Easiest way to lose 150 bucks

good luck man, see you in the "trading arena"

After the first week, both accounts in negative, second account a lot more down (over 5 %). hmmm, i promised myself i put the trade in with a fixed tp and a fixed sl and I won't touch it.......I am so tempted to raise the lots traded on the trades that are type A trades (trades where i have the most confidence, ) in order to bring the account back to positive.

My mind tells me its normal to be negative after only 20 trades, even a coin toss has a deviation in the short time, long time gets closer to 50%, short time can do anything.... my view should be on the LOOOONG run, however my emotional heart yells at me - DO SOMETHING ABOUT IT NOW!!

So I did, i attached the explorers here so maybe it will control my emotions in the future better knowing maybe somebody else is watching too, forcing me to behave.

My interventions were successful, I entered a few trades risking 2% to 4% on my prime type A trades, account positive, My heart calmed down, waiting for tomorrow Friday the week to close see how this week ends. All my trades back to risking 1% for 1% lot traded 0.01 (10 cents a pip), everything and everybody calm and relaxed.



The reason I got a little emotional, its not that I will lose 5 dollars, its just that if I prove to myself I have an edge trading forex, then I KNOW I will be rich. My expectation are very low, if I am positive every month I am happy, if I have more than 5 % every month, then no doubt, gonna get that loan of 100k and have 5000 dollars profits a month (that's 5% from that 100k, for people that are not good at math).



So, if I make 5 % CONSISTENTLY every month, I can retire on forex, gonna take my laptop on the beach in Bahamas under a palm tree relaxing with a drink in the other hand. But at this point I am happy with anything positive at all, andthat 100k wont be invested in forex, unless I have - you guessed it -AN EDGE!!!

this could be me one year from now,

but this is me NOW, bored, waiting for a chance to place my trades on eur/usd again...

well come back and join the crowd buddy..

such a great welcome back!!!

Good to see you trying again. Trade explorer going in the right direction. Let's turn those micro accounts into something worthwhile

it looks like Friday is a bad day to trade for my accounts...., not sure if I should close all the trades Fridays, to start new week fresh, or even trade at all Fridays....

At the end at every week I will recapitulate what went wrong and where it went wrong, so I can improve my trades.

There is actually something that bothers me, when people say they risk 1% of their accounts, is that from the total amount account or from the total margin of the account? I got to research that a little bit, cause I place my trades with 15 pairs, and each pair 1% that would be 15 % risk if all trades go to the stop loss in the same time. (I know its not likely, or maybe not even possible but this question bothers me a little bit since my first unlisted rule - capital preservation, or don't bust all your money- is the most important rule I have) .

WEEK 2

testing_edge_1_______________ 8.2%_________$41

broke my rules by risking more than 1% at the beginning of the week, when balance was in negative for a trade or two, but most of the time trading 15 pairs with 1% risk each, 50 pips at a time. This week I had mostly wins, hope this will continue forever. My computer has to be on 24/7 because I am using some type of EA that closes and open the trades, and because my computer was off for a few hours , take profit of one of the trades went way over 100 pips.

WEEK 2

testing_edge_2_______________ 5.3%_________$24

I know, I know, stop pointing it out to me that this account its in negative amount per total 3.1%, that's 16 dollars down the drain, however, the week was positive 5.3%.

Everything was good until Thursday, I was all smiles however last 4 or 5 trades went bad for me Friday.... bad, bad Friday since all trades turned sour...



I really thought this account testing_edge_2 will be a lot more stable than the first account testing_edge_1, since its practically same strategy but based on a longer back test period looks like I was wrong on my presumptions, but we are only at the beginning, too early to tell anything, only 2 weeks old so lets see what happens next weeks.

Yeah, something worthwhile I want, however keep in mind I care about percentage and not amounts as money at this point, since my intention is to show CONSISTENCY and STEADY GROWTH in the long run.

Because whatever I apply to this $500 account can be applied to a huge $100,000 account as well.

If I succeed showing that I can make gains here on this micro account, I have confidence to increase my capital, hence - making a lot more big

I wish you good luck

However take into consideration is not the same 500$ account and a 100,000$ account psicologically speaking...

