[DailyProfitFX] My Recovery Journal

1. Who am I ?
A real trader who got loss almost 20K USD and now starting to do a recovery project.
2. What is my purpose for this thread?
As my trading journal, and share to others that loss in forex is not the end of our live
3. Am I optimist with my recovery project?
Sure, and hope It will inspire other traders.
4. Am I have a special purpose of this thread, let's say account managed service..bla..bla etc?
Perhaps, but I prefer create a group (Telegram or Whatsapp) and share any trading idea than account managed service.

Perhaps, You will ask... so, what I have to do on your thread?
- If you interest with my daily performance, perhaps we could make a discussion

Thanks and good luck for Us

So far this week's performance 31.7%

Have a profit day traders

extra risk martingale...3x...sure it works until one time not, and that with this type of extreme martingale probably not that far away.
mind you, i trade progressive lots, but would never dare to be this progressive...

basic martingale( using your starting lot) : 0.02+0.04+0.08+0.16+0.32+0.64+1.28+2.56....7 position, total open: 2.54 lot
your aggressive martingale (3x): 0.02+0.06+0.18+0.54+1.62+4.86+14.58...7 position, total open: 21.86 lot

deliberatly included 2 extra level from 5 entry what you already had opened recent enough...
would your leftover equity support it? or even just lvl6?
i honestly doubt.

once again, i am one who has no problem with martingale, and enjoying to watch a good challenge to recover lost balance, but even basic martingale is a risky business, and rushing in a kamikaze fashion with 3x progressive steps is suicidal.

but yeah, when it is a quiet week it looks fine to see/say i am 30% up for the week, and only need 870% more to BE!
only the problem that any single wrong sequence will blow all the effort in 1.

ps: for investor's sake, please dont try this with other's ppl money!!

Appreciate with your honest analysis of my trading style, buddy.

Sure, I didn't trade with other people's money...and this trading style has been adjusted with my financial risk profile, and perhaps this is not suitable for other traders/investors.
Let's talk about the 'emergency way' in case the market is run out of our expectation.
I have a simple rule : if the position (floating minus) of trading is reach 10-20 % of my balance, CUT LOSS will be implemented
Honestly, this strategy is very safe (ideal) for balance USD 10,000.
Perhaps, I will get a question... whether my loss (20K USD) happened by using this strategy?
The answer is No !

This is my 'crazy' project after I learn (autodidact) forex... hope I am on right way by now

Once again, thank you for your kind words (analysis of my trading).

Markets still move in 'slow motion' at Asia Session.
7.7% so far for this month.

Happy profit for us.

2,2 % so far (for this week)
10,2 % for this month (as per Sept, 12)

How about yours?

Happy profit for us.

in my point of view about simple trading system... if can be implemented on your gadget

Update Sept 15, 2017
This Month performance : 13%

Have a wonderful weekend for all...

0.8% on Monday...
not too bad

I wish you good recovery , results are not showing some thing positive.

Thanks buddy.

Wish us luck

So far, this month trading performance : 23%

Happy weekend all.

So far, September' s performance 25%

Update, 26 Sept

Today's perfomance = 0.8%

Entry point match for GBP JPY

Cheers

Hope will reach 30% for this September..

Cheers

Finally, 30% be reached this Sept.

Good bye awesome Sept..wish will be better on October

Welcome October...
Wish we all in profit.

I think learning how the big boys in funds are doing it, would help. Tight risk, diversification, trend following. Why try to reinvent the wheel?

https://www.forexfactory.com/showthr...7#post10282567

Thank you for your kind advise.
what I am doing now, learn to undestand the "market's movement", and collects profit step by step. Any complicated trading system will be avoid since I trade by my old smartphone (MT4 mobile version which can not be installed any custom indicators).

Still on progress, hope my account will be recovered by using my simple trading strategy.

appreciate for your visiting