Just over $7k.
Financial Freedom Day Trading Journal
- Thread starter Money Trust
- Start date
I've been trade mostly micro contracts and .0-.03 lots in forex. Small trading.That's great. Keep going.
I believe that's the way to go with your current account size and market volatility. Get bigger as your account grows.
Short /MES trade
Entry price: 3897.75
Stop loss: 3910
Exit price: Still holding
Looking to potentially add to my position at 3824...if it gets there.
Entry price: 3897.75
Stop loss: 3910
Exit price: Still holding
Looking to potentially add to my position at 3824...if it gets there.
Short AUD/USD Trade
Entry price: 0.6311
Exit price:0.6322
Stop Loss: Stopped out
Although the trade was meant to be a quick 1:2 scalp, my stop placement was way too tight. With the need for a wider stop, this is a trade that shouldn't have even been taken.
As stated previously, I'm gonna switch to a swing trading approach (holding for a few days). Although the day trading formula is working and I'd hate to tinker with success, I do work a full-time job after all. And, what I find myself doing a lot of times is more or less re-entering the same trend. The EUR/USD for instance. I've been shorting it, but in truth, I would've been better off just holding my original short for the big down swing. My issue in the past when it comes to that approach has been patience. I'm gonna try it again but if I can't resolve that issue, then I'm back to what I've been doing.
Entry price: 0.6311
Exit price:0.6322
Stop Loss: Stopped out
Although the trade was meant to be a quick 1:2 scalp, my stop placement was way too tight. With the need for a wider stop, this is a trade that shouldn't have even been taken.
As stated previously, I'm gonna switch to a swing trading approach (holding for a few days). Although the day trading formula is working and I'd hate to tinker with success, I do work a full-time job after all. And, what I find myself doing a lot of times is more or less re-entering the same trend. The EUR/USD for instance. I've been shorting it, but in truth, I would've been better off just holding my original short for the big down swing. My issue in the past when it comes to that approach has been patience. I'm gonna try it again but if I can't resolve that issue, then I'm back to what I've been doing.