Keel Risk 2008 Goals

Alright let's see if I can get something done in 2008. I have high expectations for 2008 so let me list some key goals that I want to accomplish be the end of 2008:

• Average minimum 3% per month account growth (approx $300 month/$3600year) total
• Limit monthly draw-down to no more than 9%
• Develop and implement 2 automated trading strategies that each return +1% month
• Generate 3000 page views per month
• Monetize blog to return $100 per month
• 4 new posts per week / 200 per year

Trading Statistics

I finally got my account transactions automated so I can identify strengths and weaknesses. As many know Oanda does not have a very good reporting structure for you to see a summary of your trades. They do have a monthly summary report; however, you only have access to it after the month has occurred and even then you have to wait a week or two afterwords.

I created a program in c# that will take the .csv file from Oanda and load it into a Microsoft SQL Server Express 2005 database. From that point I have an asp.net/c# website that will extract all the transaction from the database and presents all the stats. Below you will see the results of all that work! I plan on adding many more stats including some graphical charts representing trends.

The December results will change slightly because I have some carry trades going and will need to add these values into the final results. However this is pretty close to where I sit right now.

Stats	November 2007	December 2007	Cumulative
Profit/Loss (%):	1.91%	2.06%	3.98%
Profit/Loss ($):	$185.63	200.01	$385.64
Number of Trades:	32	50	82
Winning Trades:	25	40	65
Lossing Trades:	6	10	16
BreakEven Trades:	1	0	1
% Winning Trades	78.13%	80.00%	79.27%
Avg Winning Trade($):	$27.02	$15.60	$19.99
Avg Losing Trade($):	$84.49	$45.81	$60.31
Largest Gain($):	$86.00	$83.00	$86.00
Largest Loss($):	$228.97	$196.73	$228.97
Avg Trade Size:	5596	3050	4043

Welcome

Welcome to my blog. This blog is a continuation of my http://millionpips.blogspot.com/ blog. Those of you who have followed me over from MillionPips know what I'm doing. For those who are new to the blog you can go back to the Millionpips blog to read the history. You might get a little background by reading the MillionPips blog. Just remember as time goes by thoughts and ideas evolve so some of what you read at MillionPips might not apply to what or how I'm doing things today.

To give you a quick background...I'm 37 years old, married with 2 kids. I'm a senior software developer and have been in the industry for almost 10 years. I live in the great state of Colorado.

I've been trading the financial markets on and off for most of 10 years. I think trading the currency market offers great opportunity with limited downside and unlimited upside. I'm hoping to capture the upside and make for a better future for me and my family. My previous trading history has been a guessing game with no historical statistics to backup strategies. Not to mention, I think I have maintained a break even record through the years but it is all a guess because I didn't keep detail records other than filing taxes.

This blog is a representation of how I'm going to do things differently. It all started about 7 months ago when I decided to take things more seriously. First and foremost this venture will be run like a business. And like my name 'Keel Risk Group', risk is my business. The better I manage and understand risk the more profits I will accumulate.

I hope you join me on this adventure and see how far I can take it!