Norwood's trading journal (How far I will get with $20?)

Let me explain.

I was checking my e-mail, when I unexpectedly found (un)pleasant surprise. Got free $20 from broker as a promotion. And, “when life gives you lemons”…

So, I’m going to see how quickly I will blow up these twenty bucks. I’ll open my first position on Mon.

Stay tuned. :slight_smile:

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.

Hi NorwoodFX,

Instead of trying to blow it up, why not challenge yourself to see if you can actually trade it up. Amuch challenging route, don’t you think?

Yes, I’m intending to trade it up. The reason why I said “to blow it up” is because that’s the most possible outcome. LOL

Later. :slight_smile:

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.

You can definitely trade it up if you would consistently practice and stay conscientious of your trades, trade very low risk, and use very low leverage… Good luck

This is pure experiment. Risk management and leverage will vary from trade to trade. (Low to medium).

See you tomorrow. :slight_smile:

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.

GBP/USD closed, profit $ 0.4.

I have a problem, I’m forced to use very high leverage and risk too much of my account…

Thus, I’m not going to last too long.

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.

High leverage show its face.
Suffered devastating loss of $5 (EUR/USD). New account balance: $15,4.

Seriously, I feel some kind of apathy now. I don’t want to trade under this conditions.

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.

Beginning of a new day.

Closed position on EUR/USD.
New balance: $15.67

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.

Awesome day.

Took profits from EUR/USD and GBP/USD.

New account balance $17.

That’s all for today. :slight_smile:

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.

Hit SL on EUR/USD.

New balance: 9.29.

Since I can’t open any position with less than $10, consider this venture over.

I’ll deposit new $ 100 or 200 and start new venture. :slight_smile:

Later. :slight_smile:

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.

Go to Oanda. You can trade with as little as one unit.

My demo is on Oanda. And yes, I should stick to them. :slight_smile:

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.