I started 2 months ago, mostly for scalping but also did some medium-term trades. Analysed my current performance and came to conclusion scalping is what I enjoy most. Plan is as simple as it can be, rules described below:
- Only DAX
- SL: 10
- TP: 1-5 pips (will also close manually)
- Trade with trend on M5
- No indicators, clear chart
I am willing to maintain 5% profit a month.
I am going to increase deposit to 20000 GBP until the end of year
Form of journal:
I won't describe every single transaction, once a trading day I will do the summary. I won't be trading every day, propably 2-3 days a week. I also got Excel to control my performance, but I'm thinking of abandon this idea as myfxbook seems to give me all details I need. If I continue I will share Excel file as well.
Broker: Activ trades
Initial deposit: 200 GBP