Okay ladies and gents,
BACKGROUND:
After trying this trading game for the last 4 years, iv'e never made a lot of money or lost a lot. Biggest win a measly £80 biggest loss £60 (averaging down a loser :whistling.)
I've read countless books and paid for webinars only £75 just thought i'd put that in there. But in total i'd say I've invested £600 on my trading future.... Last thing i'm 21 and want to work in prop and for the people good at math, at 17 i was reading books on trading as i couldn't do it legally.
WHY:
In August, I decided enough was enough i'm gonna be good at this I made a plan worked out a routine. Demoed for three months with good results then went live in December with £200 7 trades down the line and well i'm down £40, some newbie mistakes price hitting stop loss by exactly e.g stop loss 0.90097.
I have 3 attempts left with £200 (this being the first).
The Point:
Basically i'm going to trade two different strategies (S&R+PA and 3 ducks with a twist) and record the results. i'll be spread betting the minimum, but trading aggressively, with time I have after work and putting in orders while i'm at it based on research done the night before. I'll attempt to post the trades with some detail but with my journal being my holy grail. It will probably be brief e.g. loss or win and account amount.
Reason for the title is because, its hit my targets or nothing and the monthly targets I have i'm £192 behind not including February target of £66.5.
This sounds ridiculous but with the right recording and high risk money management it's possible....Also it's necessary if i want to have any chance impressing hedge funds or prop houses.
Thanks for reading any opinions or criticisms would be appreciated.
BACKGROUND:
After trying this trading game for the last 4 years, iv'e never made a lot of money or lost a lot. Biggest win a measly £80 biggest loss £60 (averaging down a loser :whistling.)
I've read countless books and paid for webinars only £75 just thought i'd put that in there. But in total i'd say I've invested £600 on my trading future.... Last thing i'm 21 and want to work in prop and for the people good at math, at 17 i was reading books on trading as i couldn't do it legally.
WHY:
In August, I decided enough was enough i'm gonna be good at this I made a plan worked out a routine. Demoed for three months with good results then went live in December with £200 7 trades down the line and well i'm down £40, some newbie mistakes price hitting stop loss by exactly e.g stop loss 0.90097.
I have 3 attempts left with £200 (this being the first).
The Point:
Basically i'm going to trade two different strategies (S&R+PA and 3 ducks with a twist) and record the results. i'll be spread betting the minimum, but trading aggressively, with time I have after work and putting in orders while i'm at it based on research done the night before. I'll attempt to post the trades with some detail but with my journal being my holy grail. It will probably be brief e.g. loss or win and account amount.
Reason for the title is because, its hit my targets or nothing and the monthly targets I have i'm £192 behind not including February target of £66.5.
This sounds ridiculous but with the right recording and high risk money management it's possible....Also it's necessary if i want to have any chance impressing hedge funds or prop houses.
Thanks for reading any opinions or criticisms would be appreciated.