I AM THE BEST SCALPER ALIVE.
Now I know you all must be like, "yea right?! what a cocky s.o.b.!"but I must say that saying those words out loud every morning before I turn on my trading station helps me get my juices flowing and keeps me motivated day in and day out. Some people get their motivation from money or to support their family or to just make extra income to retire a wee bit earlier than they hoped. But for me, I want to be the best scalper alive, and if I don't believe it how can I expect others to? So I shout it again....I AM THE BEST SCALPER ALIVE! I KNOW IT AND SOON EVERYONE WILL TOO!
I have been trading since '04 and been breaking even mostly, never had a blown account, just replenished a few. But I must say I have finally found my way that fits my monetary goals and my personality. I have been scalping the EURUSD everyday for the past few months with great results (on my small real $ account). And I am finally ready to turn my mediocre account into something great. Now I know everyone on this forum has read someone stating that they are going to turn x amount of dollars into $1,000,000,000 in 1 year but never even get close. So i started to ask myself 'why can no one accomplish this feat?' and i just figured that everyone else sucks @ trading. Now I'm not trying to hurt anyone's precious feelings but its the honest truth. They are all flawed, either in their trading strategy or their money management. But something is flawed...a lemon.
The beauty of my trading strategy is that it fits me, I used to have about 4-5 indicators on my screen from what I thought were good from this forum and just kept adjusting and tweaking my strategy to fit what happened during that trading day. My account would end up stalling every time. I would make good pips then give it back or lose pips then make it back but nothing consistent enough that I could really make a killing trading FX. So finally years later I figured that I would not be able to trading consistently by checking out new trading systems on forex factory every single day and change my trading approach every other month (usually only looking at Journals or Trade Discussions...stay away from trading systems on FF!). So I decided that scalping is what I was best at, and the reason for that is because of the countless hours I have been put in staring at price action. So i took everything off my chart and just started trading with good R:R ratios and went from there.
I don't have a specific strategy, i just tend to trade when momentum is going in my favor and I try to get out of losers as quickly as possible and let profits go. The simplest trading approach are the ones that work. No one really believes that they can beat the market unless they find some type of 'special' indicator online that no one else has and exploit it. But in reality they are the people that keep the market as liquid as it is. I need lemons in the market so that they can take the other side of my trades...probably with bad R:R.
So with that said, I am not going to publish how I trade but use this to journal my trading and keep me in the right mind set. SO don't ask 'what's your strategy?' because I don't really have one, just that i keep losses small and let profits run as much as I can. You are free to look at my charts and kind of see what I was 'seeing' when i took the trade (the charts I publish here is what I am trading off of).
I will be depositing more $ this week to have a starting balance close to $3,000 as I can and will be trading with decent lot sizes...check chart below. I will be posting charts of how I am trading at the moment with just $1.50/pip till my deposit gets to my Oanda Account.
Money Management:
http://www.forexfactory.com/[IMG...om/1427kll.jpghttp://tinypic.com/r/1427kll/7http://i51.tinypic.com/1427kll.jpg
My Trading Rules:
1. Get out of losses quickly!
2. Let profits run.
3. Never add to a losing position.
4. Only add to a winning position.
5. Trade with price momentum.
6. Stay disciplined.
7. Keep it simple.
8. Be the Best!
.................................
5/19/2011: $3,000.00 (DEPOSIT)
5/20/2011: $3,004.50 (+$4.50)
.................................
Now I know you all must be like, "yea right?! what a cocky s.o.b.!"but I must say that saying those words out loud every morning before I turn on my trading station helps me get my juices flowing and keeps me motivated day in and day out. Some people get their motivation from money or to support their family or to just make extra income to retire a wee bit earlier than they hoped. But for me, I want to be the best scalper alive, and if I don't believe it how can I expect others to? So I shout it again....I AM THE BEST SCALPER ALIVE! I KNOW IT AND SOON EVERYONE WILL TOO!
I have been trading since '04 and been breaking even mostly, never had a blown account, just replenished a few. But I must say I have finally found my way that fits my monetary goals and my personality. I have been scalping the EURUSD everyday for the past few months with great results (on my small real $ account). And I am finally ready to turn my mediocre account into something great. Now I know everyone on this forum has read someone stating that they are going to turn x amount of dollars into $1,000,000,000 in 1 year but never even get close. So i started to ask myself 'why can no one accomplish this feat?' and i just figured that everyone else sucks @ trading. Now I'm not trying to hurt anyone's precious feelings but its the honest truth. They are all flawed, either in their trading strategy or their money management. But something is flawed...a lemon.
The beauty of my trading strategy is that it fits me, I used to have about 4-5 indicators on my screen from what I thought were good from this forum and just kept adjusting and tweaking my strategy to fit what happened during that trading day. My account would end up stalling every time. I would make good pips then give it back or lose pips then make it back but nothing consistent enough that I could really make a killing trading FX. So finally years later I figured that I would not be able to trading consistently by checking out new trading systems on forex factory every single day and change my trading approach every other month (usually only looking at Journals or Trade Discussions...stay away from trading systems on FF!). So I decided that scalping is what I was best at, and the reason for that is because of the countless hours I have been put in staring at price action. So i took everything off my chart and just started trading with good R:R ratios and went from there.
I don't have a specific strategy, i just tend to trade when momentum is going in my favor and I try to get out of losers as quickly as possible and let profits go. The simplest trading approach are the ones that work. No one really believes that they can beat the market unless they find some type of 'special' indicator online that no one else has and exploit it. But in reality they are the people that keep the market as liquid as it is. I need lemons in the market so that they can take the other side of my trades...probably with bad R:R.
So with that said, I am not going to publish how I trade but use this to journal my trading and keep me in the right mind set. SO don't ask 'what's your strategy?' because I don't really have one, just that i keep losses small and let profits run as much as I can. You are free to look at my charts and kind of see what I was 'seeing' when i took the trade (the charts I publish here is what I am trading off of).
I will be depositing more $ this week to have a starting balance close to $3,000 as I can and will be trading with decent lot sizes...check chart below. I will be posting charts of how I am trading at the moment with just $1.50/pip till my deposit gets to my Oanda Account.
Money Management:
http://www.forexfactory.com/[IMG...om/1427kll.jpghttp://tinypic.com/r/1427kll/7http://i51.tinypic.com/1427kll.jpg
My Trading Rules:
1. Get out of losses quickly!
2. Let profits run.
3. Never add to a losing position.
4. Only add to a winning position.
5. Trade with price momentum.
6. Stay disciplined.
7. Keep it simple.
8. Be the Best!
.................................
5/19/2011: $3,000.00 (DEPOSIT)
5/20/2011: $3,004.50 (+$4.50)
.................................