Trading journal of a discretionary newbie trader

Trasimaco - great exercise today in self control - many people would have panicked up at 30 and exited at a loss, also good example of moving a stop to just outside of trouble, many thanks.

You are welcome. I am happy if I gave you something. Sometime moving a stop can be a good choice but after all is a bad habit mainly for who like me is not very good to take a lose.

This could easily bring you to the dark side of the margin call.

It is a very hard game. It is a long journey. It is a mission impossible. I will just do my best…or at least I will try harder.

Both Japan’s chief cabinet secretary Suga and Japan’s finance minister Aso saying there was no truth to the report that Japan’s PM Abe had instructed a corporate tax cut.

Short USD/JPY at 97.70

SL 98

Moved SL at 98.30

The momentum is very bad. Let’s see after Tokyo will close.

I should have cut the lose early. Maybe even at break even. Feel like I am on the wrong side of the market.

tras, trading on asia time frame only ?

I trade mainly during the London session as this is the time when I am awake.

Reversed my position from short to long at 98.10

Lost 40 pips

Total: +111 pips

i see, u trade base on fundamental , does it affect your emotion when price go opposite u ?

Controlling emotions is definitely the most difficult part in Forex trading to me! It is a really hard job.

[QUOTE=Trasimaco; 519092] Reversed my position from short to long at 98.10

Lost 40 pips

Total: +111 pips [/QUOTE]

Closed at 98.54

+44 pips

Total: +154 pips

Need to learn better to buy deep and sell high… Most of the times I do the opposite!

I could have kept it open longer. It will probably keep going up but I was a bit overlaveraged. Yes I never learn my lessons unfortunately!

Now I will hopefully wait for a short retracement and look for an opportunity to enter again long!

Please guys do not follow my example as I am very far away from being a good trader.

Work in progress!

Nice one TRAS Well , no risk no gain, saw the opportunity , shorted the GBPUSD instead of EURUSD which i am targeting. i am always very nervous.

News were pretty good but now will come Philly Fed Manufacturing Index with a forecast of 15.4. Hard to beat that. If we beat it the pair will go way up for sure. If we don’t, we could see some retracement. Maybe we will have some take profits before it. Who know!

Don’t know. Like always, maybe I should be out of the market but I am afraid to lose the train. Just let’s hope I won’t take the wrong one like in most of the cases! :slight_smile:

Long at 98.47

SL: I will think about it!

Good luck with that!

why dun place your buy stop abit more higher, maybe at around 98.64

thanks , got a 36 pips and i close it, taking nap, talk to you again. Good Luck

I wish I could catch all the pips but it is not always possible! :slight_smile:

And also I wish I would have more patience to get better Entry. And I also wish I put tight stops and to respect them.

Look at that! I could have had an entry at least 15 pips cheaper! And it is still falling. We have almost reached the pre new level… grrrrrr

Closed at 98.40

-7 pips

Total: +147 pips

Today there were pips to be made. But I didn’t! I wish I would follow more my good ideas and dump the bad one! Let’s see once London close where NY trader will bring the pair. Up or down?

I am looking for Long opportunities.

So as you know, go short and make a lot of money! :wink:

Long position at 98

I could have bought at a better price. Way better!

SL 97.80 (moving at break even as soon as possible)

How do I do it? Seriously! How do I do it? How can I always buy in the worse place!?

Come onnnnnnnnnn!!! Grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr!!!