Hello, I’m 23 years old and I’ve 4 years experience in Forex trading. My goal is to manage big pool of money/work in/make a hedge fund. The reason why I’m making this journal is because it would be a tryout for myself. I’ve started trading with a $6,000 Live account. I do know that $6,000 is too small and for a mini account it might not survive in this Forex jungle therefore, I have a set of rules in mind, and will be risking less than 6% <--(Still too much but it is my personal account) per trade and most of my trade’s P/L ratio would be 2:1. Most of my trades will be based on personal experience. One thing to keep in mind is that I have no emotions in this market, I trust in what I do and stick to them. I will be posting my live statements at the end of each week or mid of week. My projected profit % per month is around 5-10%, It is because I will have losing trades and winning trades and if combined it should add up to 5-10% net profit. If my statement went downhill and lose around 40% of my account then it will show that I don’t have enough experience to be trading live in this market, and will stop what I’m doing immediately. So my overall max loss is 40%. ($2,400). If you have any questions or would like to talk to me in private you can MSG me, this thread will be disabled for comments. I will attach my first statement shortly.
- #3
- May 20, 2009 3:53pm May 20, 2009 3:53pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
welldone...i wish u plenty of success and will keep up with yur journey 
good trading man!
sorry u can delete this comment...i didnt read the first bit properly
good trading man!
sorry u can delete this comment...i didnt read the first bit properly
- #4
- May 20, 2009 4:07pm May 20, 2009 4:07pm
welldone...i wish u plenty of success and will keep up with yur journey
good trading man!
sorry u can delete this comment...i didnt read the first bit properly
your more then welcome to post on my thread any time
- #9
- May 28, 2009 9:38pm May 28, 2009 9:38pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Here is my latest statement for today this might be my last statement for this month total gain is 12%, I don't believe I've made any major mistakes in trading, my r/r ratio is still in good shape, consecutive losses are 5 trades -$375.90 consecutive wins are 14 trades +$1,293.12, my maximum loss in 1 trade was $110 and maximum profit in 1 trade was $237, so far so good, could have been better, still no emotions involved, (no greed,revenge,sadness...) It's just too bad my equity is too low... only if I had $50k :-( because obviously...
good work paul
- #10
- May 29, 2009 4:17am May 29, 2009 4:17am
keep it up, no emotion is good, very impressive carry on like this and in no time u will have 50k compounded...
good work paul
- #14
- Edited 2:25pm Jun 10, 2009 1:55pm | Edited 2:25pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
here is my latest statement lately i've been working full time never got a chance to trade much, trying to gather 50k to trade full time, because this account wont pay my bills :-( i had some losing trades because i was on the plane, so never got a chance to close with profit, I'm going to be inactive for a little bit, I will trade time to time but my account won't grow as fast as it used to. Soon hopefully I'll trade full time because this is what I want to do.
its good to see
