Hey guys,
I've been trading for about a year now. Its been a constant battle, definitely has been the most challenging thing that I've tried. I studied from A to Z started off with demo then to micro and now mini. I don't think I'm ready to step up any further as regards to my account size. I realize that I still need a heck lot of screen time !! Well enough the rant, I'm about to set myself a challenge to turn 1000$ to 5000$ timeframe 5 months. This may not sound as aggressive as some traders out there but as far as risk is concerned this is what I'm comfortable with at the moment.
I'm still working on the art of trade execution and trade management, as for my trade methodology I'm quite certain that I've got the basic framework. What needs more work is like I said trade execution and management.
I won't be going in detail how I screen for potential setups, but if anyone of you is interested I can post charts. There's going to be some explanations as to why I took the trade however.
I usually like to open positions during London, I try to avoid Asian session as much as I can I've had countless bad trades ! Edit there was nothing wrong with the session itself I just had to learn the flow of things. I think I have finally. But I am aware there're still a lot of things to learn. That's what excites me about the market.
I don't think I'll be posting anything for today.
First phase: 1000 to 5000
Second phase: 5000 to 10000 but the timeframe will be less
Third phase: 10000 to 100K
Update: I'm aware that I've gone off the time frame a little and according to my initial goal as of now I've got 2 months left to reach my initial goal of 5000$. Realize guys that I have full time job and other things to do besides trading and I also had to work on my trade execution which I put a lot of hours and screen time for the last 3 months. Now I feel like there's nothing in my way to reach my goal. So I'll keep it going. Wish me luck ! The reason why I decided to keep this thread going is that I wanted to show people aspiring traders and to those who says it can't be done that "IT CAN BE DONE" and you don't need a whole lot.
Cheers!
I've been trading for about a year now. Its been a constant battle, definitely has been the most challenging thing that I've tried. I studied from A to Z started off with demo then to micro and now mini. I don't think I'm ready to step up any further as regards to my account size. I realize that I still need a heck lot of screen time !! Well enough the rant, I'm about to set myself a challenge to turn 1000$ to 5000$ timeframe 5 months. This may not sound as aggressive as some traders out there but as far as risk is concerned this is what I'm comfortable with at the moment.
I'm still working on the art of trade execution and trade management, as for my trade methodology I'm quite certain that I've got the basic framework. What needs more work is like I said trade execution and management.
I won't be going in detail how I screen for potential setups, but if anyone of you is interested I can post charts. There's going to be some explanations as to why I took the trade however.
I usually like to open positions during London, I try to avoid Asian session as much as I can I've had countless bad trades ! Edit there was nothing wrong with the session itself I just had to learn the flow of things. I think I have finally. But I am aware there're still a lot of things to learn. That's what excites me about the market.
I don't think I'll be posting anything for today.
First phase: 1000 to 5000
Second phase: 5000 to 10000 but the timeframe will be less
Third phase: 10000 to 100K
Update: I'm aware that I've gone off the time frame a little and according to my initial goal as of now I've got 2 months left to reach my initial goal of 5000$. Realize guys that I have full time job and other things to do besides trading and I also had to work on my trade execution which I put a lot of hours and screen time for the last 3 months. Now I feel like there's nothing in my way to reach my goal. So I'll keep it going. Wish me luck ! The reason why I decided to keep this thread going is that I wanted to show people aspiring traders and to those who says it can't be done that "IT CAN BE DONE" and you don't need a whole lot.
Cheers!
Tape reading is an ART
. Anyway I'm hoping to grab some pips this week. I've just been trying to limit my losses an maximize my winners. 
I realized that its been almost 3 months since my last update so here goes my account update.
