$46 dollars to $0

This is my personal journal where I shall be recording my journey.
I will be talking 3 trades everyday.
Starting Balance :$46.00

:-)

That's the spirit

"$46 dollars to $0"

I hope you don't succeed on that goal

I shall begin posting and recording from Monday.

final, someone with realistic expectations..

84 dollars was added to the $46 as I was not motivated enough to stay up 6 hours every night after work to trade on such a small account.

A good step!
Do you feel that the 130$ equity will motivate enough to stay up 6 hours a day?

I expressed this many times, that with small equity the best and big plans, the best to stay at work/he a job an extra hour, and that itself will equal a 'guaranteed 0% a day return' (13$).
Doing it, just 10 trading days will double your equity, with approx 1 hour a day work. A lot more favorable ratio of work/reward.

PS. Some may come from a country ( like me) where 13$ takes 2-3 hours work, or even more. But I think the point is clear enough: you need equity that motivates you enough to spend the time trading, to keep onto a risk management, and to feel that the reward is satisfactory.

Yes I do quite agree with you and I do plan on slowing adding to my account other week.
I am a 19 year old student so my options of employment are somewhat limited the best job currently available to me pays 2 USD per hour, due to studies and trading I only work 32 hours a week so my wage is 64 USD per week.
However trading at the moment is not really for the money but more to get the experience needed to trade my system as well as the confident to risk more as I am currently risking less than 1% of my account per trade.
I must say so far I am quite impress with my system as on average I am getting over 10 trading opportunities per day with reward to risk ratio of 2:1 , I would become comfortable with betting 3 % of my account per trade as long as my win rate is above 40% after a month has passed.
with an account of 100 dollars
10 trades per day 3% risk.
Lose 6 = 3 x 6 is 18 dollars
win 4 x 6 is 24 dollars - 2 dollars for the spread
leaving a profit of $4
I would therefore need just $300 to make trading worth my time.
Aim atm get account balance to $1000 at this level only risk 1 % per trade aim to make 1 % per day

Decreasing my Stop loss and Take profit and increasing my Lot size.
Con - spread becomes more of a burden
Pro - Suit my personality as I hate waiting ages of trades
- Increase in the number of trade should cover addition cost IF my edge really exist.

Account Balance was reduce to sub $30 a few days ago( appox a week ) , This was a result of me over leveraging to the market attempting to build my account.
Therefore not be able to control my emotions and not following my rules at all.
However I have work out these problems and is back at a emotion stable place and have learnt my less, I will put back up the TE soon.
But I would admit recovering from 85% drawdown is gonna be hard, but if done the level of confident I will have toward my system will be stronger than ever and I will / shall not end up in the situation again.

On another note , I ended up in this situation when I increase my lot size and experience a 9 loses in a row , there were winning trades between them but for some reason I just happen to only trade the losers.

All trades taken today was base on my method 10 wins in a row
no losing trades in-between / no trades miss.
Risk to reward of 1:1
Was I lucky maybe.
Edit 11 win now

Today was a bad day ,not because I am currently in draw down but Because I took a trade that did not follow my rules.
This rarely occur but it is important that trader set his rules in stone.

After making some major changes to my approach toward trading and my method.
I saw major improvement in my results , I am not as profitable as I would like to be but after forward testing my method for 150 trades the results are as expected.
I was able to make a profit of $0 for many this may seem like a disappointment and a failure but allow me to break down the details for you.
During the 150 trades several mistakes were made which took away from my profits.
A EA malfuntion resulted in me losing an additonal $25 due to a trade being place with a lots size 5 times the intended size.
A few limit order being trigger due to widening of spread costing me about $12.
Breaking my rules and attempting to let profits run twice costing me - $12 instead of + 12.
And a few odds moments that I took entry that didn't meet my rules.
Had these errors not been made I would be deep in profits at the moment.
Despite the fact that I trade a relative high lot size and pay an average of 30 cent commission per trade.
150 trades x .30 = $45.
After taking into consideration all these details , I would not be anywhere near BE had I been trading without a edge.