New traders and failing traders always wonder if they are other retail traders making money in the markets. The 95% fail rate always scare people away from trading. What makes other traders successful whilst some traders are having a tough time in the markets? Successful traders talk about being disciplined, being well capitalised, having the right mental attitude and robust money management technics.
I have decided to start a thread that emulate a thread on elite trader website, where traders show their daily, weekly or monthly P/L blotters...the thread has been going strong for more than 5yrs, with a new thread started every year.
This thread will help to show struggling traders and new traders that they are retail traders out there making mny in the markets...maybe some experienced traders will share their success stories to encourage other struggling traders. For those traders who always say they make xxx% per day or per year, this is the chance for you to put your mny where your mouth is...WALK THE WALK.
As for me, I will start this year with a capital of $100k and will be showing my weekly performance statement.
So to all the traders who say they are successful traders, lets WALK THE WALK.
Weekly Results
Week ending 19/08/2011 = +50 pips
Week ending 26/08/2011 = -330 pips
Week ending 02/09/2011 = +1.520 pips...pending results on locked profits (+60 pips)
Week ending 09/09/2011 = +1.900 pips...pending results on locked profits (1.110 pips)
Week ending 16/09/2011 = +2.880 pips
Week ending 23/09/2011 = 0 pips Choppy markets ...no trades this week
Week ending 30/09/2011 = 0 pips ...no trades, markets still ranging
Total ( +6.020 pips )
I have decided to start a thread that emulate a thread on elite trader website, where traders show their daily, weekly or monthly P/L blotters...the thread has been going strong for more than 5yrs, with a new thread started every year.
This thread will help to show struggling traders and new traders that they are retail traders out there making mny in the markets...maybe some experienced traders will share their success stories to encourage other struggling traders. For those traders who always say they make xxx% per day or per year, this is the chance for you to put your mny where your mouth is...WALK THE WALK.
As for me, I will start this year with a capital of $100k and will be showing my weekly performance statement.
So to all the traders who say they are successful traders, lets WALK THE WALK.
Weekly Results
Week ending 19/08/2011 = +50 pips
Week ending 26/08/2011 = -330 pips
Week ending 02/09/2011 = +1.520 pips...pending results on locked profits (+60 pips)
Week ending 09/09/2011 = +1.900 pips...pending results on locked profits (1.110 pips)
Week ending 16/09/2011 = +2.880 pips
Week ending 23/09/2011 = 0 pips Choppy markets ...no trades this week
Week ending 30/09/2011 = 0 pips ...no trades, markets still ranging
Total ( +6.020 pips )
