rags to more rags.. and even more rags!

Starting a journal to log myself.

been trying to trade as simple and straightforward as possible... it has not been easy to do that however.

goal is to not to go from rags to more rags... it has not been easy to do that either, so far.

this journal may shed some light on ways to stop collecting rags.

ok. where do i go from here...

basic idea.
1. buy low.
2. sell high.
3. exit if 1 or 2 is not working out.

bought eurousd. 1.3524.
let me see how high it goes.

wish you the best :nerd:

Thank you!

eurusd isn't moving much yet.
bought nzdusd. 0.8679.
slightly concerned about RBA event.. maybe i should put a stop on this one..

ouch.
nzdusd out with 20 p loss.
eurusd holding with 60 p loss.

did not exit when both trades were not working out.
ok. have to put stops somewhere.

more on idea.
1. buy low.
2. sell high.
3. set stop somewhere.
4. exit if 1 or 2 is not working out.

hmm.. can't decide whether to hold it for retrace or exit.
it's not working out so it should be closed.. should have been closed already.
arrg.. more rags..

It's still alive!
nice.

usdjpy worked out. bought low, sold high.. not that high but still good.
where is usdjpy going...

so uj was going down.. gone far down. now what.

wrong Plan
1. buy low High.
2. sell higher.
3. set stop somewhere few pips from Previous High/Low.

no exit plan?

dudley.. wondered what was up with usd.
it would be so much fun if fed hikes again next meeting. fireworks~

ahh.. the end of the week. no friday trading with big news. not a bad week with 5% gain.. a good week actually.

Love the title to this thread.

All the best to you!

Thank you!

I see that you're working full time and trading.. and successful!

Best of luck to you!

End of the week. Crazy friday trading.. stacked on too many uc longs for no good reason other than 30m engulfing thinking that was low point. that should not happen again. there were better options, eu and uj but for some reason i didn't trade those even though i knew they were topping off and bottoming out.. what was that all about...
lucky me, got a break and trades turned around. a very nice week with 10% gain. lucky week.

Another week has begun. Forgot to write about last week. I am still trading wrong pairs at the wrong time but I don't have the luxury of monitoring screen all day so I have to pick the best one when I get a chance to trade. Problem for past two weeks had been my fear of trading eu and uj, even though it was fairly obvious which way they were moving. I guess I have to take more chances. At least it wasn't a losing week. Somehow managed to get about 3%. Another week and another chance.

Already end of thursday but haven't made a trade this week.. I must be out of synch or something, can't open a trade for anything... very frustrating week so far.

ok. forced trading is bad. i did make something selling nu and au on friday but bought some uc for no other reason than stupidity and holding the bag.. still. that was not supposed to happen. even worse, i got greedy and didn't close with small profit when i had chance. probably some feeling of vengeance for the stress it has caused. i just have to close the positions but can't.. some strange entanglement.
Last week was frustrating because I couldn't pull the trigger.. some kind of fear that i still can't figure out where it came from. strange.
A new week already begun. I have to reset myself and be patient.. and stop being greedy.