Ruskie 2013

Got laid off recently and finally it gives me a chance to try my luck at trading full time

I am starting with $40,000.

I will give it a shot till the end of the year see how it goes.

Will be trading mostly forex and stocks

Goal is not to lose it all

IMHO ....I would recommend Forex and Indexes ( indexes are far more stable that stock with more than enough liquidity ) S&P, NQ, Russell, Oil, Dow mini's ..All good trading instruments.. All CME .... They will fit nicely for your size of account.. Add this to Forex and you have a very well rounded basket with plenty of opportunity.

trade well

TSD

Thanks for the reply. You are right - futures on CME might be better. I need to look at that

Trade1 - Sell Stop 40K GBP/JPY 154.87 GTC

Trade1 - Not executed yet. Cancelling the order

Trade2 - Sell Stop 40k GBP/JPY 154.87 GTC

Trade2 never got executed. Cancelling it.

Trade3 - Sell 40k AUD/USD at 9701 Stop
Trade4 - Sell 40k NZD/USD at 8051 Stop
Trade5 - Sell 40k EUR/USD at 1.2790 Stop
Trade6 - Sell 40k AUD/CHF at 9389 Stop

All Orders GTC

If any of the orders get triggered overnight, the stops are 75 pips

Trade3 executed - Sold 40K AUDUSD at 9700, stop at 9776

Trade 4,5,6 not executed yet. The stop prices changed to
Trade4 - Sell 40k NZD/USD at 8048 Stop
Trade5 - Sell 40k EUR/USD at 12792 Stop
Trade6 - Sell 40k AUD/CHF at 9390 Stop

Trade7 - Buy 40K GBP/AUD at 15668 Stop

Trade4 executed - Sold 40K NZDUSD at 8047, stop at 8123

Trade6 executed. Sold 40k of AUDCHF at 9389, stops at 9465

Trade3 - Moving Stop to 9701. If stop doesnt get hit, then profits on half - 20k at 9511

Trade3 - 40k AUDUSD stopped out at 9701
P&L = -$4

Trade4 - 40k NZDUSD stopped out at 8123
P&L = -$304

Trade7 not yet executed - Cancelled

Trade5 - Sell 40k of EURUSD, stop changed to 1.2794

Trade6 - Move stop to 9390 on AUDCHF
- Take profits on 20k at 9200 if the stop not hit

you will not make a living in US with this bet size and frequency.

Smart to start small but once profits show, need to get into agressive sizes (with profits only) . You will be nocked back couple of times or maybe not.


GL

I think 40k is too small an account size to make a decent living unless taking much higher risk.

My goal is to limit my drawdown to less than 15% and hopefully can make some profitable trades along the way.

Trade5 - Not yet executed, Sell 40k of EURUSD, stop changed to 1.2797
Trade8 - Sell 40k of GBPJPY at stop 151.69
Trade9 - Sell 40k of NZDJPY at stop 81.04

Trade6 - Stopped out of AUDCHF at 9390
P&L(Trade6) = -4CHF