Hello, everyone. I thought I would start a trade journal for anyone to follow. I will post my trades here with charts along with a "mindset" of either why I opened that particular trade and what I expect out of it.
My thread is titled the way it is because I lost everything in the 2008 recession after being laid off (didn't trade then). About 2013, things finally began to look up and I want to see where it takes me.
My interest in forex occurred as a quest to learn how to trade stocks. I was had no money to hang out as a student, I out of curiosity wanted to see if there was a "way" the stock market could have given signals before it tanked the way it did. Some people profited massively shorting stocks so I thought clues could be found and possibly I could avoiding loosing everything as I did in 2008. I was referred to babypips and instead of going into stocks, I decided to do forex.
I am a manual trader with a strict focus on S&R trading on the lower TF using but make use higher TF trends as a guide. I do pay attention to the news as well but those are skeptical entries. I got the rate change right for AUD (down to 2%) but not on the chart, haha. I have a small live account with money I can afford to gamble with.
My journal isn't to seek correct trades but to learn how to learn to "cap" my losses. Strange but its what I need to work on so here we go! So most of my time is studying when I should "get out" of a trade or when I should "cut" my losses.
I had a huge loss a day or two ago so the goal is to recover it first.
My thread is titled the way it is because I lost everything in the 2008 recession after being laid off (didn't trade then). About 2013, things finally began to look up and I want to see where it takes me.
My interest in forex occurred as a quest to learn how to trade stocks. I was had no money to hang out as a student, I out of curiosity wanted to see if there was a "way" the stock market could have given signals before it tanked the way it did. Some people profited massively shorting stocks so I thought clues could be found and possibly I could avoiding loosing everything as I did in 2008. I was referred to babypips and instead of going into stocks, I decided to do forex.
I am a manual trader with a strict focus on S&R trading on the lower TF using but make use higher TF trends as a guide. I do pay attention to the news as well but those are skeptical entries. I got the rate change right for AUD (down to 2%) but not on the chart, haha. I have a small live account with money I can afford to gamble with.
My journal isn't to seek correct trades but to learn how to learn to "cap" my losses. Strange but its what I need to work on so here we go! So most of my time is studying when I should "get out" of a trade or when I should "cut" my losses.
I had a huge loss a day or two ago so the goal is to recover it first.
I love forex. One day it will love me back.