This is my trading journal for my last account. I have been active in the forex market off and on since 2006 and have lost at least 34,000 USD along the way destroying 7 accounts and wasting money on "education" and trading systems. I now have about 2,000 dollars in an account and it is my last. If I destroy this account I am out forever.
I am keeping this journal to give myself accountability. The reason I am so open about numbers and past failures is because I see no reason to lie about it. Many people have lied to me over the years about their skills and accounts. Im not going to be that guy. Poor money management in the past is the major contributor to my dead accounts. That combined with over leveraging and chasing other peoples systems.
The way I trade now is based off price action and my evaluation of other traders decisions. I am looking for mistakes made by others and I want their stops being run to drive my trades to profit.
If I bleed this account dry then at least you all will get some entertainment and a good example of "how not to trade".
If I do well.... Ill cross that bridge if I get there.
I am keeping this journal to give myself accountability. The reason I am so open about numbers and past failures is because I see no reason to lie about it. Many people have lied to me over the years about their skills and accounts. Im not going to be that guy. Poor money management in the past is the major contributor to my dead accounts. That combined with over leveraging and chasing other peoples systems.
The way I trade now is based off price action and my evaluation of other traders decisions. I am looking for mistakes made by others and I want their stops being run to drive my trades to profit.
If I bleed this account dry then at least you all will get some entertainment and a good example of "how not to trade".
If I do well.... Ill cross that bridge if I get there.