(binned per thread starter's request) Tiny account but serious ap

I always say that now it will be as planned. I do not give up.

My trading plan:

1. Pairs to trade: EUR/USD,USD/CAD,AUD/USD,GBP/USD,USD/PLN, XAU/USD,*NZD/USD
2. Position size: 0,01 for every 100$ in account*
3. What R/R: 2:1 or more
4. Monthly goal: 7% of profit
5. Don't change SL level during trade, looking for good setup at support/resistance line/zone as continuation of trend.

* - changed 26.01.2018

Subscribed; will follow with interest.

Good luck!!

Trend UP, Enter trade on support zone.

I will present my account balance as a candlestick chart. Starting from 149. Monthly chart. I know there is a trade explorer here but my way is simple and minimalist.

#1 trade EUR/USD closed 1.1859 +35

#2
OPEN TRADE

1. NZD/USD sell 0.7369

Hi there Gopixus,

Just a reminder NZD/USD wasnt in your trading plan in your first post

And 0.01 lot every 100 USD is way too much to risk. You can double the account or blow up the account within weeks if you use that leverage. So I dont think u will be near +\- 7%.

I wish you good luck and green pips

Throwing some things for you to think about. In terms of position size, I do not think you should have a fixed lot size based on your trading account size. The stoploss should be taken into account. Trading 0.01 with a SL of 20 pips would be risking roughly 2% ($2) of your $100 account, but a SL of 100 pips would be risking roughly 10% ($10). Also, you are trading on a Daily chart, so your SL would most likely be large. You would be risking way too much per trade. I do not think you can realistically trade a $100 account on the Daily chart.

Actually my risk is about 4% per trade (for example 120 pips SL on above trade). I just deposit more funds to be calm. Thanks for your care NZD/USD? Yes, there is no pair in my plan but it should be I will show my trade explorer when over a dozen will be closed.
Cheers!

#3
OPEN TRADE

1. USD/PLN buy 3.3362

#3
CLOSED TRADE

1. usd/pln sl @ 3.3200
   -16.40

I don't think that 0,01 is too big for 100$ account. Now my balance is converstion to USD is about $150 and 0,01 is ok, that's 4% risk so only - safe



Rollercoaster but now on my side. Plan is a plan. Hold to 2R.

NZD/USD TRADE UPDATE : I just move SL to 0.7335. It takes too long and I don't want to lose on this trade. Market is too undecided this time so I take a sparrow in my hand.

The size of trading account and volume of trade is not the most important. The most important is to sleep good (excluding my crying children at night) with my open positions. Stage of making money fast and greedy volume - it's behind me. I know that when I will make money month after month with my strategy when I can increase volume. This is the beginning of the path - 2018. Where it will lead me? We will see.

Weekly candles looking good. 50% fibo is a range?


07/02
Things to improve:
Yesterday I changed sl level because. Reason? Too often looking on charts - wrong!

The mistakes on my trading to correction:

1. overtrading
2. trading durring a day
3. changing sl levels

Mixed strategy of PA, cutting losses and some intuition are the best way to survive. Looking at the profitable journals on our forum i see often fast cutting losses and getting what market give.

I hope I will not fall into a trap after some winning series (small wins but wins).

Hi Gopixus, good luck with your trading,

Just wondering, you talked about what to trade, how much, R/R and desired profit...

What about your entry/exit rules, do you have ones, or is it just your subjective appreciation ?

Hi. Thanks for good word.

Rigid RR rules do not work for me mostly. Generally I have good efficiency so taking part of the profit is better than waiting for 2R (as seen in the transaction chart). Recently, the issue of getting out of (profitable) position is a bigger "problem". How to manage position etc.

Entry rules? Mainly price action, sup/res lines zone.

Todays trading? = More luck than brains...

AUD/USD sponsors this month for me

Crazy trading gbp/usd All buy positions.

Good payrolls position. +1,3%

Risky buy gbp/usd. 3x larger position size than always. I don't know why i play with devil.