10,000 to 100,000(real account)

[s1quash]

I just want to document my trades and hopefully inspire others to never stop working to achieve the dream of becoming a trader. I started my endeavour of becoming a trader on july 2010. It has been one year and i already had 6 margin calls.

After the last margin call i felt the needs to be more discipline. I know how to trade but it was just that i lack of discipline and money management. The most important aspect that i learnt along the course was you must have two critical aspect if you want to succeed in trading. :smart:

1. A system
2. money management

I will be sharing screenshots of my position on daily basis. I hope we can learn from each other. You are also welcomed if you want to share your screenshot of the newest position here for discussion or as learning materials for others.

I am still a newbie but i have worked hard and will never stop. God bless.

FYI, i am a full time university student, taking international business and i am 19 years old.

 

[s1quash]

Wow...the image doesn't shrink like the other forum i posted..starting from today i will make this my primary journal and abandoned the other one..i just started that yesterday..glad to have thought about this forum...haven't been here quite a while..like the new look..

I would like to invite traders to post screenshot of your newest position here for discussions or as learning materials for others.

(I need to discipline myself..that includes to always have solid reasons when entering a trade and to babysit every positions taken..)

Here is the summary for today's trading...will trade better tomorrow..Good night

 

[Hotch]

I'm confused already! I keep getting the sum as 4639.27 profit, yet your balance isn't 14639.27?

 

[s1quash]

Both were for one day history...look at the date. Sorry to have made you confused.
Here is the balance.

 

[Doomberg]

Great to see more making journals, good luck

 

[s1quash]

Today i lost several trades because i went for the excitement and my head was in haze.

For those wondering how i trade..I trade on momentum, divergences, trend, supply and demand/support and resistance and i think what people call tape reading...i am searching for books to read on tape reading coz i don't really know what that is..
Great traders are great readers but no books will turn you to a successful trader overnight. You need to learn everything and develop a method. My system is very personal and i can't reveal here..but i hope you will learn something as i will post my entries.

Entries and exits/SL and TP should not be based on risk to reward ratio 2:1 etc. It should be based on your current market.. What its ready to give you. You don't give pips to yourself because only the market can give..right???
If i don't see the market progressing i will close the trade.

 

[s1quash]

Great to see more making journals, good luck

Thanks..Come here often ya..bye..its late i should sleep. Am just excited with this journal.:clap:

 

[Doomberg]

I'm glad that at least one other is excited LOL... lets take over the world

 

[s1quash]

Trades out of nowhere...Just took this trade because i was bored. Reduced lot size. Am ready if i lose. Timing wasn't perfect.

There were philosophies that i created behind this trade but its too long to write here. We must comprehend before we make a decision. If not that is called blind trading/gambling.

 

[the hare]

Just out of interest, over what timescale are you hoping to achieve this goal.

 

[s1quash]

I forgot to mention..i also take news into account..but i don't trade based on news..i just take it as a broad view of the market..

 

[s1quash]

Just out of interest, over what timescale are you hoping to achieve this goal.

Maybe in three months...5 months max.

 

[the hare]

Maybe in three months...5 months max.

Thats going to be one hell of a rollercoaster ride, but good luck with it

 

[s1quash]

Yeah i need that..

 

[busfarehome]

Hi S1quash, can you tell me which Broker you are using?

 

[s1quash]

Hi S1quash, can you tell me which Broker you are using?

Hi, i use forex4you

 

[BigKaChing]

in for the ride...good luck!

 

[s1quash]

I want to do online coaching the way i trade for a fee of course...Anyone interested???

If you want a money manager i can do that too..with controlled risk..i will trade 1 lot per 10,000 dollars

This is the screenshot of my lovely system...spend many hours to to figure that out..

Momentum and divergence that's the key.. Charts/technical analysis won't move the market but buying or selling of currencies by the big boys will. Our job is to find whether they are buying or selling and make our bet. The buying and selling pressure will show itself on the chart if you know where to look.

Good system+money management = a successfull trader

Listen guys what i'm trying to do 10k to 100k by trading as much lot as i can is not good money management...for every 10,000 dollars we should only trade 1 standard lot..and progresses as our account increases..

 

[D.Gilberto]

Good luck s1quash... just dont get ahead of yourself and believe you can open a hedge fund just yet buddy. But looks promising and keep up the good work.

 

[dmt257]

I think you have to register as a vendor if you want to sell something on here s1quash otherwise you will fall foul of the mods.