Money are not important for me at this point of time. I'm blessed with a job that was fantastic. For the sake of experience and a common sense, here's a projection of the account expansion for October.
This week was pretty active in existence... still attempted trading here and there - lost a little.
Lessons learnt:
1. Read your rules every morning.
2. Don't trade under stress from the real world (job or other matters).
3. Need to wake up early (5am) to trade part of London session. Need to go to sleep.
Account is 133.47 on Oct..3
Well... after dropping my account for $111, I finally had my first solid profitable week. Eventually a break through... yey! Made 90 pips in last week, thus now it's $120 (10c/pip).
To get here I had to learn these classes (memorize and read ):
1. Do not attempt to serve two masters.
Never exchange and do anything else, like playing poker or watching a movie.
It's better to spend 3-4 hours per day COMPLETELY in Foreign Exchange, than 8-10 hrs doing Foreign Exchange along with a few additional stuff.
2. I started going to bed before midnigh.
3. I go to gym daily.
Will attempt to do the exact same regular next week, expecting to get my 100 pips and attain $130 mark.
Beginning of the week.
Produced 45 pips on Sunday night, and 70 pips today on Monday = 115. Pleased with subject and myself. Do not make many errors, only few ones there.
Weekly aim is completed, no need to rush things. Will attempt to stay focused and get as near as possible to my initial deposit.
I'm back and it is fantastic to be back.
I haven't traded for the entire month of Novemebr. My church held series. It was great! People to God. I'm back trading here and there, warming up for 2011.
Just want to upgrade that my account was down to $60. Big loss. Thus, it was great to have a break for a month.
Launched trading 6c/pip. Last week produced 170pips, now account is $70.76.
Next week will go upwards = 7c/pip.
It is good to be back!
Was extreamly busy those winter months; have not traded much.
Now eventually have time this summer to trade.
Last week produced 105 pips. Account is 147.60
Why?! Again and again! Why don't I put a SL?
Started perfect day - 46pips after a few hours. After which...
lost 113! Stupid!
Lessons learned:
1. Put stop reduction!!!!!!!!!!!!!!!!!
2. Trade at a quiet peaceful private time (not when the household is around).
3. Dont overtrade. Once 5hrs brain stops working.
Anywaydown about 70 pips for now. Will plan to go back a half an hour tomorrow. Doable goals, nevertheless can be profitable this week.
It was a lousy week. I had been down 190pips. Gained back 85 pips over the previous day of gambling. So -105 a week. I would break even for a week if did not leave some transactions to go while I'm away from the computer (taking wife to a dantist or shopping). I wasn't following the principles taking too many transactions just gaming.
Courses of the week:
1. Close your rankings when leaving or place SL to break .
2. Adhere to the principles.