Thank you for your comments

Having a modicum of intelligence means I am able to read criticism without my defence mechanism kicking in.

I can't argue with any of the observations made, in fact if I am to be successful I need to listen to traders who have taken the time to pass on their wisdom. I am so very close to making this work now and I am certain I WILL make money from trading. To achieve that though I need to employ an iron discipline.

I can't argue with the fact that I am still losing money. I have learned to trade at a smaller size which is why my losses have been considerably smaller than previously.  I knew I should only trade one instrument at a time but I broke that by trading 3 indices and that resulted in my loss last month. I simply cannot break a golden rule like that or I will continue to pour money into IG's coffers.

I spent the weekend as advised by someone from the comments section listing every trade I've made in the last 5 months, the results astonished me.

Winning trades 781
Losing trades 329

More than 2 out of 3 trades I make are winners, yet I lost money?

I have a talent for making successful trades that is only eclipsed by my talent for losing money so the question is how can I utilise my talent for spotting a winning trade and earn from it?

The answer is simple: if I played a ratio of 1:1 I would make money, for example 10 points stop loss, 10 points limit.

So when I next trade I resolve the following.

Only trade one index at a time

Every trade to have a 10 point stop loss

Maximum 10 trades a day over very short time frames

At £2 point if every trade lost I'd be £200 down for the day, that's my maximum loss.

I then have the option of closing for a 10 point win or keep an eye on the open winning  trade and bring my stop loss up to 10 points.

I will trial this for one week at £1 point and post my results at the end of that week.

Good luck with your trading and thanks for everyone who has taken the time to comment.

April +£500 profit

I've finished trading for this month.

I've made £500 which is positive and I'm going to ensure the month remains profitable by ending on a good note.

I can't target undoing the damage of last month, if I chase that loss I risk doing more damage. Better to record a profitable month and take some time out of the markets.

I made two mistakes last month to rack up the loss: 1) trading more than one index (I traded three) 2) I didn't find my account sufficiently and paid the price.

Jan Profit: £440
Feb profit: £500
March loss £5500
April profit: £500

(Total year to date LOSS £4060)

I oreict the dow to make a record high this month and nudge 18500

March final -£5500 (loss)

Back to some bad habits I'm afraid but the loss really was incurred after trading hours final day of March.

I was long FTSE, DAX And DOW, £5 point each index. I was bullish having bought into a dip albeit too early but happy to hold. Rather than fund my account adequately I was drip feeding in units of £500. I was actually awake and watching around 2am this morning when to my horror DOW dropped 150 points inside 2 minutes and the other two indexes follows accordingly, before I could fund further I was margined out.

Of course I've written about inadequate funding previously and what's most frustrating is I had the money, I just didn't want to commit it in one go. I've paid a heavy price. Of course all 3 indexes have recovered spectacularly this morning and I'd have had my money back or very very close to it.

Gutted.

On the plus side I've made £400 this morning towards April's total which I shall post at end of months trading.

Here's the yearly picture:

JAN: £440 PROFIT
FEB: £500 PROFIT
MAR: £5500 LOSS

(Total this year so far £4550 loss).