Hello everyone,
I figure I need to start implementing a journal for my trading. I tend to get a little chaotic in my trading so I need to record myself and be disciplined and I figure this may help.
I am an intermediate trader with three years experience not neccessarily good experience. I am not full time. I have just broke even for the year and I feel I am getting better. This Journal will hopefully solidify that.
I Am just starting out with supply and demand levels coupled with FIBs and Pivots. I also run a couple of EAS which have proven profitable. One is commercial so I wont discuss that too much but I know the creator. the other two are personal creations of mine I had either made or tweaked to perform better. While the EAS run on one account I will manually trade on the other.
MY goal is NOT TO LOSE MONEY! I dont think having a daily percentage or pip value is helpful. It forces you to take bad trades if the market sucks and stop when the market heats up. This is to help me develop a trading plan. I use a lot of limit orders in my manual trading so use them at your own risk.
I whittled down to seven or eight pairs for now and may whittle it down further if I get confused until I master Supply and demand. Looking at too many charts without enough screens can create confusion especially if starting out with a new method. My goal is to have enough funds to buy a new or good used trading station by the end of the year.
The next goal would be to go full time six months after that.
Wish me luck
I figure I need to start implementing a journal for my trading. I tend to get a little chaotic in my trading so I need to record myself and be disciplined and I figure this may help.
I am an intermediate trader with three years experience not neccessarily good experience. I am not full time. I have just broke even for the year and I feel I am getting better. This Journal will hopefully solidify that.
I Am just starting out with supply and demand levels coupled with FIBs and Pivots. I also run a couple of EAS which have proven profitable. One is commercial so I wont discuss that too much but I know the creator. the other two are personal creations of mine I had either made or tweaked to perform better. While the EAS run on one account I will manually trade on the other.
MY goal is NOT TO LOSE MONEY! I dont think having a daily percentage or pip value is helpful. It forces you to take bad trades if the market sucks and stop when the market heats up. This is to help me develop a trading plan. I use a lot of limit orders in my manual trading so use them at your own risk.
I whittled down to seven or eight pairs for now and may whittle it down further if I get confused until I master Supply and demand. Looking at too many charts without enough screens can create confusion especially if starting out with a new method. My goal is to have enough funds to buy a new or good used trading station by the end of the year.
The next goal would be to go full time six months after that.
Wish me luck