RahmanSL
Major
- Messages
- 2,940
Nothing to worry about. Those are just temporary drawdowns.
Yuppp....and I have cleared all outstanding from both my credit cards...just in case
Nothing to worry about. Those are just temporary drawdowns.
I would aim/expect 50%. I've been trading FX for some time now and don't see why you'd expose that sort of money for anything less. Its far too risky of a game to play in hope to make return that just 'beat the bank'. If thats what your after your much more likely to have success using buying a blue chip defensive stock. And if your in it just for the fun, then I'd suggest using a smaller account.
That's just my opinion though!
Opinion, and thoughts, very much appreciated...Thank you!
Yes, admittedly, I am into forex mostly for "fun" (and for the trill/euphoria of winning, beating the market, etc), but I also am trying for the huge possible profits that can be derived from the market....i.e if I can get my "over trading" bad habit licked
I can easily get much2 more then 50% returns on my capital.....Problem is, once I have made the profits, I usually blow the account within a short period of time.
I need to be consistent in trading profitably and, hence, this thread which I hope can help me to curb my "bad over-trading habit" since I will have to publish my trading performances, both good and bad, which is subject to open comments and suggestions from forumers.
If I use smaller account (i.e below USD5k), I tend to blow the account faster than I can transfer money into it.....and I must have blown at least 20 such accounts in the past 3.5 years that I am into trading the forex....and if I were to add up all those capitals, it would hurt more than a little
So, with consistent & sensible trading, hopefully I can recover all those past losses from my main account with AxiTrader
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Report Card Week 3:
Main Account at AxiTrader:
Doing well with 103.88% gain since re-start of account on 18/Aug/2013
Total Balance: USD14,182.77
Equity: USD12,247.34
Temporary DD:-USD1,935.43
Secondary account at ICMarkets:
Not doing well due to sudden substantial rises in exotic pair being traded.
Total Balance: USD6,614.71
Equity: -USD311.21
Temporary DD:-USD5,751.71
Permanent DD:-USD997.16
To prevent account wipe out, I have injected another USD2,748.01 (with fees totaling USD133.36 charged by CC and banks).
Account balance is now: USD9,362.72
and Equity: USD3,611.01....which is not at safe level.
Will consider further funds injection just before Monday market open (if necessary) to save account because, in the long run and since its a "positive swap" account, this account should become profitable.
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Overall account performance (two accounts combined):
Total deposit: USD16,630.27
Balance : USD23,545.49
Total P/L : USD6,915.22 (+41.58%)
Equity : USD15,858.35
Total P/L : USD15,858.35 (-4.64%)