I’d like to start this off by saying I’d love for as much engagement in this thread as possible.
This thread will be limited to entries from my demo account and screenshots of PA with as much detail as I can apply. The purpose is to gain an understanding of what works and what does not.
Risk management #1 Priority. The goal is to not blow this account.
The account will have a starting equity of $5,000 USD as this is what I plan to have when I open a live account.
Develop an Edge #2 Priority. As I have no real market experience, I’ll be developing my edge throughout.
The basis will be PA in conjunction with supply and demand. Indicators will come and go as their only purpose will be to validate my theories. In order to understand market movement and PA no trades will be placed solely on indicators.
Make and Learn from Mistakes #3 Priority. There will be a TREMENDOUS amount of mistakes.
You will see and read things that might make you go, “He’s an idiot…” If you do, please comment and explain why. I’m here to learn and having experience to help me notice errors is sincerely appreciated. Along with making mistakes, nothing is off limits. I may experiment with different TF, currencies, RRR, trading sessions, trading styles, music while I trade , and possibly even news events.
In the quest to developing an edge I must experience WHY I should not do things, and WHY I should do others.
I am learning as I go. Things are always subject to change with an open mind.
Consistency #4 Priority. I have a tight schedule and a full-time job along with schooling.
Staying consistent will be very difficult. Finding that balance of trading and all that goes into it along with the rest of my life will be a constant experiment in itself.
Have Fun #5 Priority. Keep it fresh. Stay engaged. Further the passion to trade.
I have loved every step of this journey and refuse for it to turn sour whether I’m losing or not.
You can follow the account through FF. RedEyRishMan’s Member Profile | Forex Factory
With that said, let the games begin. Cheers to success