Hello all board members,
I am writing this journal so that I can build too help myself and others....During my period of trading over 5 years now I have been up and down the ladder many a times and writing journal's has always helped me improve my trading.......
My objective:
My Initial Capital: £10000
My Trade Pip/Point Value :£50
My Stop Loss :A Maximum of 30---Generally only 13 pips
My Target: 5 points a day
Losess per day :A maximum of 1
Trading Times
epends on the trade but if I am trading Currencies the
Least Volatile Times ie after 5: to 3:00 in the morning
Each and every trade will be documented on this forum but for personal
Reasons I will not be taking screen shot of trades...which I do collate in my personal journal....If you would like to view them please P.M me
I dont mind advice as I believe that everyone in the world has got an higher intellect than me....the only thing is please do not advice me on my risk management theory as this is something that I do know about....I would like my journal to help everybody here but please make all call on your own intellect.....
What will my trades look like:
They will all be documented in the following format:
Trade 1:
Date :04/11/06
Sell Order: 1.9012
Trade Stop : 1.9025
Trade Limit : 1.9030
If Target Met:
Trade Profit = 50x5 =£250
Total Balance= £10250
Trade P.R=1/20
I understand this journal may not be the liking of many traders out there but I guess this more about my methodology of trading...
The Rav Methodology..
I have backtested this on the side as on average I hit atleast 300 pips a month but my trade sizes were very less.
So I fall goes well
I should have turned 10,000 in to 50,000
into 8 months....
Please bear in mind I am on vacation from the 10th of December to te 15th of january as I am going to my motherland India....
I wish all the best of luck that follow my trades and luck to all those that dont either....
Happy Trading
Rav
I am writing this journal so that I can build too help myself and others....During my period of trading over 5 years now I have been up and down the ladder many a times and writing journal's has always helped me improve my trading.......
My objective:
My Initial Capital: £10000
My Trade Pip/Point Value :£50
My Stop Loss :A Maximum of 30---Generally only 13 pips
My Target: 5 points a day
Losess per day :A maximum of 1
Trading Times
epends on the trade but if I am trading Currencies the Least Volatile Times ie after 5: to 3:00 in the morning
Each and every trade will be documented on this forum but for personal
Reasons I will not be taking screen shot of trades...which I do collate in my personal journal....If you would like to view them please P.M me
I dont mind advice as I believe that everyone in the world has got an higher intellect than me....the only thing is please do not advice me on my risk management theory as this is something that I do know about....I would like my journal to help everybody here but please make all call on your own intellect.....
What will my trades look like:
They will all be documented in the following format:
Trade 1:
Date :04/11/06
Sell Order: 1.9012
Trade Stop : 1.9025
Trade Limit : 1.9030
If Target Met:
Trade Profit = 50x5 =£250
Total Balance= £10250
Trade P.R=1/20
I understand this journal may not be the liking of many traders out there but I guess this more about my methodology of trading...
The Rav Methodology..
I have backtested this on the side as on average I hit atleast 300 pips a month but my trade sizes were very less.
So I fall goes well
I should have turned 10,000 in to 50,000
into 8 months....
Please bear in mind I am on vacation from the 10th of December to te 15th of january as I am going to my motherland India....
I wish all the best of luck that follow my trades and luck to all those that dont either....
Happy Trading
Rav
