stopped at entry.
Not so interested in the overnight risk on a Friday so closed my last set of trades.
So on day 7:
[B]
of trades: 8
of winners: 4
of breakeven: 1
pips profit: +36.5pips
current balance: $51.07
% profit: 6.4%[/B]
I am very happy to be back at my starting balance, and also very happy that I started this journal. I learnt a lot about myself and it really has been helping me with becoming a disciplined trader. Looking forward to continuing on this path as well as reducing the number of trades I take per day.
Have a great weekend.
I read this somewhere here but can’t find the original poster so I copy pasted and am quite liking it for helping to really tell me who/where I am:
[B]Level One
Beginner Trader - Studies and paper trades for a minimum of one month with pretend currency, gaining
the experience required to establish a track record of profitable performance.
Level Two
Advanced Beginner - Trades one or two lots with real money, learning to overcome emotions and at the
same time, establishes a track record of making money.
Level Three
Competent Trader - Trades with control over their emotional distractions. Utilizes proper equity
management and achieves a positive financial return.
Level Four
Proficient Trader – Trades with confidence, education and experience. Achieves positive financial
returns.
Level Five
Expert Trader - Instinctively executes profitable trades without emotion.
Read more: 301 Moved Permanently
I bagged all my pips as I see a long setup at the current price on the usdjpy daily which means all my green could vanish or turn to red.
So, the results:
[B]# of trades: 9
of winners: 8 (all actually won I just bailed out of my audcad to early)
pips profit: +144.6 pips
% profit: 24.12%
balance: $66.23[/B]
I took 5 unposted trades on Friday which yielded +28.3pips and which closed last week with $53.69
