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The snail Journal 2010

  • #1
  • First Post: Jul 16, 2010 4:04pm Jul 16, 2010 4:04pm
I have been trading for a while, but my result is mixed. But one thing I notice is, the more I wanted to gain in the shortest possible of time, the more I shall lose.

This prompted me to want to re-examine my past successful trades, but I could not because I didn't keep a record.

So I decided to open my journal book in FF to keep track of my future performance and serves as a review of the mistakes that I will make. Along the way, I hope experience traders/masters to give me a hint or two as guidiance.

Actual trading will commence next week !!
  • #2
  • Jul 18, 2010 10:49pm Jul 18, 2010 10:49pm
As planned, today will be the beginning of my trading journal

Balance in trading account : $1391.79

Trade #1 : Shorted AUD/JPY @ 74.91 with 422 units





  • #3
  • Jul 19, 2010 9:51am Jul 19, 2010 9:51am
Quoting random pips
I have been trading for a while, but my result is mixed. But one thing I notice is, the more I wanted to gain in the shortest possible of time, the more I shall lose.

This prompted me to want to re-examine my past successful trades, but I could not because I didn't keep a record.

[b][font=Comic Sans MS][color=#0000ff]So I decided to open my journal book in FF to keep track of my future performance and serves as a review of the mistakes...
Hi Random, would you care to share your methodology with us?
Position trader - Anything intraweek is just noise...
  • #4
  • Jul 19, 2010 9:52am Jul 19, 2010 9:52am
Quoting random pips
As planned, today will be the beginning of my trading journal

Balance in trading account : $1391.79

Trade #1 : Shorted AUD/JPY @ 74.91 with 422 units




What do you mean by 422 units? What's a unit?

I'd love to know your reasons for taking this trade, timeframe, etc
Position trader - Anything intraweek is just noise...
  • #5
  • Jul 19, 2010 3:14pm Jul 19, 2010 3:14pm
Bad luck first day mate. What was your stop loss? Are you still in your trade?
Position trader - Anything intraweek is just noise...
  • #6
  • Jul 19, 2010 4:08pm Jul 19, 2010 4:08pm
Hi Arfer Daily,

Sorry to reply you late as I was working on some stuff before I return to my thread, apologise for that.

As to answer your questions, my trading style for now is on weekly basis (until I find something more effective). That means, I only trade once a week and mostly on the first day of the week.

And because I trade only on per week basis, naturally, my chart is also a weekly chart and I look for trend in this chart. As such, I'm incline to place my stop loss based on weekly chart too.

Hope my reply would be able to satisfy most of your doubts you have for the moment.
  • #7
  • Jul 19, 2010 11:57pm Jul 19, 2010 11:57pm
Quoting random pips
Hi Arfer Daily,

Sorry to reply you late as I was working on some stuff before I return to my thread, apologise for that.

As to answer your questions, my trading style for now is on weekly basis (until I find something more effective). That means, I only trade once a week and mostly on the first day of the week.

And because I trade only on per week basis, naturally, my chart is also a weekly chart and I look for trend in this chart. As such, I'm incline to place my stop loss based on weekly chart too.

Hope my reply would be able to satisfy...
I have no doubts at all, just wondered about your method. Good luck then.
Position trader - Anything intraweek is just noise...
  • #8
  • Jul 20, 2010 2:30am Jul 20, 2010 2:30am
Hi Arfer Daily,

Thank you for your wishing. I do not have any particular method for entry and exit, I only buy in my anticipation on where it may go.

In my Trade #1 case, I have thought it may go down, so I shorted it. If I'm wrong, I'll be taken out of my trade as triggered by my stop-loss order. Then I'll look for another opportunity next week.

If the trade is still around by the first day of next week, then I will wait and watch for its further action for another week.

By the way, 422 unit is a trading size of a currency that is less than a mini lot (which is 10,000 units of a currency).

Wish well for your trading too.
  • #9
  • Jul 25, 2010 8:51pm Jul 25, 2010 8:51pm
I reviewed my opened position and glad that my stop-loss order has not been hit yet. I will keep it for another week, hopefully it will turn out to be a desired trade.

Currently, I am evaluating another way to trade and may incorporate into my journal too, or contemplating to start another thread. Let's see how it may go as I am still trying it out in demo.
  • #10
  • Jul 31, 2010 3:08pm Jul 31, 2010 3:08pm
Very unfortunately, my luck did not continue because my first trade in this journal had been closed when stop-loss limit order was hit. Kind of a disappointment to me. Nonetheless, I reckon it as part & parcel of the trading business. After a loss of 2% of my original amount, it stands at a balance amount of $1364.50.

Although this is my "Snail Journal", but there is also a "hare" in me, longing for some swift success. After some consideration, I decided to keep all my trades in this journal, regardless of them as snail/tortise/hare trades.

Looking forward to another great trading week ...
  • #11
  • Aug 7, 2010 2:05am Aug 7, 2010 2:05am
This was a testing week for me, so no trades entered into this journal.
  • #12
  • Aug 7, 2010 3:17am Aug 7, 2010 3:17am
Quoting random pips
This was a testing week for me, so no trades entered into this journal.

snail might win the race....but our lifes are really less for snail move

btw i liked ur fonts how do u change them? i mean every time u have to modify or is it default?
  • #13
  • Last Post: Aug 7, 2010 1:28pm Aug 7, 2010 1:28pm
Quoting Alihuzaifa
btw i liked ur fonts how do u change them? i mean every time u have to modify or is it default?

Good day, Alihuzaifa. When wording, I choose to use "Comic Sans MS" and a text size of 2, then bold it, finally touch up with blue colour. And yes, I have to always set it whenever a new post is typed. Hope this helps.
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