RahmanSL
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Alright! Now I have gotten my feet wet in Trading Forex for just over a year, I would like to post my own Trade Journal.
The attachment screenshot is of one of my Demo account started on 16/Nov/2010 with usd3,000 at 1:500 leverage.
Demo Account: Starting: 16/Nov/2010 - Ending 17/Dec/2010:
From usd3,000, the Balanced is now: usd23,593.56 - Equity: usd23,451.51
Still Opened Positions: 7 - Floating P/L: -usd142.05
Winning Closed Positions: 100% - Lost Closed Positions: Nil - Lost Floating/Opened Positions: 3
Total Profits Percentage (%) gained:
Based on Balanced: 686.45%
Based on Equity: 681.72%
I have a last surviving Live account (blew 4 other Live accounts trading impatiently and recklessly) which I have managed to salvaged and put together into a usd240.78 Micro account with 1:500 leverage.
I have been trading that new account since 2/Dec/2010 and have realized (from 12 part time trading days) a modest gain of 57.95% based on Equity, and 59.38% based on Balance. I might post screenshots of this account at a later date.
I don't use SL, signals, rumors, soothsayers, witchdoctors, fortunetellers, and other mumbo-jumbo stuffs. I read old Steve, Pipsalot, Henry Lui, and other articles from around the blog.
Mostly, I spent some time watching and observing market movements on the screen before entering trades which are always preset with TP (in case I cannot attend to trades).
I tried to leave as much Free Margin as I feel comfortable with (to ride out any losses), but at times I do tend to cut that a little too thin for my account good health.
I shall endeavor to keep both the Demo & Live Accounts alive and see what happens in 2 months time (i.e 17/Feb/2011).
All comments and suggestions on my trading style are welcome.
The attachment screenshot is of one of my Demo account started on 16/Nov/2010 with usd3,000 at 1:500 leverage.
Demo Account: Starting: 16/Nov/2010 - Ending 17/Dec/2010:
From usd3,000, the Balanced is now: usd23,593.56 - Equity: usd23,451.51
Still Opened Positions: 7 - Floating P/L: -usd142.05
Winning Closed Positions: 100% - Lost Closed Positions: Nil - Lost Floating/Opened Positions: 3
Total Profits Percentage (%) gained:
Based on Balanced: 686.45%
Based on Equity: 681.72%
I have a last surviving Live account (blew 4 other Live accounts trading impatiently and recklessly) which I have managed to salvaged and put together into a usd240.78 Micro account with 1:500 leverage.
I have been trading that new account since 2/Dec/2010 and have realized (from 12 part time trading days) a modest gain of 57.95% based on Equity, and 59.38% based on Balance. I might post screenshots of this account at a later date.
I don't use SL, signals, rumors, soothsayers, witchdoctors, fortunetellers, and other mumbo-jumbo stuffs. I read old Steve, Pipsalot, Henry Lui, and other articles from around the blog.
Mostly, I spent some time watching and observing market movements on the screen before entering trades which are always preset with TP (in case I cannot attend to trades).
I tried to leave as much Free Margin as I feel comfortable with (to ride out any losses), but at times I do tend to cut that a little too thin for my account good health.
I shall endeavor to keep both the Demo & Live Accounts alive and see what happens in 2 months time (i.e 17/Feb/2011).
All comments and suggestions on my trading style are welcome.
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