I'll try to maintain this thread as best I can. Hopefully with your input it can survive. My story is an unusual one.
I have traded for many years in many different ways and have been a member of Forex Factory, (FF), for a long time. Mostly I read rather than participate. a few abandoned threads are surely stored in FF's archives.
I decided a couple of years ago to sail the world. Of course, this begins with a dream to do so. Then a plan has to be made as to how this can be a possible reality. And of course with that comes the finances. Well, we managed over many years to build enough capital to pay us enough to do this. But it's marginal. So can trading supplement this?
First, here is how you can follow our journey:
Our website, www.sailingdeusa.com or on facebook sailingDEUSA
facebook is far more up to date at time of writing due to the work load. I'm responsible for the website!
So after working full-time refitting the boat, a total overhaul, for about 15 months she was trucked from 1300 meters above sea level and a distance of around 700 kilometers, to the coastal town of Richards Bay, South Africa. Here we had to take a break. Six days a week work with no income and expenses that only boat owners understand made us rent a cottage for a month while we ready her for the water. I haven't been able to trade during this intense time and I wanted to use part of this month to get back to this. So here I am starting again. But this is not trading as a hobby or just for fun or to see if I find the holy grail. This is now trading for the purpose of income.
I thought this might interest some and I thought I could run a journal here. Perhaps others could benefit and advise.
So I have two elements. A plan and a method.
I'll build this thread as I go, I think, as there are days which I need to dedicate to the boat and days which I'll dedicate to trading.
To begin; the trade plan. I think that is the really important part. Can I make $10 from $100? Yes! I have done that so many times. That's 10%
So if i do this and compound it and raise my lots as neccessary to keep this achievement going while keeping risk as low as possible then how long would it take me to turn the $100 into $10000 with a 10% win each day? Answer turns out to be 50 days. So the first 5 days were absolutely perfect and then on day 6 I hit a miss and things went for a ball. Here's a snip of my plan:
I have traded for many years in many different ways and have been a member of Forex Factory, (FF), for a long time. Mostly I read rather than participate. a few abandoned threads are surely stored in FF's archives.
I decided a couple of years ago to sail the world. Of course, this begins with a dream to do so. Then a plan has to be made as to how this can be a possible reality. And of course with that comes the finances. Well, we managed over many years to build enough capital to pay us enough to do this. But it's marginal. So can trading supplement this?
First, here is how you can follow our journey:
Our website, www.sailingdeusa.com or on facebook sailingDEUSA
facebook is far more up to date at time of writing due to the work load. I'm responsible for the website!
So after working full-time refitting the boat, a total overhaul, for about 15 months she was trucked from 1300 meters above sea level and a distance of around 700 kilometers, to the coastal town of Richards Bay, South Africa. Here we had to take a break. Six days a week work with no income and expenses that only boat owners understand made us rent a cottage for a month while we ready her for the water. I haven't been able to trade during this intense time and I wanted to use part of this month to get back to this. So here I am starting again. But this is not trading as a hobby or just for fun or to see if I find the holy grail. This is now trading for the purpose of income.
I thought this might interest some and I thought I could run a journal here. Perhaps others could benefit and advise.
So I have two elements. A plan and a method.
I'll build this thread as I go, I think, as there are days which I need to dedicate to the boat and days which I'll dedicate to trading.
To begin; the trade plan. I think that is the really important part. Can I make $10 from $100? Yes! I have done that so many times. That's 10%
So if i do this and compound it and raise my lots as neccessary to keep this achievement going while keeping risk as low as possible then how long would it take me to turn the $100 into $10000 with a 10% win each day? Answer turns out to be 50 days. So the first 5 days were absolutely perfect and then on day 6 I hit a miss and things went for a ball. Here's a snip of my plan: