I’m going to start posting here regularly about my trading journey as a way to motivate myself and, more importantly, to stay accountable. I began with £34,000 in my Forex trading account, and my goal is to consistently make a profit of around £300 per week. Since I trade at £30 per pip, that equates to aiming for roughly 10 net pips of profit each week.
Last week went extremely well — and I consider myself very fortunate.
2nd May to 8th May 2025** Profit/Loss: £4,462.20 (148.73 net pips profit) % Profit/Loss: +13.12% Current Balance: £38,462
I’ll be sharing updates like this daily/weekly, so stay tuned!
Thanks for posting! And it’s nice, in a forum, to see someone whose overall target is a very sensible just-under-1%-per-week of the account, rather than anything outlandish and fanciful (like most of them!).
I actually don’t use any trade tracker or journaling tool right now. I mostly scalp — my trades rarely last more than a minute because I get stressed holding positions for too long (it seriously messes with my sleep!). I do some day trading too, but only when the trend lines up clearly with support and resistance.
Do you have any suggestion for a simple and fast trade tracker or journal that works well for scalping. Ideally something quick to log trades, easy to review later, and maybe gives a few basic stats.
A quick update — things were a bit tricky yesterday. My usual method didn’t work out and I ended up with a loss of £1,470.
Today started off cautiously — I spent some time observing the market before entering a few decent trades. I think I was also a bit lucky today, ending up with a profit of £3,521.
I need to remind myself how important it is to protect my bankroll. I need to trade less frequently and be more careful with each trade. It’s easy to get caught up in the moment, but I have to keep reminding myself that every trade carries risk. I must avoid rushing into positions and stay calm and focused at all times.
Before entering any trade, I should carefully consider whether it actually has a realistic chance of working out. If I find myself on a losing streak, it might be best to step back for a while. And if needed, I won’t hesitate to reduce my position size and trade smaller until I regain full confidence.
This week is coming to a close, and honestly, I’m feeling a bit down — not because I had a losing week, but because I know I could’ve done better if I’d been more disciplined.
Even though I ended the week with a positive result, I’m disappointed in myself for not sticking to my plan. The main issue? My position size was too big, and I let emotions get the best of me when the swings got rough.
Here’s what happened:
I’ve been mostly scalping with £30 per pip — small wins, small losses, just a few pips here and there. That’s worked okay. But when I started taking longer-term trades with the same £30 per pip size and a 60-pip stop loss, one losing trade meant a potential £1,800 hit. That kind of risk can wipe out weeks of profit in one go.
So the lesson here is clear:
Goal for next week:
Reduce my position size significantly when trading longer timeframes.
Have a weekend all - hope one day there will be no war
I just withdrew £200 in profit and adjusted my starting bankroll from £34k to £33.8k. I’m going to use the money to treat myself — new garden chairs, some gardening tools, socks, and a few other little things. It feels good to enjoy a small reward as encouragement. After all, what’s the point of working hard on trading if I never let myself enjoy the results?
This week’s trading felt like a bit of a roller coaster — lots of ups and downs — but thankfully it ended on a positive note. I’ll be wrapping up my trading for the week now and looking forward to what next week brings.
Oh, and one more thing — my broker called today and offered me a free golfing day. I told him I don’t play golf. Then he asked if I wanted a free ticket to an Aston Villa football match. Not really my scene either, so I said no again. He then said, “Let me know if you’d like any free tickets — just give me a shout!”
Either way, it was a nice gesture.
Have a great weekend everyone! Remember, trade safe — securing your bankroll is the most important thing.
Just withdrew £1,800 to cover some holiday expenses and personal spending — so I’ve adjusted my bankroll from £33.8k down to £32k.
Also took a small short position on the DJ30 before Friday’s close, and it looks like it might have been a decent call. Let’s see how much the market drops tonight!
Good luck to everyone for the trading week ahead — stay sharp and trade safely.
There were also reports circulating last Saturday LEAKED from Israel suggesting that the U.S. would strike Iran just hours before the attack reportedly took place. In response, the crypto community reacted quickly, hedging their positions as the odds of a U.S. strike spiked significantly, pointing to the imminent action this morning. The market is far from transparent.
