Ten Steps to Make FX Trading a Main Income Using the Crab Trader Method | Step 7 Eliminate Waste and Cultivate the Method

Kani Trader Profile

Kani Trader. He shares daily trades on YouTube Live and has grown from 3,000,000 to 10,000,000 yen. In 2019 as well, he provides face-showing live commentary every day from 22:45. The theme of the broadcasts is to help viewers win and to be a healthy FX channel.

Twitter:https://twitter.com/keibakinma

※This article is a reprint/edit of FX攻略.com December 2019 issue. The market information written in the text may differ from current market conditions, so please be aware.

Friday: No Trading

Suddenly, a while ago I stopped trading on Fridays. Until now I had traded from Monday to Friday, following YouTube broadcasts, but I have removed Friday from the schedule.

Of course there is reason to believe Fridays perform poorly. I dislike having positions end up with odd results after the market opens on Monday, so before the NY close on Friday, whether I am winning or losing, I square my positions. Therefore, there is no doubt that engaging in unprofitable settlements has contributed to worse performance.

But more than that, the data showed clearly poor results. Compared to Monday through Thursday, Fridays were unprofitable, so I decided not to trade on Fridays.

Similarly, for a period I used to trade currency pairs involving the pound and AUD, but compared with USD/JPY and EUR/USD, the results weren't good, so I no longer trade them. This was a data-driven decision as well.

In this way, by eliminating unfavorable factors, trading methods are continually refined. This is the mindset of reducing rather than increasing that I mentioned last month as well.