TRADE RESULTS (OCTOBER)

Market News: We ended October basically flat. Although there were three winning trades, hitting
their target, a number of others triggered then reversed, giving back any profits. This is frustrating,
but part of the game. We aim to keep losses as small as possible and the ten losing trades lost on
average -0.29R, well inside the average for all losing trades this year of -0.4R. “R” being the unit of
trade risk, such that -0.4R indicates we lost 40% of initial risk per trade. (The average win for the year
across all trades remains 0.8R).

Results at a glance:

Trades: Year to Date:

Oct: Win: Lose: Total: Win: Lose:
-0.05% 4 10 13.61% 53 77

➢ Equity Graph-year to date:

A flat month
was
recorded in
October-still
maintaining
discipline
and taking
small
losses…….

➢ Monthly Return (%):

Monthly
trades fell
between the
usual limits-
no outsized
losses.

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 TRADE RESULTS (OCTOBER)

➢ October trade distribution:

Conclusion:

Trading conditions swung both sides of breakeven, a four trade losing streak at the beginning of the
month was reversed but towards the end of the month another string of losing trades left us flat
overall. The largest loss was -0.6R, however the five smallest losses were below -0.2R.

We continue to apply our disciplined approach to the markets and continue to seek out only the best
opportunities as we approach the final two trading months of the year.

Full results see: https://www.johnmorristrading.com/performance.html

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