Journey To Billionaire
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thread: Journey To Billionaire

  1. #1
    Junior Member sernaoxnu's Avatar
    25

    Journey To Billionaire

    A number of my friends advised me to start a journal so that I can keep consistent so here it is!

    In order to attain consistency in trading, a few said a journal is a must. So this journal will be my second home and I will be recording thoughts and my transactions here. I'm not yet a consistent profitable trader so I'll try my best in attaining that position.

    I don't mind people understand what egy I use, as my trading style is sort of boring:

    the traditional old school support and resistance from multiple timeframes, and a few PA around the level to trade. My activate TF if M1 and M5, but the majority of them are M5 PA..

    I'm an intraday trend follower, never let trade run overnight, trade just the pullbacks and rarely CT trade. I'm also a big fans of SD trading, and that means you will also see this sort of TA style in my journal.

    I do not trade averaging, as I felt it is too risky when it is done incorrectly. But would really like to pyramid the position when it is running in my way (If there's a re-entry installation).

    This journal is my route to billionaire, but maybe not in dollar clearly.
    15 billion in my nation is about the same as a million in the West country.

    Alright, That is all for debut. Starting a small account and will walk this million miles journey.

    This is my very first measure, so wish me luck!

  2. #2
    Junior Member sernaoxnu's Avatar
    25
    So first, I want to address few of my critical weakness in trading.

    I tend to get distracted by tons of items when trading (I trade full time). Since I tend to sit down in front of the PC, I really do tons of things when waiting for setup. This component must be fixed by me before I will gain back my attention and enhancing my consistency.

    It is hard as it is becoming a habit to become distracted. Forum reading is one of these. Constantly looking for the more advanced technique of trading, though I know that a system isn't the whole picture in trading. (Yes, I still keep looking like a restless zombie though I know it's wrong!) And I have got the easy and best trading formulation.

    For example, I missed that this 30 pips runner just now in EU since was distracted to do the unimportant things first (Have good defects in my ability in assigning tasks).





    This must be fix or I shall stop trading in the next few months.

    My following weakness is that the inclination to close a trade too quickly. I was coming out of a fast in fast out trading style / scalp, or so the habit kick in unconsciously and turning a big opportunity to profit more trade. It is no joke it feel hurt when viewing a trade goes in the way once I've out of the market.

    Part of the cause is mostly the noob mentality of fearing of reduction. I've defined my risk, however I frightened of dropping it. I know.

    I would like to correct this two problems as soon as I could, and it would help me smooth the equity curve up.

  3. #3
    I'm a intraday trend follower, never let trade run immediately.
    I have a whatsapp group which has such aims also.

    We also have a couple of Indonesians. I myself am a Singaporean.

    Would you like to join? If so, PM me and I will take you the link.

  4. #4
    Junior Member sernaoxnu's Avatar
    25
    quote I have a whatsapp group that has such aims too. We carry a couple of Indonesians. I'm a Singaporean. Do you want to join? If so, PM me and I'll take you the invite link.
    Hello MF, nice to meet you! I see, I'd really like to take a look at your group. Please PM me your invite link.

  5. #5
    quote Hi MF, nice to meet you! I see, I would love to check out your collection. Please PM me your link.
    Sent

  6. #6
    Junior Member sernaoxnu's Avatar
    25


    The very first trade within this journal is a scalp, and a 'late to the party' one! I missed because I took a nap London open, and I'm bad about it. LOL. What a wise guy.

    It's already near M30's requirement place, so I don't have any confidence it will break through. But frequently price will rebounce once or twice, and judging by the momentum of USD, it may drag just a bit and available for brief scalp.



    Exit early because of the demand, and I'm not happy with how I depart. Need in the long run or to fix this weakness I will never make it. My stop was placed beyond the M5 doji.

  7. #7
    Junior Member sernaoxnu's Avatar
    25
    Another scalp:



    My encircling is sort of feverish today, therefore no more transaction for today. I will be challenging yield. Let's see how it goes.

    GOAL for March 28, 2018: 3 percent profit

  8. #8
    Junior Member sernaoxnu's Avatar
    25
    Simple trade via R/S flip level:



    Missed couple good setups, waiting for next one to appear. Because you can see, I scalp. The weakness which I am currently fighting in mind. Have not really put to fix it.

    The solution should be: shut part, and allow the other part run to train the brain to maintain ease using swings.

    Currently only monitoring 4 pairs: EURUSD, AUDUSD, GBPUSD and USDJPY. They are my fantastic 4 because they have volatility and sufficient quantity. Pairs like GBPJPY is a lot for me to deal with.

    I completely respect those who trade with 28 pairs, or maybe 10 pairs with a lot of indiors on their chart. I can not even imagine how their brain work with these info. They have core i90 installed in their brain.

    Alright, back to work. (when studying this, I overlooked another transaction. Gdmit! Journaling will be on the lowest priority from now on.)


  9. #9
    Junior Member sernaoxnu's Avatar
    25
    Thanks God, Goal for March 28, 2018 completed!











    I should be able to reached it until London Open, but Due to various distractions, I completed the aim in NY session.

    One BE commerce because I was unsure my own analysis. But later on I trade it with decreased lot dimensions (still unsure). But it is working fine.

    Tomorrow I will try to be more attention, and attaining a larger goal. Tomorrow, I will be challenging yield. Let's see how it goes.

    GOAL for March 29, 2018: 6 percent profit

  10. #10
    Junior Member sernaoxnu's Avatar
    25
    I did not reach my goal and I'm not really happy with my performance today. Have various kind of distractions around the house, and couldn't really concentrate on trading all day long.

    The very first trade is a reduction:



    I will say I should get transfer my SL to BE or something like that. But nope, I won't. I acknowledge I was wrong since was fixated with daily receptive level and thought price will flip from there just like a ball hitting a wall. However, the fact said it is just a response and it failed to reverse price.

    2nd commerce:



    Entry is wrong and that I exited a tiny bit too early.

    3rd commerce was a breakout commerce.



    price breakout from significant area that's been holding price down, I depart prematurely before coming at the upper S/R other area, then missed the short trade because of diversion.

    So overall of 2.1 percent only for today. Well, it's better than nothing.



    Tomorrow is a holiday, I doubt there's enough movement to profit from. But I will nevertheless challenge 6% return for tomorrow.

    GOAL for March 30, 2018: 6% profit

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