Sunday August 10, 2014.
From tomorrow onward, I am going to start my first trading journal. Any fellow traders, please feel free to input ideas or suggestions. Constructive criticism is also welcome. I'm learning!
So I opened my live account in June, currently I am less than 1% in positive territory. My win/loss ratio is almost 50/50. From my own expierence, my trade entries are good, but I need to work on my exits. I have watched a lot of trades reach good %'s only for them to fall back away. I always trade with a stoploss of 2*ATR (15day) and when my trade becomes profitable, I use the highest high or lowest low of the previous 10 days as my new stop. I also never risk more than 1% on any trade. I only trade on breakouts and never counter-trend. I trade off the charts but I also use the news and different websites for guidance.
Further details on my trading can be found on my profile / trade explorer.
Anyway, hopefully I can start making some money!!
From tomorrow onward, I am going to start my first trading journal. Any fellow traders, please feel free to input ideas or suggestions. Constructive criticism is also welcome. I'm learning!
So I opened my live account in June, currently I am less than 1% in positive territory. My win/loss ratio is almost 50/50. From my own expierence, my trade entries are good, but I need to work on my exits. I have watched a lot of trades reach good %'s only for them to fall back away. I always trade with a stoploss of 2*ATR (15day) and when my trade becomes profitable, I use the highest high or lowest low of the previous 10 days as my new stop. I also never risk more than 1% on any trade. I only trade on breakouts and never counter-trend. I trade off the charts but I also use the news and different websites for guidance.
Further details on my trading can be found on my profile / trade explorer.
Anyway, hopefully I can start making some money!!
Even a journey of a thousand miles starts with a single step.