My trading journal- 500$ to 500k

Beginner Questions
1

i´m new in this wonderfull business, but i had already completed the babypips school and passed the last year reading and watching videos about trading… already blow a million dollars in demo accounts, so now is time to trade my own money.

i had now 500$ on my account. i will trade only from london close till asian opening, because is my only time available.

i will trade 0.01lots per ever 50$ in the account (i know is too much leverage) allways with SLs and TPs, always based on techinical analasys of the price action alone.

i will post here a pic of all my entrys and a brief explanation why i had entered that trade.

what i would like is that seseoned traders to give me their opinions about my analasys and about my explanation of the trades.

i hope i can learn how to make the thread title true :slight_smile:

thanks in advance

2

day 31-01-2013 balance: 500$ - 0.1lots

first week

1011×248

3

Good luck. This will take a very long time to complete. Focus on trading successfully before anything else.

4

popper99— " already blow a million dollars in demo accounts, so now is time to trade my own money."

huh? :eek:

5

can´t lose demo money forever… need to feel how it is with the real thing :slight_smile:

6

thanks. it can´t take very long because i need that half a million to my summer vacations… i´m tired of having a poor guy´s vacation

7

In all honesty, you will probably just lose the $500 if you’re not profitable in demo. Are you trolling?

8

i don´t know what is trolling. and i know that i will lose the 500 account. but the next level is to trade live and lose the first account, and i want to learn the more as i can while doing that.

if good traders give me some good tips along the way and i learn how to trade well, then that 500$ will be a lot cheaper than most of online courses outthere.

9

1024×462

this is my first trade. pending sell at the previous swing low.

reasons for the trade are: in 15m TF it broke the up trendline of the day. in H1 it made a pin that broke the yesterday high failing to close above that high, do i consider that pin as a stop hunt candle and it determine the bias as short in H1. in dailly there´s some divergence in stochs and there´s room for a 80 pips retracement tomorrow. so a 14 pips SL trade seems good

10

Just trying to save you money; If you know you’re going to blow the $500 but are “ok with it because it’s cheaper than online courses”, I suggest reading more free info, be it from baby pips or books (I like The Nature of Trends by Ray Barros, more towards higher time frames though).

That book costs $90.00. Which I considered to be a TON when I bought it, but since you are about to take $500.00 and light it on fire (most likely), might as well get some educational material out of it and burn $410.00.

Either way; good luck and good trading.

11

0/10 terrible troll would not read again

12

Can’t see on my cell phone what pair this is that you’re trading.

13

Looks like the eur/usd mate

14

So… You want to turn $500 into $500k when you haven’t been able to make money on Demo?

You have a better chance of betting on black 10 times in a row and compounding your winnings. Sounds easy right?

That would get you $500k.

15

i will only trade eur/usd.

trade didn´t trigered…

16

Be glad to it didn’t. Look at eurusd from a daily chart. It’s bullish. Making a short against that would be taking on more risk than necessary.

17

gluck bro! Prove us wrong!

18

Popper,

Good luck man. I hope you make it, or at least learn valuable lessons from it. And ignore what the others say. If this helps you in trading, go for it. Each deserves its own learning curve.

19

thanks.

that´s really my intention. learn the practice of trading by trading real money and interacting with other traders… the theory i already know by a full year studing all that i put my hands on :slight_smile:

20

A ‘live’ dollar lost is worth more as a lesson than any lost trade on a demo…:slight_smile: