ZSI's Progress and Accountability

Hello, and welcome to My Trading Journal!!!

I go by ZSI around here. I've traded demo on and off for the last year or so, and recently decided to put some money into a micro account to get things rolling. At first, things went pretty well until I lost. I got emotional and tried to play catch-up. I'm sure just about everyone here understands what that's like.

I went back to demo to get my confidence back. I took a $5,000 demo account to $10,000() about a dozen times over the last year, but the pressure of dealing with real money, my money, is very different.

So I have decided to start with real money again, but to keep things real, I'm starting slow. I put $25 into my micro account, and started trading just 1 micro-lot. My daily target is 20 pips, and an increase of 1 micro-lot per day. While the Risk % isn't what I would like it to be, this is only to phase me into trading comfortably with my money.

My Near-Term Goal is to grow my account from $50 to $2000 by the end of January.

I have re-formatted my reporting to have Monday as Day 1, and Sunday Midnight as the end of Day 5... how I counted days before confused me.

Attached Image (click to enlarge)

The purpose of This Journal is two-fold.

First, I hold myself accountable. Before I place a trade I realize I will post it for the world to see. Am I trading because I want to make money, or because I truly think and believe that I have done my due diligence and the market is going to move the way I think it is? :nerd:

Being a vain person, I don't wish to appear foolish on the internet.

Secondly, I hope to learn from those who have found, and are finding, success. After all, how many can find success on their own? Let us share our knowledge, experience, and success as best we can!

I work full-time, so trading is only available to me in the early morning, occasionally at lunch, and late at night. Over-night trading is pretty new to me, I'm used to scalping. However I look at this as a challenge, an opportunity to grow and conquer my impatience, and a more practical approach to achieving my dream. My Near-Term Goal is to grow my account from $25 to $2000 by the end of January.

Last week was my first week, although I didn't have very much time, maybe 20 minutes a day. This week should be better, so I am starting my daily-lot-increase-schedule as of tomorrow. I grew my Account from $25 to $43.71 the first week!!!

Today was quite the success for me as well. From now on, all my trades for any given day will be the same number of lots.

Considering that my target for the week is conservatively $60, it seems I am ahead of schedule.

I have placed my over-night trade. Long EUR/USD at 1.48957, TP=1.49457

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I left 1 micro lot open last night based off of my previous expectation that EUR/USD would rise to 1.4920. This is exactly why I have this thread. I closed my positions last night where I did because I lost confidence in the bounce up to 1.4920.

So why would I leave 1 micro lot open when I no longer was confident?

HOPE

In that moment, when confidence turns to hope, or even desperation, I am no longer trading. I woke up to a failed trade this morning. Luckily, I was able to shrug it off, and my next trade was successful, regaining my losses, and then some.

After work tonight I place a few quick trades. I realized my reporting is going to be off a little, so according to my platform's reporting, here are my results as of day 2:

Attached Image (click to enlarge)

I will be posting a spreadsheet later showing my goal progress vs. actual progress day-by-day.:nerd:

CURRENT BALANCE - $74.12

I have finished my new format for reporting, as well as an accompanying spreadsheet to show my progress. I have nearly reached my goal for the week in only 2 days!!!

I have a demo of MT4 that I'm currently trying out. So far, I really like what it has to offer. I am more easily able to look at all my Support and Resistance areas over multiple timeframes. :nerd:

I have done my Short-Term Trading for the day, where I most easily get the Pips I need. Now, I am simply waiting on my Long Term Trade.

SL - 1.4758
EP - 1.4743
TP - 1.4700
TP - 1.4670

Good luck.

good luck very nice keep it up...


can u please attach your excell spread sheet? I am noob in using excell and want to keep my track records on excel