This won't be my actual trading journal - such a caffeine-fueled scrawl hardly warrants an audience. This thread is so I know someone sees my progress, which helps motivation.
My account is live, new, and tiny. When I make three consecutive profitable months, then I will be scaling up the account size. At my current level of progression, risk management and practice executing trades are my focus. For reference, I am past that typical retail forex stage of "try trading, lose, monkey around with the indicators, repeat".
I will not be posting screen shots of my charts, nor giving details of my strategy. If you are an amateur looking for someone to emulate, I highly doubt I'm even in the top 100 candidates. Look for a 10+ vouches member.
All I'm planning to do here is occasional post account stats. I think that should suffice. I'll answer questions about risk management, personality, and other things I'm sure, just not how I place the trades.
This first graph is nothing to write home about, I know. This thread probably won't get interesting until the graph fills out a bit. But I am serious about building a career on this, so expect more from me later.
That initial dip was a simple mistake, one I overcame in the following two profitable trades. If it looks like I have a bad RRR, I scaled down the position sizes to 0.01 lots after that starting dip, just to make sure I'd execute properly. This was a temporary and initial caution that would obviously be sub-optimal in the long term, and won't be repeated (you don't lower future position sizes after a loss, you scale position sizes to suit the situation and risk).
My account is live, new, and tiny. When I make three consecutive profitable months, then I will be scaling up the account size. At my current level of progression, risk management and practice executing trades are my focus. For reference, I am past that typical retail forex stage of "try trading, lose, monkey around with the indicators, repeat".
I will not be posting screen shots of my charts, nor giving details of my strategy. If you are an amateur looking for someone to emulate, I highly doubt I'm even in the top 100 candidates. Look for a 10+ vouches member.
All I'm planning to do here is occasional post account stats. I think that should suffice. I'll answer questions about risk management, personality, and other things I'm sure, just not how I place the trades.
This first graph is nothing to write home about, I know. This thread probably won't get interesting until the graph fills out a bit. But I am serious about building a career on this, so expect more from me later.
That initial dip was a simple mistake, one I overcame in the following two profitable trades. If it looks like I have a bad RRR, I scaled down the position sizes to 0.01 lots after that starting dip, just to make sure I'd execute properly. This was a temporary and initial caution that would obviously be sub-optimal in the long term, and won't be repeated (you don't lower future position sizes after a loss, you scale position sizes to suit the situation and risk).