CKH Trading Journal

Okay, this will be my trading journal for my live account.
I have about $100k in it.

I trade NAKED; this means no indicators but pure experiences only.
I have being doing this for two years already.

I started with $50k and ended up about $100k.
My new aim is $200k.

Wish me luck.

I trade AUDJPY. Why? Because I get high rollover for AUDJPY.
I am currently LONG. And this is real good.

Here is a chart for better viewing. It is attached.

I cannot seem to attach.
Anyway, here is my position.

I am LONG on AUDJPY. Lot size is 8.00 on 86.088 and my TP is 102.450 with a SL at 75.730
If 102.450 is reached, I say I will make decent amount of money.

I think I made a solid choice on this.

I should make about $130,000 or so if my target hits.
Man! This is simply awesome and great!

Please don't reply unless you have good comments or advices.....

For those wondering what's up.

I will post to this journal TWICE a week only:
Once at the beginning of the week and once at the end of the week.

Since I am writing this, however, here is the latest stat on my position.
Anyway, I am up $5000 with my position. Yeah, that's 5k!!!!
I will hold and milk my position to max.

Ha! Ain't life easy? Oh yeah, baby!

Oh yeah, trailing stop got hit by accident.
Made about $6000 in profit.

Hey, but this was a good thing.
AUDJPY went back down.

I bought again on 86.194 with lotsize of 8.
New stoploss is at 75.000 and there is a solid support there.
It will never retrace down that far.
My takeprofit is at 122.700 now.

Oh man. This was a real good week.
6k in profit by accident with trailing stop and now I am waiting for more profit. Don't worry, I know what I am doing.

My balance is up this week. Yeah! Hurray!

Status on my AUDJPY trade.
Minor drawdowns, no big deal.
It is just a minor retracement or hiccup.
This happens all the time.

DISCIPLINE is the game.
My long position is still good.

Okay, my trade is in positive territory.
It is about $2k up.
Should I take profit?

No! It is about discipline and game plan.
I will wait and milk it all the way.

My advice would be:
1) close this journal, as it is of no use for your trading
2) ask yourself a question if you are trading or investing
3) a 12% stop loss ? you are kidding yourself, and your trailing stop will never let you reach your profit target wich is even more remote
4) "will never go to 75.00" is the kind of thinking that will lead you straight to the cemetery of trading
5) ask yourself where you can find the most fair marketplace with the lowest trading costs and the highest percentage of volume generated by the ignorant participants and start learning how to trade there (it is certainly not in the FX market)

Maybe not yet, but it went to 76.87 on my broker today.

Learn a lesson about cutting your losses quickly yet? Let's see... about 900 pips lost on the AUD/JPY at 8 lots... that's about an $80,000 or 80% drawdown on a 100,000K account... hello margin call!

Better luck next time... maybe you've learned something about money management for the next time you open another DEMO account.

AUDJPY = 72.96, AMEN...

lmao - owned