My trading goal for 2024

Tbh, I told a good friend that I’m scared of posting about my trading because even after all this time, I wouldn’t say I’m a successful or consistently profitable trader. :sweat_smile: I was scared people would judge me and ridicule me for being a failure LOL but I’ve decided that this is the community where I feel the most safe and accepted. So if I can’t share the ups and A LOT OF DOWNS in my trading journey :sweat_smile: , then I can’t share them anywhere. :sweat_smile:

Please bear with me! :pray:

1 Like

I’m currently watching the EURUSD. :thinking: I’m not sure about the direction yet, but I’m hoping price continues to go up. :pray:

I’m currently monitoring using the HLHB with 10 and 20 EMAs btw. :open_mouth:

So I’ve decided to open a quick long position for the EURUSD. :open_mouth: I got in @ 1.06961.I put my SL @ 1.06226 and my TP @ 1.07541. :open_mouth: It’s still currently in the green, and looking bullish on my system. Anyone else long for this pair? :blush:

I’m worried price would move against me so I’m going to adjust my SL before I go to bed tonight. :sweat_smile: I don’t wanna wake up to a stopped out trade. :sweat_smile:

Another system that I would want to try out since it’s also pretty close to the crossover system that I’m already using. :thinking: If you guys have any recommendations on systems and strategies, I would love to hear about them! :blush:

It doesn’t help that the OP has been banned, but this was recommended by a friend. :sweat_smile:

Moving my SL to 1.06643. :blush:

good luck with your trade! :blush:

1 Like

We’re all on the same journey! Of course, share what you feel comfortable with. But every single person who attempts trading experiences the same challenges: understanding a strategy, live application, emotional control, etc. We may have different life circumstances, but the struggle is the same.

Anything you’re embarrassed about, there are tons of people embarrassed about it as well.

Trade on!

1 Like

Hi guuuuys! :blush: Sorry if I wasn’t able to give an update on this trade. :sweat_smile: But I hit my TP! :blush: It’s not much but I thought it was a good start. :blush: I got a bit overconfident though so I did open another long trade for this pair right after hitting my TP. :sweat_smile: I ended up with a loss for that trade since price started to move the other direction.

Thank youuu! :blush: Good luck with yours too, if you have any open ones at the moment. :blush:

Thanks for the support, dushimes! :blush: I’m a bit more comfortable sharing my trades now because of the support you guys have given! :blush:

I’m currently monitoring EURUSD again. :thinking: There’s a possibility that my MA’s would once again cross so I’m probably going to be waiting for a bit. :sweat_smile:

I checked my 1H chart and my MAs have already crossed on that time frame but I’m worried I’d be going in again too early. :open_mouth:

That is good to hear. You are definitely in the top 10% of traders when you are brave enough to post your trades before the results are known. As you well know, when somebody posts trades on here after the event, they look like scammers, and may well be. I am praying for your good success, and for that living room suite to come to you in 2024. :pray: :star_struck:

3 Likes

way to go! :joy:

1 Like

Keep your eyes on the prize! It’s not just about buying a sofa. It’s about being determined and continuously going after your goal.

1 Like

It’s interesting to hear about your alternative approach to furnishing your home and making trading profits along the way. I’m curious, how do you assess the quality and condition of second-hand items to ensure they’re worth investing in? And how do you navigate the process of obtaining bank loans for these purchases?

1 Like

Hi,
For furniture items, I aim to pay between 10% and 20% of new list price. In the UK this is easily achievable on ebay or local items for sale Facebook groups. I assess the quality from the seller’s eBay rating, and the photographs provided. I look for typical popular brands, Ikea being very big in the UK. For electrical goods (washing machine, cooker, TV, tumble dryer, diswasher, I seek new items with slight cosmetic damage at a maximum of 50% of list price. Often the warranty is still applicable, and the cosmetic damage is at the rear or sides of the item so when installed, nobody can see it is scratched or dented. Over the years I have bought about 5 of each of cooker, washing machine, tumble dryer, fridge or freezer, all at most 60% of list price, and I have not had trouble with any item for single let properties. Just be careful with multilets or student lets where the appliances can get abused. Other stuff like Dyson vacuum cleaners can be bought for as little as 10% of list price and often just need cleaning or a $10 replacement part. At such low prices, you never need to finance items. You can use rent cash flow to fund such a “hobby”. The master of this art in the UK is a gentleman named Jim Halliburton who I have had the pleasure to meet on a few occasions at landlord property meetings.

2 Likes

What advice will you provide for beginners in this area? And did you experience any unexpected challenges or lessons learned along the way?