CHRISTO9HER
Active member
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Hi guys :clap::clap:
Let me introduce myself. I am a 22 year old from essex who has just finished at uni. I just graduated from Warwick Uni in economics in which I got a solid first.:smart:
Most of my friends are now off to investment banks. I however, want to be a trader. Not one of these wannabe traders who executes client orders all day at IB's, but a real trader, a prop trader. And I want to trade for myself, not someone else :-0:-0
I have spent the last 6 months, (when not studying for exams), learning everything that I can about trading. I have spent countless hours backtesting systems and studying the markets.
I have also been helped a great deal by some of the great posters on this site, with particular thanks going out to grant, MRgecko, GJ, RCexile and countless others. I hope that you will continue to support me I now feel that I am in a good position to be able to be a profitable trader, although dont expect it to happen right away.
I am going to be trading GBPUSD and only GBPUSD. The trades will be intra-day, with an absolute upper limit of 4 trades in a day. I will be risking around 1-2% of the account per trade.
The trading account is going to be £1000. Before you shout at me for being undercapitalised, I have a whole lot more in reserve that will be joining it if I can show some consistent results.
September is the decision date for me. I have a place at LSE next year and will have to decide whether to take it or not. That is around 2 months away. If I can convince myself that I can make it as a trader, I will scrap the course at LSE (tuition fees are 22k) and trade for myself.
Success, for me, will be turnign the £1000 into around £1500 in the two months. :whistling This is a return of around 1% per day.
If I can show myself that I can return an average of close to 1% per day then I can be confidant of making enough to earn a good living if I whack my savings into the account.
I am going to post at the end of each trading day, I will post the trades that I entered, why I entered them, PnL for the day, etc etc.
This will not start until probably wednesday as I have to sort some stuff before I begin.
What I am looking to get out of this is a bit of guidance from those who have been through the same process. I have approached learning about trading in the same way as any other academic work, and have amassed a lot of knowledge. However, I know that whilst that will be useful, I will need to draw on the experience of others to guide me through.
So please, if you have anything useful to contribute at any stage, then please speak up and rest assured that unlike certain other people on this site, I will carefully consider any advice given.
Cheers guys
Chris
Let me introduce myself. I am a 22 year old from essex who has just finished at uni. I just graduated from Warwick Uni in economics in which I got a solid first.:smart:
Most of my friends are now off to investment banks. I however, want to be a trader. Not one of these wannabe traders who executes client orders all day at IB's, but a real trader, a prop trader. And I want to trade for myself, not someone else :-0:-0
I have spent the last 6 months, (when not studying for exams), learning everything that I can about trading. I have spent countless hours backtesting systems and studying the markets.
I have also been helped a great deal by some of the great posters on this site, with particular thanks going out to grant, MRgecko, GJ, RCexile and countless others. I hope that you will continue to support me I now feel that I am in a good position to be able to be a profitable trader, although dont expect it to happen right away.
I am going to be trading GBPUSD and only GBPUSD. The trades will be intra-day, with an absolute upper limit of 4 trades in a day. I will be risking around 1-2% of the account per trade.
The trading account is going to be £1000. Before you shout at me for being undercapitalised, I have a whole lot more in reserve that will be joining it if I can show some consistent results.
September is the decision date for me. I have a place at LSE next year and will have to decide whether to take it or not. That is around 2 months away. If I can convince myself that I can make it as a trader, I will scrap the course at LSE (tuition fees are 22k) and trade for myself.
Success, for me, will be turnign the £1000 into around £1500 in the two months. :whistling This is a return of around 1% per day.
If I can show myself that I can return an average of close to 1% per day then I can be confidant of making enough to earn a good living if I whack my savings into the account.
I am going to post at the end of each trading day, I will post the trades that I entered, why I entered them, PnL for the day, etc etc.
This will not start until probably wednesday as I have to sort some stuff before I begin.
What I am looking to get out of this is a bit of guidance from those who have been through the same process. I have approached learning about trading in the same way as any other academic work, and have amassed a lot of knowledge. However, I know that whilst that will be useful, I will need to draw on the experience of others to guide me through.
So please, if you have anything useful to contribute at any stage, then please speak up and rest assured that unlike certain other people on this site, I will carefully consider any advice given.
Cheers guys
Chris