Wednesday, February 27, 2019

Bad trading day

I opened a position that didn't close after 3hrs. Saw a 15% paper loss, that finally broke even, so I closed it out. I then took another trade, but because of the previous experience, I manually closed the position when it turned a profit. Had I let either position breathe, I would've gotten my auto-close ultimately. Hindsight is always 20/20 eh. Well, still in the black so all's good. Trade safe.

Yours,

X

Thursday, February 21, 2019

Monday, February 18, 2019

$98 - 22% gains

So far so good. What's been encouraging though is that I find myself reading the charts better. Using daily for the direction, using 30min for the entry. Sticking to AUD/USD only - 10:1 RR (20 stop, 2 limit).

Trade safe.

Yours,

X

Wednesday, February 13, 2019

Given up. Revert to previous strategy.

Strings of losses. Wiped out all profit.

Tried a R:R 1:10 strategy, but losses were really very fast and quick. And it's tiring to trade that on a demo account.

Now I'm back to my 1:10 strategy. Target 3.3% gains every day. Max drawdown of 33%. Use 30min timeframe on AUD/USD or EUD/USD. I suspect this is going to be the last I'll try before giving up on CFDs. Haha...

So far, have gained 10%. From $80 to $90.

Trade safe.

Yours,

X