Total ROI: 60.8% (3/11-3/27)
****
Hey guys,
I'm writing this trading journal in order to trade more disciplined with my recently developed "Swing2Me" strategy. I'm still testing this strategy and I only trade GBPNZD. Since the spread of this pair is relatively high, using a broker with tight spread as well as fewer spread spikes is key.
A little bit about myself: I first heard about Forex in 2004. At that time a professor told me he made tons of money trading Forex. I believed in him but I thought what the hell I need those money for? 10 years later in 2014 after I got married and had a baby, the burden of life suddenly started to get me and I thought the heck I should give it a try. At start of trading I thought this is so easy because price keeps moving up and down so I can keep a trade open until it moves in my direction. At first it looks ok but one day AUD suddenly dropped a few hundreds of pips and just kept dropping. Then I started panicking and closed my losing trades. In the next 6 months I lost 3 grand before I started to really THINK about HOW to trade Forex. From 2014, I have read almost all the threads in FF, Forex-TSD, BabyPips, etc. and traded nonstop everyday Forex is open. I have tested many many strategies but either the strategy didn't suit my time table or I was not satisfied with the performance. This "Swing2Me" is my recent discovery. I combined a few already existing indicators with my own modifications and created my own rules. Backtesting looks ok. I will see how it performs in the future.
My goal is to get 50pp per day on average or about 1000pp per month. That should be enough to give me about 80% ROI per month if aggressive (1lot/$10K) or 40% if conservative (1lot/$20k). Currently on demo account I use 1lot/$10k just to see how it goes. If it goes well, I should be able to achieve 1 million in 11 months. If in real account I start with $200, I will achieve this in 19 months. If later I choose to be conservative (1lot/$20k), I should be able to achieve the 1 million goal in 30 months. Here is the timetable:
Attachment
In reality, however, it will take longer than that because from time to time I will make withdrawals.
With this demo account, if I can double my account in 3 months. I will go live.
Note: This thread is only to show if it's possible to grow an account this fast (from $200 to $1m in about 3 years lol) for my own amusement. I will not share any indis, tpl, rules for now.
***
Today I opened a short trade @2.07384 [email protected]. It's not looking perfect but it has moved in my anticipated direction so far.
****
Hey guys,
I'm writing this trading journal in order to trade more disciplined with my recently developed "Swing2Me" strategy. I'm still testing this strategy and I only trade GBPNZD. Since the spread of this pair is relatively high, using a broker with tight spread as well as fewer spread spikes is key.
A little bit about myself: I first heard about Forex in 2004. At that time a professor told me he made tons of money trading Forex. I believed in him but I thought what the hell I need those money for? 10 years later in 2014 after I got married and had a baby, the burden of life suddenly started to get me and I thought the heck I should give it a try. At start of trading I thought this is so easy because price keeps moving up and down so I can keep a trade open until it moves in my direction. At first it looks ok but one day AUD suddenly dropped a few hundreds of pips and just kept dropping. Then I started panicking and closed my losing trades. In the next 6 months I lost 3 grand before I started to really THINK about HOW to trade Forex. From 2014, I have read almost all the threads in FF, Forex-TSD, BabyPips, etc. and traded nonstop everyday Forex is open. I have tested many many strategies but either the strategy didn't suit my time table or I was not satisfied with the performance. This "Swing2Me" is my recent discovery. I combined a few already existing indicators with my own modifications and created my own rules. Backtesting looks ok. I will see how it performs in the future.
My goal is to get 50pp per day on average or about 1000pp per month. That should be enough to give me about 80% ROI per month if aggressive (1lot/$10K) or 40% if conservative (1lot/$20k). Currently on demo account I use 1lot/$10k just to see how it goes. If it goes well, I should be able to achieve 1 million in 11 months. If in real account I start with $200, I will achieve this in 19 months. If later I choose to be conservative (1lot/$20k), I should be able to achieve the 1 million goal in 30 months. Here is the timetable:
Attachment
In reality, however, it will take longer than that because from time to time I will make withdrawals.
With this demo account, if I can double my account in 3 months. I will go live.
Note: This thread is only to show if it's possible to grow an account this fast (from $200 to $1m in about 3 years lol) for my own amusement. I will not share any indis, tpl, rules for now.
***
Today I opened a short trade @2.07384 [email protected]. It's not looking perfect but it has moved in my anticipated direction so far.