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A Trader's (and savings) Journey

  • Post #1
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  • First Post: Aug 26, 2009 9:55am Aug 26, 2009 9:55am
  •  Lily
  • | Joined Jan 2007 | Status: Member | 64 Posts
Hello there,

I've been a FX trader since a few years now (was a gold trader initially, time flies really, still seems like yesterday), working for an investment advice & fund management firm and also manage some clients FX accounts.

As most of us, I have learned my way around the Forex market the hard way, enjoying what happens when you're too greedy and often too naive.
I've had the - mostly through my job - opportunity to find the necessary education & experience.

As of late, I've been optimizing my personal trading system, and have made some adjustments to how to enter the market in order to cope with the feeling "now seems really to moment to jump in" - that most of us will know often leads to severe dissapointment.

It has proven successful so far, as I have applied it to one of clients, where I have slowly but steadily build up an 80 pct profit over the last five months.
Unfortunately, adding account statements from my client would be unethical, so I have decided to start again with my proper savings (and a little support from my firm that is willing to back the expiriment)

For that, I've taken $1,000 and deposited on an Oanda account, and will just do my thing.

My main goal is to "just see where this goes", as i'm hating all those fancy "i've found the holy grail-system"-kinda threads.
I still make losing trades, but have learned to some extent (still fine tuning myself) to manage them.

I will post daily updates on how the account evolves. Once in a while, I will post account statements, and they can at all times be requested by sending me a PM.

Perhaps a final word on my system (although more about it will become apparent as the journal kicks off); I'm firmly believing in the saying "the FX market is a thing that tries to damage as much participants as possible in the shortest possible time". As such, I'm trying to minimize my "exposure" in this dangerous environment.

Hope that you guys enjoy my input!

Lily
  • Post #2
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  • Sep 22, 2009 7:17am Sep 22, 2009 7:17am
  •  Lily
  • | Joined Jan 2007 | Status: Member | 64 Posts
So far with the daily updates, I'll try to do it on a regular basis, given i'm short of time...

Update:

Sept 22, 11.15GMT


Initial Deposit: 869,11 USD (after transaction costs etc)
Balance: +1,451.92 USD
Profit: + 582.82 USD
Pct: + 67.05 %

Happy trading !

PS, account statements can be provided upon demand.
 
 
  • Post #3
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  • Last Post: Mar 18, 2010 1:41pm Mar 18, 2010 1:41pm
  •  moneyman85
  • | Joined Mar 2010 | Status: Junior Member | 3 Posts
Quoting Lily
Disliked
PS, account statements can be provided upon demand.
Ignored
Hi Lily

Thanks for this. I'd like to see how an experienced trader such as yourself trades.

I'm a total beginner at forex and just trying to absorb as much knowledge as I can. Could you post some of the trades you made with graphs if possible (is that asking for too much)?
 
 
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