The Thief of Wall Street
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Chicky's House of Pleasure and Pain 11 replies
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My Personal journal up 18% in 2 months going to start a journal 8 replies
DislikedIt takes much more than learning few technical tools and reading a couple of news clips over breakfast to prove that you are a real trader
All trades posted in this journal are from one of my five accounts. This is the only account I traded eversince I started this journal. When I started this journal, my this account had 15% profit. In last few days this profit grew to 40%. Today, the Friday June 26th, I opened several medium term trades (based on daily chart reading). The primary purpose of these trades is to rollover all 40% profit for...Ignored
DislikedJay, more than 4,000 pips loss in one single session. I don't know where my hat is but head still on shoulders.Ignored
DislikedHoly macaroni!
That's not just good, that's phenomenal. Congratulations!Ignored
DislikedExpected to bounce up north from daily support TL
Round figure below
*However, may also break support TL down and would require position reversal
NZD/USD B @ 6412
NZD/USD B @ 6404 avg. 6408
Maybe a bit too early, but changed both position to short @6375 av.
Aded one more short during Frankfurt session @6397
Now 3 shorts @6383 av.
Opened 10 more shorts @6379 about London open and within minutes closed these 10 plus 2 previous positions @6369
Now only one short position remains open @6374Ignored
DislikedJuly 2, 10:30 pm Est - Missed the whole Euro/Usd down move of today. Did not carry any overnight position, except NZD one which hit sl on BE.
Made few pips on short term trades with small risk during NY session, but missed the NY open.
Now find myself against the main trend which seems up. This is because I missed a major support TL on Daily. Presently short. Result of this short will decide whether I keep some pips for today or BE after remaining in green for the day.Ignored
DislikedThoughts on Short Term Trades
Took a quick EUR/USD short on south break from 1.4125. Played this trade on 15M with ten times of normal position making 11 pips x 10 =110 pips. Made and lost many pips trading short term in about last two weeks, but this was my last such trade. These trades make good pips but are too risky, involve more risk than reward (if played conservatively), spread-cost greatly distorts r/r ratio, require much screen time, 100% attention in needed on one single pair from start to finish of the move and are a kind of mental...Ignored
DislikedAre you not mixing P/L with counting pips? I always thought pips are counted when a pair moves from A to B. Not by multiplying the lots playedIgnored
Disliked5abi, it depends on objective of counting pips. My objective is to show account growth. Since I do not want to mention dollar amount of my profit/loss, share the figures in pips. Let's say if I am trading $1 per pip lot size, 10 pip gain on one lot will be $10, but 10 pip gain on 3 lots will be $30. Therefore I show them as 10 pip gain or 30 pip gain (rather than $10 gain or $30 gain).Ignored