Knofl trading journal

Hi,
First of all, I'd like to introduce. My name is George I'm 19 and I live in Prague (it's capital city of Czech Republic). I have been started with trading 2-3 month ago. I found a personal mentor who teaching me how to understand the markets. This week I make my first deposit and do my first trade.

There are some reason why I start writing this blog. You've probably noticed that my English is not good and this is my first reason: I'd to improve my english. English isn't my native language. I have a specific trading system based on looking for interesting situation at 1-4H chart and make entry from 1-5M. It offers me a minimum stoploss and sometimes profit with RRR like 1:20-1:30. But it has some drawbacks, such as about 80% trade ended BE and few loss. It is agressive bankroll defending system. Sometimes it is very demanding on the psyche, becouse you can wait for the winning trade few days. The last reason is I wanted to write something where I can check my results, share your feelings, etc.

I would be happy if this blog interesting for my customers, so I decided to write a long-term and short-term goals from the trading world but also in real life. When I say long-term I mean weeks, months, maybe years. But in short-term goals I'll write goals for the following days and weeks.

My 1st long-term goal: Becouse yesterday I'll started my last year at secundary technical school (It's a high school in england) and at the end of this year I'll do a maturita exam I'd to this time earning so much money with trading, that I'll finish this exam, I can not finding a job.

1st short-term goal: Good start in the new academic year, that I have a calm head to trading.
2nd short-term goal: Trade conscientiously. Make only trade, what filfull every of my conditions of entry. Don't panic.
3th short-term goal: Write something to this blog few times a week.

I hope you will enjoy this blog.
See you later

Welcome Knofl!

Hi,
I'd to show you one of my trade from today what ended at breakeven. At the left, you can see H1 resistent, where I looking for some action. At the right I had a entry to long with SL about 7 pips. There was potential to next H1 resist about 90pips, its more then RRR 1:12.


When the candle which took me close, I move my stoploss under this candle. When next candle close I move SL to BE... Yes, I'm BE after 2 minutes. It's a reason why I ending BE in 80% cases. This is a technique how I aggressively defending my bankroll. For the next time, I call this: ''Moment entry'' (I'm not sure if this correct translate)

eurjpy 1m 4.9.ff.jpg

Results of the previous week.
1st goal - I'm not sure if I can do this quest becouse I'm so long in school. I can trade only in the afternoon and this isn't good for my trading technique. But as I said, I looking for only great entry. Result of the last week is 4 BE and 1 little loss = -1% account isn't bad start to my trading career at live accout (When I consider a situation in Syria). I think School starded quiet well, we'll see how I write first tests..

2nd goal - Yes, I am quite satisfied But some trade I can manage better.

3rd goal - I was hoping to write this summary on Sunday, I failed. I have to fix that!

Last week I didn't give some short-term goals, so now I will write a short summary.

School starts slowly, but we get first quests and homeworks. As annual project I chose a design company building. I hope it does not fall

But so far I can't combine school and trading. I return home in the afternoon and it isn't great time for my system. I thinking about change my technique to short position trade (I mean about 2-3 days) with a same entry conditions but with bigger stoploss. I don't know how it work, I must try it but I think its possible to use.

Last week I had a trades with I'm not satisfied. I think I was a little panicked that I haven't a profitable trade for a long time. Result of last week is -4% account. The great trades I missed. Unfortunately.

I'll have only one goal for the following week. Trade responsibly. Maybe I'll try a new technique that I mentioned.

Have a good time.

Very good journal, Knofl.
I sympathies with you, I also have to work around school with trading.
I'm glad too see you pin pointing entries.
Zooming in to a smaller time frame from guidance of the higher time frames to make razor sharp entries yields some of the best R:R.

Good Luck!

Trade responsibly - This is only goal for this weak and I can say: ''I filed''. Last weak I make more entries then in the two previous. Results = -8% account.
I'm a little disappointed because I wanted to show another trading method and I have failed yet. I know it's only three weeks since I trade real and losses could delete one good trade. It stars to be frustrating, I would like some great profits what I could show you, but I haven't it.

School starts corrupt. This week I'll write four tests and I will handover the project. I have a lot of work at home which will distract me from trading. We'll see how it goes. Maybe we will focus on positional trades with bigger SL and smaller position. Another possibility is I'll define the time that I will trade and content myself with profit about 20pips. But this method is better in the morning but I'm in school in this time (stupid school slows down my progress)

To JakeB: Thanks for your support!

See you later guys.

Hi everyone,
I'd to write more about last week and post some screenshot but time pushing me and I need learn to school for tests. Maybe I can do that in a week.

In brief: Last week was quite good. It was my first profitable week since I trade real. My acc grow up +6%. I had two profitable trades with RRR about 1:6. I still don't respect my bankroll managment very well. Now I risk only about 0.5% per trade and it is smaller then in my trading plan is possible risk about 2%. When I risk all 2% what I can risk, I'd make more than 20% acc of week. But first of all I want get used to real trading.

It is quick news from the past week.
Regards

Good luck with the trading dude and nice journal