Last July after trading for about 3 years I ticked over 3500ish trades with profit trades at $100k, and losing trades at $98k lol. I thought I was the Queen, so much so I promptly celebrated by trading like a fool and lost $10k in one week. If I could go back and talk to my trading self at any time this would be the most important time to have a chat- about an awful lot, but about consistency, moderation and control as a priority.
I hit a slump for a few months but I feel better now, trading better and accepting that my best trading, and the trading that finally got me in the black, is simple scalping. I am no amazing analyst.
Anyway I'd love to hear some stories from traders who have an embarrassing or funny trading memory, or breakthrough, or went on holidays and came back to find the trade they'd left open somehow made a lot of money (this is a fantasy of mine).
Also, as I'm off work for a year trying to make a go of this full time, I wonder if traders have a daily/weekly/monthly/percentage/ pip profit target?
For me as I have income from my house as a rental I'm trying to make $1k/ week, preferably more than $200/day, but not pressuring myself. I have another 6months off work and I know pressure does not help my trading, so I'm moving forward being patient. The last 2 weeks I have made $500/ week which is not enough, but a work in progress coming out of a slump. NOV/DEC were cash neutral for me.
Please reply with respect, If you don't have anything considerate to say please don't say anything.
I hit a slump for a few months but I feel better now, trading better and accepting that my best trading, and the trading that finally got me in the black, is simple scalping. I am no amazing analyst.
Anyway I'd love to hear some stories from traders who have an embarrassing or funny trading memory, or breakthrough, or went on holidays and came back to find the trade they'd left open somehow made a lot of money (this is a fantasy of mine).
Also, as I'm off work for a year trying to make a go of this full time, I wonder if traders have a daily/weekly/monthly/percentage/ pip profit target?
For me as I have income from my house as a rental I'm trying to make $1k/ week, preferably more than $200/day, but not pressuring myself. I have another 6months off work and I know pressure does not help my trading, so I'm moving forward being patient. The last 2 weeks I have made $500/ week which is not enough, but a work in progress coming out of a slump. NOV/DEC were cash neutral for me.
Please reply with respect, If you don't have anything considerate to say please don't say anything.