My Trading Journal: February 2015

Hi,

It has been 13 Trading days since I started with 100 Trading Days Challenge on the 2nd of this month. I therefore thought of publishing an update to the stuff that has happened since then.

Here it goes:

1.     It has been 17 days since I first opened a deal on the Monday, 2nd of February this year.
2.     In those 17 days, I put in 13 limit orders.
3.     I went by my philosophy of Buying and Selling Trades on alternative days.
4.     Out of 13 limit trades; 5 got triggered.
5.     All those 5 closed touching the stop loss of 5 pips.
6.     All those loss making deals were BUY ones.
7.     I re-invested 50 dollars into my account as I had run out of initial equity of 50 dollars.
8.     Currently I am at 50 dollars which means I have lost 50% of my entire equity.

Now comes the important part.

DO NOT FRET. STAY IN THE GAME AND HAVE FAITH IN THE SYSTEM.

Keep following my Trading Signals on Twitter and just wait for the system to turn to your favor.

And anytime please get in touch with me for any concerns.

Also uploaded the real-time view of my Trading account.

My Trading Account after 13 Trading Days

It is a big HELLO since it has been a long while that I have updated anything here. I have been busy as usual doing a lot of stuff in my life (as usual).

All this while I earned a lot of money with my usual trading plan and therefore had been chilling in my life. All this while I wrote few articles, created stuff and cooked food and had lots of that cooked food.

Along this while I kept on receiving mails of people who follow this blog and also my related Twitter profile.

Most of the mails had the same concern, which is How to Go About Trading ?

This kind of question always perplexs me, cause I have been listing my trades and philosophy on trading on a regular basis on this blog, but still people find it difficult to trade.

Hence, I thought of putting a little ease to this concern.

That is when I came up with my 100 Trading Days Challenge plan.

Although the name says it all, but if I were to summarize in a sentence, then it is the "100 days of trading leading to a determined set target of Profit. "

Again I can get into bits and pieces of explaining that particular summary into a detailed post, which I shall surely do in days to come. But for the current time scenario, I am keeping things simple and so the one liner summary is sufficient.

Now a few pointers regarding this 100 Days Trading Plan.

This plan debunks the popular myth that Currency Trading is only for the biggies. Small time retail investors just lose money. Just for the records, I have invested a mere 50$ into my trading account.
Since I have invested a small amount, so I am sticking to just the Commodity trading with the ever so popular shining GOLD. My trading broker allows 2 units of trading it, so it works out fine with my current deposits.
I go with the Limit orders every day, so within 100 Trading Days I would have 100 limit orders in my account.
I go with both BUY and SELL options on alternate days that is one on each day.
It is very likely that by the end of this 100 Trading Days, many of the limit orders might not have executed.
My current goal is to generate a minimum of 3 times my initial Principal amount. Hence, by the end of this challenge, I should have 150$ in my account.
By my current strategy, I can take about 5 consecutive losses before my account gets to completely zilch. In that scenario or if anything similar comes up in the future during the course of this challenge, then I shall fortify my account with another 50$.
I shall be posting my limit orders by about half past 12 PM IST either here or on my twitter.
If anyone is with me following this plan, I urge you to stick to it, because it actually works.
If you are a novice trader, then seriously stay away from this challenge as you will not understand a thing and in that scenario you are going to lose money and then I am seriously not responsible.

Apart from this if there is any clarity required on this, please get back to me on the comments section below this post.

And I have updated my today's limit order on my twitter. Do have a look.

Since we all live in this insecure World, I insist on proofs, and hence provide one even when not asked. The image inserted is what I am talking about. Do not worry on the pending bonus thingy, that is the added perk I get from my trader for trading with them.

Good Luck!