Decided to start a new trade journal because the old one is just too old. So - Hi all - again - long time no chat. Currently 1 month in, looked at my account and has $12 left from 3 years back, traded it to the max, got up to $18 and then lost it all - not unexpected since i was trading it to the max.
Then added $500 to my account to make back my $18 - lolll and made it back easily and currently Im at about $710
I will be adding more cash but not right now - just first need to get used to things again.
So welcome aboard if you will be following
I also started a demo account again at the same time and set it to 100K and currently i have 118K in 2 weeks
i dont want to be trading with much risk so i will tone down to much more sedate percentages.
Goal for demo account. about 5000/month (5%)
Goal for live - maybe 10% per month
Started studying and formulating new Strat last August. Did a ton of back testing through the end of the year, then found Baby pips late in January. I have been doing better than expected, and I give a lot of credit to these forums. I post absolutely everything in my Journal here. My current 8-week experiment is chronicled there starting Feb 24.
The daily holding costs are staggeringly higher than long ago when i started trading. So one of the things i will try and do less is keep trades going through weekends. And in general trade less but more effectively. Or alternatively to let positive trades stay open, but its my habit to harvest any gains and not just leave them, though i may need to change that.
My goal on percentage profit ranges from about 5% to 10% per month. i have got about 40% profit per month this month so have to tone dwn the risk significantly
