I know… And sometimes it goes even further after closing it, but I don’t get upset about that anymore. I’m happy for making something out of it and didn’t lose anything. 
However, I want to get used to letting it run until it reaches a designated TP. I will try… but then if it turns around, I’ll just tell myself why I didn’t close it there, why am I still greedy?
Right. I think it was one of the ads on Youtube and on another website… I remember FXCM and FxPro promote themselves a lot and saw it so many times. Then I just clicked on them and I was like wow, this is a way to make money?
After learning more about it, I realized that it’s not a get-rich-quick thing but I fell in love with the charts and what’s behind the whole thing.
I think I have been interested in money making schemes but I haven’t done anything like that before. And Forex is perfect for me. It’s not gambling. You have a strategy. There’s a great community. There’s economics, finance, politics etc behind it… I love it! Wish I could go back in time to study this field earlier…
Same. When I was younger, I enjoyed a little bit of gambling so trading crypto in the beginning gave me that same sense of rush. But like you, I also wish I learned about this waaay back then. But hey at least we’re here now!
It’s nice going from “holy crap what is this complex thing” to understanding a little bit of it. Hopefully, I’ll be quicker in understanding TA and also have more time to look into fundies.
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May the market be with us. 
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I’m feeling that urge too! Caught between focusing my energy on just a few pairs to learn, and FOMO as I watch setups on other pairs. So far I’m thinking I want to make at least a few trades with my current trading plan before adding other charts.
Looking forward to seeing your progress with this trading plan update!
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Lost about half, then got it up again plus some profit in one giant move, now down again, just started to go hard with journaling. I won’t go anywhere without a good, proper trading journal. It’s almost impossible to get anywhere anytime soon without one imho.
Wish I could afford edgewonk by now … Collecting all edgewonk data on paper now, to enter it when I get my hands on it.
@Mordengaard you might be/become a losing trader by cutting your winners short solely for mental reasons.
Based on the research that I have read this is one of two reason new Traders blow up their account. Short the profit and let the losers run…
That’s one of the reasons I started trading the dailies. I try not to look at the chart during the day. I’ll look at 5 Eastern Time.
I know if I sit in front of the computer staring at charts I’m going to want to be in and out and it will turn into a giant freak Show in my head!
KC
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Thanks for the advice.
I also feel more comfortable with daily charts and higher timeframes. I like to wait until daily close and analyse the weekly charts on the weekends.
This is really hard but I try not to close positions just because I’m in profits. I try to let them go until a reasonable TP area.
Daily and weekly charts are slow but they guarantee better results. Use smaller lots and be patient, let them run for a few days or weeks maybe!! This is what I tell myself…
Whenever I try smaller timeframes, I lose… it’s too overwhelming.
Same. I can only do 1D/Weekly.
I’m on holiday right now but I have opened several positions last week, still holding them. Only daily and weekly charts.
Update later.
My balance is $550.
Last week and the week before that I opened several positions according to weekly and daily charts. I left those trades open for a week, or until it reached a certain TP. I like this kind of trading.
On the weekends I look at every pair and try to analyse the setup. Also, I compare line charts and look at correlations, very useful in the long term.
I already know which pairs I’m going to trade next week and I’ll leave them open for a while. This way I don’t have to look at the charts all the time and I’m learning to be more patient. Sometimes the position goes into negative then after a few days it turns around and go to the right direction, so it’s worth waiting.
Recently almost all my trades were profitable, thanks to the daily and weekly chart analysis. Except one… the USDZAR pair. I like that pair but I let it run too much and, while the others were profitable, this one gave me a bigger loss. So I’ll be more careful with this pair in the future. This is why I’m still at $550.
I’m using 0.01 lots so I don’t risk anything.
This is what I’m trying to do as well! It’s much less stressful vs. trying to fit in trading with work. If it’s a busy day, having to look at charts without any idea what to do can be overwhelming.
Had to wait for my short GBP/USD for weeks before it became profitable!
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Well done I agree…
Nice!
Sounds like you found your Niche! Congratulations
KC
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How’s it going?
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Hey traders,
Sorry for the late update.
My balance is $521 now. Last week it was a bit confusing because positive US numbers had been released and still the dollar weakened after Wednesday. However, on Monday and Tuesday I raised my balance above $600, for the very first time ever.
I only traded the Dollar index last week (DXY). It’s interesting because the DXY weighs against all the other currencies. The EURUSD moves exactly the opposite direction so it doesn’t really matter if you trade the EURUSD or DXY, I think.
But I couldn’t open a small position with the DXY. Couldn’t input 0.01, only 1. So I had to risk a bit with it. That’s why I got above $600 then, confusingly, below $500. After that I managed to get it back to $521 by Friday.
I think technical is as important as fundamental analysis. Even though there are positive numbers getting released, it can be still bearish because of the technical side… I guess… Just look at the DXY last week and you’ll see.
I still think the Dollar is going to strengthen in the long term. BUT… the mid-term election is happening this week so I’m a bit afraid of trading. Anyway, I still think I’ll open a few positions according to daily and weekly charts. (any pair)
Well, I’ll update later this week, because you know, I’m a swing trader. 
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Balance is $535.
The $$$ strengthened last week and I took advantage of it. Next week I think it’ll be the same. Looking forward to it.
It’s so refreshing seeing updates regarding your balance and thoughts about how the week was. Hope you don’t get tired of doing this - you have folks like me reading them!
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Thanks for your kind reply.
I like to update it at least once a week. It’ll be great to read it again some time later… And hope others can benefit from this journal.
Update coming soon. I’m shorting a few pairs.
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