The long road to glory or hell

Hi all.

I been here a long time, and thought its time to do a journal.
I had many accounts over the years, most have done ok, the reality is I only played at it over the years.

Success id say 70%, I'm no big player and my returns have been modest in the low 100s each time I set myself up again.

I know my weakness, and its been/still is the hardest point i have to overcome. (Work in progress) I seem to enter trades well, but I set my SL to short or my trailing SL which when it takes a pull back it wipes it out, then heads for the hills which by that point I lost the edge.

As you see from my last trade, it should still be running and plus £40 but got hit by that pullback that hit my trailling TP.

Due to life pressure's work etc this was always a on the side job.
But due to health issues I can no longer work full time, which has freed up more time to get back into trading.

Due to not having a regular income, my capital is low for the moment, in fact the lowest I have ever put in an account, is is also till I get myself back into this I don't want to risk too much too soon that will come in time.

Also I would I like to apologise for my spelling and grammar, while it was never the best its a lot worse since my Diagnosis, which effects the brain, thats one more reason I stayed away from tradeing.
numbers. I was a numbers man, English out the window but numbers was my thing, that has taken a real dive for sure. (He says getting back into the markets) but its a lot better than it was.

So on that note, if you don't have anything nice to say then why say it at all, and over the years I never seen anyone really do that on these forums, but it does happen so JUST DONT. I don't care and you will just make a fool of yourself.

I'm not sure why I'm doing this journal, norm I'm a private person, I don't brag, I don't look down at others, we all people with our own little ways, and thats fine by me.

I might fall flat on my face, and you know what, that's OK. Its not the fall, its how you pick yourself up that counts.

Any questions fire away

So my plan is to just do what I been doing all these years and see if I can put it in to practise long term.

My risk on setting up the trade is 20% of the balance, which is quite a high margin if I call it the wrong way on them first trades till I start making the pips, few wrong entries and my balance is gone, this is my accept risk that while is high risk, I feel its a risk worth taking while playing with low amounts.

Once trade is in profit move the SL to keep that 20% which should help to stop it getting hit from a pullback.

If I have more free time, I will be in a position to react to the market as I see fit, but when eyes are off I will use the above to limit my losses and also limit my profit. But some pips are better than none.

Tradeing OIL at the moment as I'm up to speed enough on that, over the next free days will get myself upto speed on the euro/USD, GB/USD.
Need some more reading time yet to bring me up to speed.

Signals are from all over, tit bits from all over the news, market forces, my own intuitions and some indicators to maybe confirm I'm right or not.

I used scraping in the past to good effect, which I may well do day to day depending on how much time I can spend in front of the computer.
But my main goal is to get into a trade that keeps going and going(don't we all)

Happy to work on a modest 1-2% profit per day while my toes get wet, and to stop me jumping in the deep end from the start (which norm happens lol) penny's make pounds lol

Time will tell

Nice to see someone else trading oil. I prefer trading Brent though; but there isn't much difference to be honest.

Thanks for the comment.

Made a right hash tonight on opening. No idea how but manged to mess my feed up just on opening, so will take a hit for that lol.
Doing 3 things at once, and being unprepared, slow and steady wins the race.

Good luck and take care

Thank you.

Least I have my charts back up.
No idea what I did, manged to delete something that caused an issue.

In theory due to the lag on the signals not updating I went in with buy orders.
Total wrong move, and cost myself a few pips and workable margin.

All is not lost, just that moment, it should recover, but yes total wrong entry, hope for a good outcome .

If not

These things happen, and we live and learn to fight a new day

If I been on Brent when I made the hash up, I'd have been ok.
Brent done well.

Brent and Crude move in the same direction, magnitude usually somewhat the same. However, Brent pays more swap, so it is my preferred choice.

As I expected the main wrong trade got hit by my SL over night.

Pil trying to drive down though its little resistance zone..

So Just been skimming some pips this morning, penny's make pounds

Well thats been a bad day . nut figured out what has gone wrong and why the such poor results. or should i say crash and burn, we like fire lol.

The joys of my little brain issue, it was only after i went back and looked at my old trades, did the penny drop.

so its worth keeping a recored of good or bad trades, without it id still be

amazing what your brain can and cant remember, only when you see it do you SEE it .

so my brain is still wired to my old way of thinking, but the chart colors is the wrong way around, school boy error!!!!!!

so i been making trades the wrong way around, (thats the reason im telling my self at least) far bett er than admitting my brain is really messed up, but that is a possabilty as well

lets see if that changes things, im commited lets see what happens.

So today was play day to see if the change has worked.

Safe to say it has, played with the smallest lot size I could, that way minimise losses if I still had my old issue.
I got my entries points right, even in a tight ranging market.

So pleased with that, now to build up the lot size.
Last few lots bailed out in tiny small profits due to my connection dropping 4 times in 5 mins. Best to cut and run till it settles down again.
But the trade was correct and would have taken more profit.

All in all a good confirmation day and that was my goal

A day of 2 half's.

When I sit and pick the trades I do better, who knew

Moved to 15m time frame which helps me see the trend better,
Losing trades today have been rushed and should never have been taken, not to self, don't trade when still half asleep.
Others I jumped in and rushed.

Need to control the jump on the trend, or if I do, make sure I have better TP and or SL, trend was correct just not leaving enough slack between stops.

Not planning to up lot size till at least end of week, in no rush to make them millions, rather get it right than make silly mistakes first.