Hello Forex Factory,
I am writing this thread as a help to me and my trading, I am going to journal my way to financial freedom. I will include my trade explorer. I am going to be documenting my trades and my reasoning for those trades. I am not a pro trader, I am a newbie that is looking for a better path. I am looking for a way out of the rat race, I am searching for the Way.
Everything that I write is for my purposes only, do not take anything I say as investment advice, if you have questions ask your own financial consultant, or attorney, or accountant.
I am in the 90%, I have accepted that position. I will not be here for long, I will be in the top 1% of traders, and if you stick it out with me, you will watch me go from the 90% majority to the 1% minority.
Thanks for reading my journal, and I hope you enjoy my journey to financial freedom.
BIO: My history is that I have been trading Forex for coming on 2 years now. I dabbled in Forex a years ago.
My trading history in Forex is, I started with a small account 2 years ago it was so small that pocket change would have made the account bigger. I lost over 90% of the account, most people start in demo I started in live trading. The account was so small, I didn’t treat it like a real live money account.
I traded that small account for a year, lost over 90%. Then I took a break from Forex, maybe 3 months. I then got interested in Forex again, this time with a new interest. I wanted to WIN. I made a promise to myself that I would win. I traded that small account with minor discipline, then I started to win more than I lost.
I then added more money to the account after a few months of increasing my account. I studied Forex, I back tested over a hundred hours of back testing. Once I added more money to the account, I started losing again. But this time when I lost on my account it was around 10%, I’m getting better at minimizing my losses. And getting better at maximizing my wins.
I then started winning, I won something like 6 or 7 times in a row, multiple times of winning runs like this. I was correct, according to Forex factory, I won approx. 70% wins. My account was growing, I was winning at Forex. I had a strategy, I had some discipline, I had some confidence in trading.
I was getting to that 5% of Forex traders that was winning and making money at Forex.
Then I took some losses about 3 in a row, I lost heart, I was bored, I needed a break. I took a break.
About a month or so break.
I came back, like a Wild man, and I lost around 60% of my account, my not following my rules, not doing what I had to do to win.
Keep in mind, I have only put in very small amounts in my account, I wanted to prove to myself that I could win with real money. But still keep my monetary risk under control.
I have created a custom start date of 12/12/2019 for the trade explorer. So I can get an accurate view for the thread and my own records.
Goals: I want to be a professional Forex trader, I want to trade Forex for a living, a living that provides for myself and family. I want time freedom, I want to enjoy my life. I want my freedom from the constraints that have kept me bound for so long.
Reason for this thread: I want to stress, this thread is for my records, if I can help fellow trading in showing them what not to do, if I help someone good, but as I write this, this is for my records only. I am not going to tell you what to trade, I will tell you why I picked a trade, what I was thinking, and how I handled the Win/Loss.
I will post every day, Monday through Friday through all of 2020, I am going to put myself out there and say that I will dedicate some time to post every trading day this year.
I am writing this thread as a help to me and my trading, I am going to journal my way to financial freedom. I will include my trade explorer. I am going to be documenting my trades and my reasoning for those trades. I am not a pro trader, I am a newbie that is looking for a better path. I am looking for a way out of the rat race, I am searching for the Way.
Everything that I write is for my purposes only, do not take anything I say as investment advice, if you have questions ask your own financial consultant, or attorney, or accountant.
I am in the 90%, I have accepted that position. I will not be here for long, I will be in the top 1% of traders, and if you stick it out with me, you will watch me go from the 90% majority to the 1% minority.
Thanks for reading my journal, and I hope you enjoy my journey to financial freedom.
BIO: My history is that I have been trading Forex for coming on 2 years now. I dabbled in Forex a years ago.
My trading history in Forex is, I started with a small account 2 years ago it was so small that pocket change would have made the account bigger. I lost over 90% of the account, most people start in demo I started in live trading. The account was so small, I didn’t treat it like a real live money account.
I traded that small account for a year, lost over 90%. Then I took a break from Forex, maybe 3 months. I then got interested in Forex again, this time with a new interest. I wanted to WIN. I made a promise to myself that I would win. I traded that small account with minor discipline, then I started to win more than I lost.
I then added more money to the account after a few months of increasing my account. I studied Forex, I back tested over a hundred hours of back testing. Once I added more money to the account, I started losing again. But this time when I lost on my account it was around 10%, I’m getting better at minimizing my losses. And getting better at maximizing my wins.
I then started winning, I won something like 6 or 7 times in a row, multiple times of winning runs like this. I was correct, according to Forex factory, I won approx. 70% wins. My account was growing, I was winning at Forex. I had a strategy, I had some discipline, I had some confidence in trading.
I was getting to that 5% of Forex traders that was winning and making money at Forex.
Then I took some losses about 3 in a row, I lost heart, I was bored, I needed a break. I took a break.
About a month or so break.
I came back, like a Wild man, and I lost around 60% of my account, my not following my rules, not doing what I had to do to win.
Keep in mind, I have only put in very small amounts in my account, I wanted to prove to myself that I could win with real money. But still keep my monetary risk under control.
I have created a custom start date of 12/12/2019 for the trade explorer. So I can get an accurate view for the thread and my own records.
Goals: I want to be a professional Forex trader, I want to trade Forex for a living, a living that provides for myself and family. I want time freedom, I want to enjoy my life. I want my freedom from the constraints that have kept me bound for so long.
Reason for this thread: I want to stress, this thread is for my records, if I can help fellow trading in showing them what not to do, if I help someone good, but as I write this, this is for my records only. I am not going to tell you what to trade, I will tell you why I picked a trade, what I was thinking, and how I handled the Win/Loss.
I will post every day, Monday through Friday through all of 2020, I am going to put myself out there and say that I will dedicate some time to post every trading day this year.