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Very good :D

Keep your head up, shit does happen (trust me). You know what the next step is - scale down or stop until those trades no longer bother you and you understand why things fell apart so quickly.

Time stops are equally important as pip stops - if it doesn't go your way within a certain time (2 or 3 candles, etc) it is good to get out. It is a frustrating feeling, as you found, to get stuck waiting for something to happen in a sideways move - just exit and move on to a better setup...

Right - along those same lines, I used the indicators as my structure while trading, something to give me a sense of security (albeit false) in an random place. Because of the rigidity, I would not get a lot of setups, which is OK, but I would open too many revenge trades when those few setups...

IB is good (~0.5-1.0) and Oanda is fine (0.9+). EDIT: IB you've got the spread plus min $5.00 commission.

I just use 2-17" Samsung LCDs, so 4 charts at the same time is the most I am comfortable with. One screen is for charts, the other is for order entry and monitoring. Charting is the thing I like least about Oanda. There is really no flexibility... times are rigid (1, 5, 15, 30 min) and I...

Update for week ended 4/11/2008. Increased the position size up to 5K this week. Since moving the account over to Oanda, I'm not able to customize the charts the way I had and prefered with IB+SC, so my setups aren't always as clearly defined. To compensate, I am watching 4-5 pairs instead...

http://www.forexfactory.com has a nice simple calendar. http://www.fxstreet.com if you're into other people's opinions.

I'm game too.

I wake up a 3 hours earlier than I need to for work. This gives me a good 2.5 hrs and a set trading time every day. EDIT: Those 2.5-3 hrs are the only time that I try to think about trading. This works better than trying to fit sporadic times into the day for a quick scalp. If you're going...

It's nice to have a summary journal here at ET - there are many respectful traders here with excellent insight. At the same time others can learn from my mistakes and see the struggles (and $$$) a person goes through to learn such an "easy" profession. :) Looking forward to you starting up...

I appreciate that dejatrader. This last loss wasn't the largest, but it was the most painful for me and I now know what it feels like to be broken. I wanted to run and hide and change everything - but I've never wanted to give up. I re-evaluated everything in the hopes of finding something I...

Update for week ended 4/4/2008. Quiet like last week, but felt good - and was able to catch myself in the process of some bad trades. Been 3 weeks on this 1K position size, so I will increase to 5K next week.Date P/L Pips Range Size W L S Monday, March 31, 2008...

I try not to poke fun at people, but OMFG... BNB or Spirit or Jay or whatever-the-fuck-it-is is a total nut job!!! Hell, even the mouth-breathers at that genmay.com forum agree.

Keep your position size down until you quit trying to make up the loss.

Update for week ended 3/28/2008. Pretty quite week but wasn't letting trades run too long for some reason. Wasn't feeling real well so that probably had something to do with it - so I cut back. Planning on continuing the tiny position size next week.Date P/L Pips...

shabushabu, don't make the mistake of adding more money into your account in an attempt clear up your draw-down. This won't help - just take it one day at a time and watch your position size. Good trading.

I would recommend you only focus on just a single pair for at least 6 months. Get to know it like the back of your hand... what news typically affects it, what times are good, etc. Once you are comfortable, move up to 2 pairs. Depending on what times you plan to trade, you'll typically find...

Update for week ended 3/21/2008. I've cut down the position size to almost nothing - so I am essentially paper trading. I wasn't perfect this week, but overall I'm very happy. Monday I made a ton of trades (compared to usual) because I came out swinging and said "I will love losers" and put...

As much as I dislike paper trading, it is the most profitable thing you could be doing at this point. Remember - it can get worse. Good luck.