This is the start of my trading journal. I do it because I like journaling.
I have traded a lot in my days but the last years I have mostly been doing value investing
due to lack of time. Trading needs focus and time. Now I have some time but more importantly I have focus again.
I have a special love for forex since it where I started my journey but also because there are a lot of things you don't have to worry about like filling orders etc... (Unless you have a huge account lol)
As far as my trading style I don't use any indicators at all. I have a blank candle stick chart and instead I trust my intuition that I have built
up overs the years of a lot of trading. I do look at price action and e.g. resistance levels.
I have done well trading over the years but have been away from forex for quite a while. So will be starting small to see if I still got it and add more funds.
My winrate hoovers around 60% and minimum profit is always 1:1 but usually larger. Stop loss is always fixed if trade goes bad but I can change it if trade goes my way. That usually happens if profit is equal to what I have risked. Then I might move it so regardless I have profit.
I usually trade Daily or Weekly charts with the occasional 15 min, 30 min, 1 hour, 4 hour trade but it all depends on time available. Daily and weekly trading I can always manage.
Risk I manage depending on how much I like the trade but something between 1-5% of account. Now in the begininng it can be something as crazy as 10% but its just because it is a small account and I am just getting started again. It does not affect my overall funds. If I still got it I will manage risk more properly as trades gets larger.
Started with 300 Euro and currently at 346 after 7 trades.
I have traded a lot in my days but the last years I have mostly been doing value investing
due to lack of time. Trading needs focus and time. Now I have some time but more importantly I have focus again.
I have a special love for forex since it where I started my journey but also because there are a lot of things you don't have to worry about like filling orders etc... (Unless you have a huge account lol)
As far as my trading style I don't use any indicators at all. I have a blank candle stick chart and instead I trust my intuition that I have built
up overs the years of a lot of trading. I do look at price action and e.g. resistance levels.
I have done well trading over the years but have been away from forex for quite a while. So will be starting small to see if I still got it and add more funds.
My winrate hoovers around 60% and minimum profit is always 1:1 but usually larger. Stop loss is always fixed if trade goes bad but I can change it if trade goes my way. That usually happens if profit is equal to what I have risked. Then I might move it so regardless I have profit.
I usually trade Daily or Weekly charts with the occasional 15 min, 30 min, 1 hour, 4 hour trade but it all depends on time available. Daily and weekly trading I can always manage.
Risk I manage depending on how much I like the trade but something between 1-5% of account. Now in the begininng it can be something as crazy as 10% but its just because it is a small account and I am just getting started again. It does not affect my overall funds. If I still got it I will manage risk more properly as trades gets larger.
Started with 300 Euro and currently at 346 after 7 trades.
