I will be regulary posting my trading days, stories or other trading related things. Want to see my progress over time and became more disciplined as now i am just too much attracted to break some rules (trading too big, revenge trading, seeing what "they" are doing to the traders and getting mad...).
ok so let`s start with a recent story:
10 days ago i deposit 500 to the ICMarkets with intention to try with a passive income(copy trading). Analyzed many different traders and their trading habits. i decided to go with strategy called "Calm". It was weird experience. Site and stat was telling me that it made about 3% profit, but my balance was negative(i read somewhere that they add 1,5pip to the spread). That would mean if he would be making small pip profits i would be negative for sure (and it also has a 30% Performance Fee on that). Ok the day was still young and he can make more profits, right? I opened account during the day and i saw account balance just chipping away those. I also noticed that he must have somekind of a martingale system as now i could see the positions...on 500 account i saw -178 and +180 trade. wtf? and of course in meantime my equity stop loss was hit which i set at a balance of 395. thats a -21%.
And i also noticed parameters about strategies are missleading if not total nonsence. Created my own strategy, did few trades but results describing my strategy were better than my actual results and how things are calculated.
I cancled copy trading and now i took account in my hands. Improved from 395 to 435 in 3 trading days.
As i can see tomorrow on 30th of may there is a USA bank holiday but could still do few trades with dax i guess.
If market conditions will be ok, then sure, otherwise back on tuesday.
ok so let`s start with a recent story:
10 days ago i deposit 500 to the ICMarkets with intention to try with a passive income(copy trading). Analyzed many different traders and their trading habits. i decided to go with strategy called "Calm". It was weird experience. Site and stat was telling me that it made about 3% profit, but my balance was negative(i read somewhere that they add 1,5pip to the spread). That would mean if he would be making small pip profits i would be negative for sure (and it also has a 30% Performance Fee on that). Ok the day was still young and he can make more profits, right? I opened account during the day and i saw account balance just chipping away those. I also noticed that he must have somekind of a martingale system as now i could see the positions...on 500 account i saw -178 and +180 trade. wtf? and of course in meantime my equity stop loss was hit which i set at a balance of 395. thats a -21%.
And i also noticed parameters about strategies are missleading if not total nonsence. Created my own strategy, did few trades but results describing my strategy were better than my actual results and how things are calculated.
I cancled copy trading and now i took account in my hands. Improved from 395 to 435 in 3 trading days.
As i can see tomorrow on 30th of may there is a USA bank holiday but could still do few trades with dax i guess.
If market conditions will be ok, then sure, otherwise back on tuesday.
