New tradergod new journal

CALLumbus said:
I really salute the efforts and the honesty of the OP. But his trading shows exactly why so many traders suffer, following textbook style trading that is preached like a mantra all over the internet ("you have to go with the trend", "dont fade the market", "you have to use (hard) stops", "your reward must be much larger than your risk").
I dont blame the OP skills for the weak results. I really appreciate that he is posting honest results here, even if they are not that great. He shows where you get with that textbook style trading that all those vendors, brokers and articles try to convice to apply.

http://www.financial-spread-betting.com/Thousand-stops.html
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the fact is there is no easy way to really succeed in trading,there is always risk ,and unless that can be measured no one can really excel.
trading small is the only way but then the reward is also small so capital is also critical.
it is extremely difficult
 
Sweet Bobby said:
My money says you are the worst trader on ET! No way you’re profitable unless you put on one trade and by chance it happened to go your way. With that said, however, you are very enntertaining. I can’t wait to see how long it takes you to lose you $14 bankroll!
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Sour bobby
 
long eurusd i am trading monthly time frame now.....you can see it says M1
d14.png
 
I see some potential issues here. I do think this is a great example as someone else stated. Just some ideas

Issue 1: too many time frames. I’d say pick one and go with it. Perhaps I can see trading daily and weekly.
5 min and 15 minute. But going all the way from 5 minutes to 1 month is a lot of time frames. I fight this fight too. Just try not to master too many time frames.

Issue 2 small time frames are hard in forex. Assume a 2 pip spread, this means 4 pips is gone on order execution. So if you’re trading for 20 pips with a stop of 10 pips you’re already -4 you need 24 to get 20 and -6 to hit 10.

Issue 3 undercaptitilization. Maybe you’ve thought of this already. Since you have a small account I would Consider a different method of how much to risk on the trade vs allocating let’s say 1-2% to risk. The risk would go as follows. So how much can you fund your account per week. Let use an example of $50 so if you can contribute $50 per week I’d say you figure out how many trades you average and risk $50 per week. If you can contribute $100 per week risk $100. But what this will do is prevent a drawdown to your small account size. Weeks you hit max loss after deposit you’ll be back at even. Weeks you do better your account will grow.

I’ll going to follow this too. Rooting for you.
 
FXbeachbum said:
I see some potential issues here. I do think this is a great example as someone else stated. Just some ideas

Issue 1: too many time frames. I’d say pick one and go with it. Perhaps I can see trading daily and weekly.
5 min and 15 minute. But going all the way from 5 minutes to 1 month is a lot of time frames. I fight this fight too. Just try not to master too many time frames.

Issue 2 small time frames are hard in forex. Assume a 2 pip spread, this means 4 pips is gone on order execution. So if you’re trading for 20 pips with a stop of 10 pips you’re already -4 you need 24 to get 20 and -6 to hit 10.

Issue 3 undercaptitilization. Maybe you’ve thought of this already. Since you have a small account I would Consider a different method of how much to risk on the trade vs allocating let’s say 1-2% to risk. The risk would go as follows. So how much can you fund your account per week. Let use an example of $50 so if you can contribute $50 per week I’d say you figure out how many trades you average and risk $50 per week. If you can contribute $100 per week risk $100. But what this will do is prevent a drawdown to your small account size. Weeks you hit max loss after deposit you’ll be back at even. Weeks you do better your account will grow.

I’ll going to follow this too. Rooting for you.
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you are sweetfxbeachbum...:D
actually that is one minute time frame
 
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