First Things first. I owe a great piece of thanks & appreciation to Rag2RichesFX for bringing in a different thought process in to my trading life. Trading is not new for me. I trade to live, since 5 years. But this guy brought a new way of looking & trading.
1.More realistic target.
2.I will try this exercise ONLY 10 times, 100$*10=1000$, which I can afford to lose.
3.1st 7 times, like a college fees to understand & learn the intricacies of this project.
4.Last 3 times, like an exam fee to implement and execute all those things that I learnt during college days.
5.Under worst scenario, I stand to lose 1000$.
6.Under best scenario, if in any of these 10 attempts, I reach the target, as famous saying goes, Rinse & Repeat.
7.Why a public journal? As I know whole world or few people in the whole world, are watching my trades, I will be more responsible in this Adventure. I will have boundaries to respect.
Strategy:
1. Trade from Tokyo Open to London Close
2. Be realistic with Targets. Be flexible.
3. Increase volume with increase in equity, revert to previous volumes in losses.
4. Trade only when volume is better.
5. Trade only A+ set up’s.
6. 1 pair at any time. Stack aggressively, once in profit.
7. Maximum 1 trade in running loss.
8. Review progress (with regards to the Plan), daily & in week end.
Wish me luck Guys.
Stay in Green.
1.More realistic target.
2.I will try this exercise ONLY 10 times, 100$*10=1000$, which I can afford to lose.
3.1st 7 times, like a college fees to understand & learn the intricacies of this project.
4.Last 3 times, like an exam fee to implement and execute all those things that I learnt during college days.
5.Under worst scenario, I stand to lose 1000$.
6.Under best scenario, if in any of these 10 attempts, I reach the target, as famous saying goes, Rinse & Repeat.
7.Why a public journal? As I know whole world or few people in the whole world, are watching my trades, I will be more responsible in this Adventure. I will have boundaries to respect.
Strategy:
1. Trade from Tokyo Open to London Close
2. Be realistic with Targets. Be flexible.
3. Increase volume with increase in equity, revert to previous volumes in losses.
4. Trade only when volume is better.
5. Trade only A+ set up’s.
6. 1 pair at any time. Stack aggressively, once in profit.
7. Maximum 1 trade in running loss.
8. Review progress (with regards to the Plan), daily & in week end.
Wish me luck Guys.
Stay in Green.
