Hi Everyone!
What I brought to the game:
- Working in insurance for 6 years...
- Diploma in business administration...
- Family background in trading...
- Analitical mind (to a certain extend)...
- Affinity to the good amount of risk...
- Discipline (Icehockey player for 3/4 of my life)...
...one should think I am aware what risk is and how I can make money out of it...
What happened:
1) Opened Demo with 1k (September 14)
2) Doubled it with only luck (December 14)
3) Opened Live with 1k (January 15)
4) Made 20% in a month with exclusively Fib's (March 15)
5) Stack to 9k (March 15)
6) Made 30% with Fib's and PA (June 15)
7) Lost 98.6% within 2.5 hours (6. June 15)... mostly due to revenge trades in zig zag formation...
... does not seem like I could do anything right...
I then started from scratch and built my own trading system which is a big mixture of:
- PA (Nial Fuller, FXJake, Forex Guy and so on...)
- Fibs (manual)
- Bollingers (standard)
- EMA's (8,21,55,100,200)
- S/R's (manual)
- Trendlines (manual)
Additionally I "scripted" a huge multi tab trading journal which analyses all my trades and gives me information in various graphs and statistics. (I will show some printscreens later). Some tabs are filled with the rules for my system which I follow as it is written in stone.
I started trading again in September 15 with a refunded account of about 10k...
Will finish 2015 with a slight deficit of some % but I am looking forward to 2016 with the best feeling about my trading approach I have ever had.
Hope everyone who is following my future post could help me refining my rules and my general FX skills.
What I brought to the game:
- Working in insurance for 6 years...
- Diploma in business administration...
- Family background in trading...
- Analitical mind (to a certain extend)...
- Affinity to the good amount of risk...
- Discipline (Icehockey player for 3/4 of my life)...
...one should think I am aware what risk is and how I can make money out of it...
What happened:
1) Opened Demo with 1k (September 14)
2) Doubled it with only luck (December 14)
3) Opened Live with 1k (January 15)
4) Made 20% in a month with exclusively Fib's (March 15)
5) Stack to 9k (March 15)
6) Made 30% with Fib's and PA (June 15)
7) Lost 98.6% within 2.5 hours (6. June 15)... mostly due to revenge trades in zig zag formation...
... does not seem like I could do anything right...
I then started from scratch and built my own trading system which is a big mixture of:
- PA (Nial Fuller, FXJake, Forex Guy and so on...)
- Fibs (manual)
- Bollingers (standard)
- EMA's (8,21,55,100,200)
- S/R's (manual)
- Trendlines (manual)
Additionally I "scripted" a huge multi tab trading journal which analyses all my trades and gives me information in various graphs and statistics. (I will show some printscreens later). Some tabs are filled with the rules for my system which I follow as it is written in stone.
I started trading again in September 15 with a refunded account of about 10k...
Will finish 2015 with a slight deficit of some % but I am looking forward to 2016 with the best feeling about my trading approach I have ever had.
Hope everyone who is following my future post could help me refining my rules and my general FX skills.
Insanity: doing the same over and over again & expecting different results!
on our journey
