Hi Everyone,
As the journal title and my name suggests, I am a noob trader. I have been trying to trade for the past two years and have been losing money consistently. After jumping from strategy to strategy, I have put together different things I learnt to come up with a strategy that makes sense to me. Thus, I am opening this journal to record my trades and hopefully keep myself disciplined as I stick to the plan.
Pairs Traded: EURUSD, GBPJPY and EURJPY
Session: Pre-London and London Session
Risk: I will be risking 3% per trade as my account size is small ($100) and I am okay with losing that small sum of money. Each day, I will take a maximum of two trades, putting my max daily loss at 6%.
Here's to hoping that this noob makes some progress.
As the journal title and my name suggests, I am a noob trader. I have been trying to trade for the past two years and have been losing money consistently. After jumping from strategy to strategy, I have put together different things I learnt to come up with a strategy that makes sense to me. Thus, I am opening this journal to record my trades and hopefully keep myself disciplined as I stick to the plan.
Pairs Traded: EURUSD, GBPJPY and EURJPY
Session: Pre-London and London Session
Risk: I will be risking 3% per trade as my account size is small ($100) and I am okay with losing that small sum of money. Each day, I will take a maximum of two trades, putting my max daily loss at 6%.
Here's to hoping that this noob makes some progress.
The noobest trader you will ever see.