE” tab.
7.2: THE LAST DROP
Always remember longevity in Forex trading can only be achieved through trading with a good MINDSET, RISK, TRADE and HEAD MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility. Trade with a TRADE PLAN, basically, plan your trades and Trade your Plan.
Finally, be GRATEFUL for your wins and COUNT THEM. Keep a POSITIVE MINDSET in play at all times, regardless of the market conditions.
Scott Pickering
The Pip Accumulator
Twitter: @pipaccumulator
https://weeklyfxdrivethru.com/disclaimer/
BLOG VERSION: #435 FREE NEWSLETTER
DATE: 1st January 2022
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