Pippington's Penthouse

I finally got the time to start a trading journal for me to keep track of my trades and be accountable. Trading can be a very lonely business so my hope is people will swing by my thread and that will keep me engaged on this road call Forex.

I decided to name my journal Pippington's Penthouse because one day my trading profits will give me exactly that. I don't hope for it to happen, I know it will happen. I believe that in order to succeed in anything in life you truly have to believe and visualize it happening before it actually will happen.

Although this is not in the trading system, I will give a brief description on how I trade. I use the 5 minute chart for my entry and stop loss. I like to follow the direction of the 5, 15 and 30 minute stochastics. I feel this keeps me on the right side of the market for majority of my trades. I don't expect to win every trade but I don't expect to lose every trade either. This is strictly being done on a demo account for right now as I want to truly master how I trade before I get back into live trading. As of right now I'm testing with risking 5% per trade. I know that's higher than the traditional 2% per trade but I believe in being the flow rather than going with it.

I will try and post at least once per day to share my trading results from that day. Worse case scenario it will be every other day.

I've attached the trading results for today.

I didn't take any trades yesterday due to the holiday in the US.

Hi Pippington,

It's okay risking 5% or even 10% of account if you want the rewards that go with it but I can't believe that you think you are the flow while trading demo.

Anyway good look with your trading hoping to see you soon on live.

Thanks for the support. I want to turn this $100 demo account into $1k and then I will begin live trading and be more of the flow at that point.

I've attached the trading results for today.

I've attached the trading results for today. Going forward I will attach my pdf that shows all of my trades. The most recent trades will be on top so it should be easy to see my results for each day.

Good luck dude - you should make a myfxbook account and just link it, way easier and the stats on it are useful for self evaluation.

Thanks. I have a myfxbook account but it does not display the proper information because my demo account started with $100k but I took it down to $100. So the stats display based off $100k and not what I actually started trading with. Plus I'm a hands on person so it does not bother me to attach the pdf. I appreciate the support and luck.