Well done ! i like the way you recover after big losses, just work on how to lose and you'll be just fine
Keep it up mate .
Keep it up mate .
Another Day, Another Chair, Another Day in the Office 198 replies
from $300 to $1mln using M1 timeframe - another online hero 60 replies
Hero for the coming week 109 replies
Zero to Hero - £250 to £2500 in one week 7 replies
Dislikedmsiamd,
It's an interesting thread you got going on here. Congratulations on the results so far!...Ignored
DislikedThanks for your support, and if somebody knows a good book about physcological and trading, just let me know. (For now i will read "Trading in the zone" again)
RegardsIgnored
DislikedHello All,
My goal for this journal is to prove to myself and others if it is possible for someone to start with $100 and try to reach $10.000 in about 60 days of trading.This would mean a daily profit of 8% a day.
The question is, is it possible? Answer, i don't know. (So far i did not achieved it).....Ignored
DislikedYou don't need a book. You need to start using hard stops and leave them as they are (not revising them downwards in a long position as the price drops). You might also do well to look into trading other currency pairs, I would suggest EURUSD as it's the most liquid. In my experience fiber is also easier to trade than cable (EURUSD=fiber) as it has far less wild gyrations. This means that you can use tighter stops and potentially bigger lots.
The one mistake I see you making is expecting too much. I've made this mistake myself countless times and...Ignored
DislikedHello msiamd,
what do u get from others if ever u are able to prove that u can hit $10,000 in 2months?
i believe u now know the answer to this Question:
it is possible but improbable, specially when one is inexperienced/less experienced.
Sir bug is correct, u dont need a book.
one can learn &/or succeed with/without a book.
imho, here are stuff u have to do:
-continue your journal but put aside/de-prioritize the '60-day' challenge
-treat trading as a serious business or sport where u aim for consistency & excellence; for you, this...Ignored
DislikedRegarding the stoploss, it is probably wise too use it. But my problem is to determine the stoploss. Because Cable can move up and down quite some pips i dont want to set my stop too tight so that i will get stopped out everytime.
Maybe Fiber is a good option to trade but the method i was teached fits better on cable.
My first goal is to practice a lot more to become more consistent in my trades and profit. And try to change my emotional feelings when i'm wrong.
RegardsIgnored