Hi, folks. I’m from Ottawa, the capital of Canada. I’m trading the majors, especially CAD, AUD, EUR and even tried some CHF, NZD and Cable.
I have a varied background and have been a musician, politician, web manager, Communications strategist and producer. I would sincerely love to become good at trading. I understand it, but my major issue is being to quick to trade without really taking my time, and overtrading, which are two related issues.
tried a practice account and was just starting to make money on it when I switched. I was getting bored, but have now lost some money and feel like I need to retool. My first couple weeks were very successful, but the last few weeks have been losing efforts. I’m quite sure it’s frame of mind that’s getting me and I need to make some rules about when and what i trade. I put together a trading plan, but I haven’t been journalling my work and I think that’s something i need to start. I’m not sure what to put in the journal or what kind of format, so I’m open to suggesitons. I’ve got around $1300 tied up in this effort and would commit more if I started getting better results.
I also think I need to know when to get out of trades. I hold on after making thirty or forty dollars and then find myself losing on the trade.
I also need to know about what to do as a kind of routine when looking at setups. I probably have just enough information to be dangerous, so it’s more than how, not the what the i’m focussing on right now.