Casual Trader's Journal

RockyRacoon · Jun 7, 2010

I plan to post it all, complete and without doubt. The good, bad and ugly - whatever.

I've been a demo wizard for 8 months and just now put $500.00 on the line for all to see - - - - - -I am looking for help so please, don't be shy. I not only wish to keep a record for myself, I am also needing to learn! Be assured that from here on out, the only trades I make will be with my real money.

I am only looking to make 1% or 2% or more percentage points each time I trade, and since I work full time, there may be days between trades.

Whatever happens, I will post a screen shot after or prior to my next trading session.

My primary trading preference is the spot Forex - the EUR/USD.

wackypete2 · Jun 7, 2010

Good Luck !!
If you want to check out some real trades join us in the forex live calls thread. There's plenty of learning material there and you can watch as several of us call out real time live trades and post our charts. You can even ask questions!

As you are trading and posting here give us some idea why you took the trade and you will find plenty of traders here willing to give tips and suggestions.

Peter

RockyRacoon · Jun 7, 2010

Done for the time being, made over 4% - wish me continued success.

RockyRacoon · Jun 7, 2010

It occurred to me that I might need to show more, so here..................

RockyRacoon · Jun 7, 2010

wackypete2 said:
Good Luck !!
If you want to check out some real trades join us in the forex live calls thread. There's plenty of learning material there and you can watch as several of us call out real time live trades and post our charts. You can even ask questions!

As you are trading and posting here give us some idea why you took the trade and you will find plenty of traders here willing to give tips and suggestions.

Peter

I'm not much for live calls - I have a hard enough time trading lol

I trade what I think is WITH the trend, which till now is obliviously, down.

Since I am only shooting for 1 or 2 percent per trading day, I surpassed my goal and am EXTREMELY happy lol - - - -now, if I can just keep this going lol.

I'm not out to fool anyone, I well know most of us lose our asses and I am going to show my losers same as winners - - with the hope that folks will help with their comments and not crucify me for being a loser.

Thanks to all!

RockyRacoon · Jun 7, 2010

Scalped a few more bucks, made over 6% - I'll watch for other opportunities but as of now, I am done for today.

wackypete2 · Jun 7, 2010

Good job so far. You are starting small, appear to have a plan, and are open to some critique/suggestions. Good elements of a winning strategy!

Peter

RockyRacoon · Jun 7, 2010

wackypete2 said:
Good job so far. You are starting small, appear to have a plan, and are open to some critique/suggestions. Good elements of a winning strategy!

Peter

Thank you very much, please post a link to your live calls forum.

wackypete2 · Jun 7, 2010

Here's a link:
http://www.trade2win.com/boards/forex-discussion/75186-forex-trading-live-calls-set-ups.html

Gets active at the open of the London session through close of US session.

I'm in the US, so almost bedtime for me now!

Peter

RockyRacoon · Jun 8, 2010

Made just over 1% - price is jumping around too much to hold, I'm happy to be out with a gain.

RockyRacoon · Jun 9, 2010

Pretty sure I got out early, but at one point I was as much as $19.35 in the hole and at another point I was up $9.00.

Close enough to 1% gain for me - and if I would have made a few more bucks if I would have gotten filled at the prices shown when I closed the trades.

I was up .5 pips when I closed the first trade but they filled me at a 1.1 pip loss.
I was down 3.5 pips when I closed the second trade but they filled me at a 4.8 loss.

So much for no commissions ha ha.

RockyRacoon · Jun 9, 2010

Finished of the session up +3% and happy

wackypete2 · Jun 10, 2010

Looking good so far!! The only thing I can see that might be a problem is where you are trading 10 units (micro lots?) you might be overextending your leverage just a bit. Not being critical here, just throwing in my 2 cents.

Well done :clap:

Peter

RockyRacoon · Jun 10, 2010

Thanks Pete!
Can tack on about another 2%

I was up almost 5% but decided to bail on the pop - -it's past my bed time

Yes, it's a micro account......I am almost always scaling in and usually scale out as well......so far it's been working.

I had some issues with the FXCM platform freezing tonight so I just got out of this trade (I scaled in to 35 micro lots and scaled out between platform freezes.)

RockyRacoon · Jun 10, 2010

Just took another +1%.
Off to work now but I finished off the session up over 3%.

I came close to scaling in and adding to my position a few pips higher than my first entry, but never pulled that trigger.

RockyRacoon · Jun 11, 2010

I had to really manage this trade - if it weren't for slippage, I would have made about $15.00 - as it is, I am finding that the slippage sucks bad.

I could have exited the trade a few minutes after I entered it and made over 1% - but Noooo, I tried to "let my winner run" - WHICH DON'T WORK TRADING COUNTER TREND!

I scaled in to a max position of 60 micro lots and got out with just over 1/2% profit - and am happy about that lol.

Dumbest trade I made all week.

wackypete2 · Jun 11, 2010

RockyRacoon said:
I could have exited the trade a few minutes after I entered it and made over 1% - but Noooo, I tried to "let my winner run" - WHICH DON'T WORK TRADING COUNTER TREND!

Lesson learned!

Peter

RockyRacoon · Jun 11, 2010

wackypete2 said:
Lesson learned!

Peter

Yep!

All in all, I did ok this week.

Started out with $500.00
Week 1 ended with $576.20

$76.20 profit
15.2% profit
9 trades
9 winners
1.7% avg profit per trade

I will be ecstatic if I can keep this up..........and I will keep this up provided I continue trading pull backs within the trend!!

RockyRacoon · Jun 14, 2010

Chalk up another 3.8%

Endured some heat but made a profit and am happy!

I just edited to show all entries and exits.

RockyRacoon · Jun 14, 2010

I'm going to try to hold this position for the swing, hopefully a few months lol.

I scaled in short a total of 12 micro lots, then scaled out of 6 once they became profitable........so I'm now short 6 micro's at an avg price of 1.22515.

Holding any position for more than a few hours is not how I usually trade, but I think the daily chart has a good resistance where I entered my shorts.

I'm off to work with stops in place, willing to risk about an 8 pip loss on 6 micros - will see how this goes.

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