Imaging trading 10 lots and how a pip increase/decrease 100$ your PnL... Is not that easy to calm down and look elsewhere...

Good luck buddy!

Exactly, you are right, that is why you don't trade a big account unless you have confidence your system is working.

Try your system on demo or in my case, small live accounts since it feels so real, if its proving to have an edge add to your capital to start making real profits.

Middle of the week here, Wednesday night, my accounts are both positive all time high, good half of week so far,
with the day of today

5.6% increase edge_1 opened 16 days ago 154 trades
5.1% increase on account edge_2 opened 16 days ago 53 trades

it is remarkable to me that this accounts are positive since each are risking 1% each trade, with fix stop loss 40pips and take profit 50 pips and they are still in positive after more than 200 trades which paid in spread alone almost 500 pips

lucky wining strike or something more?

We shalll see....

So far so good.

testing_edge_1_______________ 4.9%_________$27


this account kept making gains, this week was a good week again and brought the total account to:



total trades so far --------- 171 trades
risk/reward 0.9/1 ---------40 pips/50pips or 0.9%/1%
Pips won so far -----------------523pips
win rate--------------------------50.3%
spread paid so far---------------513 pips

So what I learned from this? If I intend to go risk/reward 1/1 on my trades, better to add a few pips to the take profit, that way even if the winrate stays at 50% I still win pips.

testing_edge_2_______________ 0.6%_________$3


For the second week account number 2 behind account number 1 and that is a surprise for me, was expecting total opposite, it ended up however on a tiny small gain since last week, so the direction is good brought the total account to:



total trades so far --------- 102 trades
risk/reward 0.9/1 ---------40 pips/50pips or 0.9%/1%
Pips won so far ----------------- -541pips
win rate--------------------------38.2%
spread paid so far---------------306 pips

This account is growing, but still in negative 2%, since opening.

WEEK 4

testing_edge_1_______________ -4.9%_________$27


total trades so far --------- 229 trades
risk/reward 0.9/1 ---------40 pips/50pips or 0.9%/1%
Pips won so far -----------------384pips
win rate--------------------------50.3%
spread paid so far---------------690 pips

Losing week, lost profit from previous week, however that's not because of my strategy, its because by mistake my EA opened a trade with a lot of 0.05 losing 20 dolars on a trade alone (4% from my account), then a black swan losing streak of eight nine in a row, then I tried to apply some kind of martingale to recover very quickly, and made the situation worse before it became better. All this together made me almost lose all monthly profit from this account, but eventually recovered, and managed to lose only the profit from last week alone.

Per total however My account testing edge_1 has a profit at 10% (52 dollars)

WEEK 4

testing_edge_2_______________ 9%_________$91

total trades so far --------- 128 trades
risk/reward 0.9/1 ---------40 pips/50pips or 0.9%/1%
Pips won so far -----------------53pips
win rate--------------------------40%
spread paid so far---------------360 pips

Great week for testing_edge_2, made 9%, and finally went ahead of the first account as I was expected. Issues with my computer, my EA opened a trade with a 0.12 lot size making 10 % profit on a single trade. it was just luck, the trade could've got the opposite side as well. My computer is fixed now, hopfully no more problems.




Per total My account testing edge_2 has a profit at 7% (83 dollars)

I will be honest with you... I am bored.. Trading forex this way is boring... All I do make sure my computer on all the time and my robots trade for me, 5 dollars (1% of $500) at a time, but there is nothing for me to be excited of...

The winnings after a month ( four weeks) are

edge_1 = $52 (10%)
edge_2 = $83 (17%)

there is nothing exciting about this amounts, percentage wining are awesome, but the actual amounts are sooooo tiny...

So based on the percentage won, I am confident next month will be the same or better, I am making a deposit of $500 doubling each account. Starting next week I am going to risk 2% per trade, doubling lot size as well.

If next month will go as previous month, based on the changes that I just made of doubling my account deposit to $1000 and risking 2% instead of 1% I should win four times as much as I did this month, so I predict my accounts wining amount of edge_1 = $208 and edge_2 = $332 which together 540$ is pretty nice for a month of doing nothing and a lot more exciting than this month winnings of $135

Let's see if I will be right or not.