Sheraz`s Trading Journal

[sheraz572]

Position closed @ 1.3034

 

[sheraz572]

I did lot of junk trades last week. Made only $8. I realized that taking few points here and losing few pips there was no fun at all. I have decided to revise my strategy again in next trade & switch toward risk:reward ratio trading at least 1:4.

 

[sheraz572]

Sold EUR/USD @ 1.3018
Stop @ 1.3048

 

[sheraz572]

This year`s trading has come to an end. $92 has been earned this month in total. See you all in 2012.

Target Balance: $2000
Target Reaching Date: 1st March 2012
Balance: $203
Remaining To Reach Target: $1797

 

[sheraz572]

Happy New Year!!

Researching on my emotions during this holidays, I have come to understand the main reason for not sustaining gains in the forex market for a long period of time. It is over-confidence leading to over-leveraging. In 2012, I have decided to maintain a personal trading journal in system and to master my emotions. I am discarding the goal of making $2000 till 1st March since it will lead to over-leveraging and can lead to loss of overall gains.

I would also suggest that you guys check out this awesome video. Happy New Year 2012!!


[video=youtube;yWq-LW3cNDU][/video]

 

[sheraz572]

EUR/USD Sold @ 1.3057
Stop @ 1.3077

 

[sheraz572]

Position closed @ 1.2992.

 

[sheraz572]

EUR/USD Bought @ 1.2938
Stop @ 1.2908

 

[sheraz572]

Stop loss hit on the trade.

 

[sheraz572]

EUR/USD Bought @ 1.2777
Stop @ 1.2763