I started a stock trading journal but I also trade the FX markets and I would prefer to post those trades separately here.
A little about me:
Late 40's
Trading for the last 6 years.
Lost a small fortune trying to figure it all out.
Lost 3 good women.
Lost alot of valuable time.
Lost a lot of good hair.
Finally started becoming profitable late last year with some consistency.
I have a small account because I almost went bankrupt from 5 years of no income and I'm slowly building it back but it will take at least 3 more years from my calculations.
My net expenses including cost of living and trading losses over the first 5 years where $500,000 before I ever made a consistent dime from this business.
I write this journal because I want the world to see the possible reality of getting involved in this business and becoming a professional trader which I now consider myself.
I know some people will think I am nuts and I questioned my sanity to but I had strings of a few winning months along the way that inspired me but ultimately resulted in larger drawdowns.
How do I know this time will be different ?
I don't ... but I have had very good consistency over the last year and I feel like I have finally conquered my worst trading enemy... ME.
So without further delay let the fun begin and I hope I scare off some young folks with some big dreams of easy money because it just doesn't work like that and I think I am typical.
A little about me:
Late 40's
Trading for the last 6 years.
Lost a small fortune trying to figure it all out.
Lost 3 good women.
Lost alot of valuable time.
Lost a lot of good hair.
Finally started becoming profitable late last year with some consistency.
I have a small account because I almost went bankrupt from 5 years of no income and I'm slowly building it back but it will take at least 3 more years from my calculations.
My net expenses including cost of living and trading losses over the first 5 years where $500,000 before I ever made a consistent dime from this business.
I write this journal because I want the world to see the possible reality of getting involved in this business and becoming a professional trader which I now consider myself.
I know some people will think I am nuts and I questioned my sanity to but I had strings of a few winning months along the way that inspired me but ultimately resulted in larger drawdowns.
How do I know this time will be different ?
I don't ... but I have had very good consistency over the last year and I feel like I have finally conquered my worst trading enemy... ME.
So without further delay let the fun begin and I hope I scare off some young folks with some big dreams of easy money because it just doesn't work like that and I think I am typical.