New Year 2010 - How long can I survive with 50 dollars?

My name is Julian and I am trading forex for about 3 month. I put lots of money in my account but The year 2009 ends with a lousy 58 dollars in my account.. I have a microaccount,that means I am trading 0.01 lot = 10 cents.

New year - 2010, new start. This is an experiment, how far can I go with about 50 dollars? Let's see....

1. 2009.12.29 18:30 sell 0.01 eurusd 1.4339 1.4489 1.3989 2010.01.04 03:08 1.4275 6.40
2. 2009.12.31 06:11 sell 0.01 eurusd 1.4365 0.0000 0.0000 2010.01.04 03:08 1.4278 8.70

Balance for today (Monday 4th january) 15.10$ (note this transaction were residual from last week, they were closed today)

How much are you risking per trade, in cents, and as a %age?

1. 2010.01.04 00:00 buy 0.01 eurchf 1.4835-1.44
2. 2010.01.04 00:01buy0.01eurusd1.4306 3.00
3. 2010.01.04 00:01buy0.01eurusd1.4306 -1.50
4. 2010.01.04 02:09sell0.01eurchf1.4822 -1.44
5. 2010.01.04 02:14sell0.01eurusd1.42901.30
6. 2010.01.04 04:00buy0.02eurchf1.4837-3.08
7. 2010.01.04 04:36sell0.01gbpusd1.6098-1.50
8. 2010.01.04 04:52buy0.01gbpusd1.6116 -1.50
9. 2010.01.04 05:17sell0.03gbpusd1.6102 10.50
10. 2010.01.04 09:40buy0.01audusd0.8993 3.00
11. 2010.01.04 16:44buy0.01audusd0.9089 3.50
12. 2010.01.04 18:54buy0.01eurjpy133.52 -1.62
13. 2010.01.04 19:02sell0.01eurjpy133.37 -1.62
14. 2010.01.04 19:14buy0.02eurjpy133.53 -3.24
15. 2010.01.04 22:16sell0.03eurjpy133.39 12.69

Profit for today 17.05

Please check my transactions... I go mostly with the minimum lot size available - 0.01, however I am aware i could blow up my acount in days (if not hours), fifty bucks is to small... Mostly I put a stop loss 15 and take profit 35. If I feel the trend will still be on my side I'll just cancel my "take profit" and let it ride...

1. 2010.01.05 02:13buy0.01eurusd1.4439 -1.50
2. 2010.01.05 02:16sell0.01eurusd1.4425 -1.50
3. 2010.01.05 03:08buy0.01eurjpy133.04 0.32
4. 2010.01.05 03:11buy0.01eurjpy133.11 0.22
5. 2010.01.05 03:38buy0.01eurjpy133.18 -1.63
6. 2010.01.05 03:49sell0.01eurjpy133.03 3.81
7. 2010.01.05 06:38buy0.03eurusd1.4440 -4.50
8. 2010.01.05 07:00sell0.04eurusd1.4425 -6.00
9. 2010.01.05 07:44buy0.05eurusd1.4441 7.50
10. 2010.01.05 08:02buy0.05eurusd1.4461 5.50
11. 2010.01.05 08:56buy0.01eurusd1.4473 0.50
12. 2010.01.05 09:06buy0.01eurusd1.4481 -1.50
13. 2010.01.05 09:11sell0.01eurusd1.4466 2.90
14. 2010.01.05 09:14sell0.01gbpusd1.6126 -1.50
15. 2010.01.05 09:22buy0.01gbpusd1.6141 -1.50
16. 2010.01.05 09:40sell0.02gbpusd1.6127 6.00
17. 2010.01.05 09:56sell0.03gbpusd1.6091 1.50
18. 2010.01.05 10:04sell0.01eurusd1.4426 0.80
19. 2010.01.05 10:04sell0.03gbpusd1.6073 5.70
20. 2010.01.05 10:23sell0.03gbpusd1.6043 2.10
21. 2010.01.05 10:32sell0.01gbpusd1.6030 -1.50
22. 2010.01.05 10:33buy0.01eurusd1.4420 -1.50
23. 2010.01.05 10:35buy0.01gbpusd1.6046 1.90
24. 2010.01.05 10:36sell0.01eurusd1.4405 -1.50
25. 2010.01.05 10:39buy0.02eurusd1.4421 -3.00
26. 2010.01.05 11:14buy0.01gbpusd1.6069 -1.50
27. 2010.01.05 11:41sell0.01gbpusd1.6055 2.30
28. 2010.01.05 12:18buy0.01eurchf1.4846 0.10

Balance for today - Profit 13.52$

Some of this are manualtransactions, but some are made by my ea. I stayed late last night trying to squeeze maximum from the market.

I guess I was lucky... I started my account with 58 dollars on the 28th December, I already made a profit of $45.67, Total amount in my acount today $103.67. I ALMOST DOUBLED MY ACCOUNT IN JUST A COUPLE OF DAYS.

Question is.. can I survive the week? I am risking way to much according to my acount size.

I know I am risking way to much, but my experiment is to see how much I can stay in the game... Of course I have a strategy, a very simple one... we will see what is going to happen.

Gday - I'd love to know how much you are risking per trade and what is the entry points you are doing.

Cheers

So, come on! Let's take this seriously!

How about putting proper money management in place (no. 1 objective: protect trading capital) and treat this beautiful $50 as though it was your last $50 in the whole world.

This could be a fantastic exercise in wealth creation!