Tradingjournals Quest... Turn $100 To $100K or To Ash

Quote from shortie:

tell me if this is incorrect:

145 pips ~1% gain
0.5 leverage =0.5% or $0.5


why is the leverage so small? will you use higher/lower leverage depending on your confidence in a given signal? what's the max leverage allowable for this account, 20x?
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leverage ratio is 0.5. You get it right. Why small--- could I skip this one as it is part of a money management I am trying first time? If it works, I might keep it "a secret". :)

Max leverage: it is function of multiple variables. In principle it could even reach the max allowed by a broker (40?). For the moment 0.5.
 
Quote from shortie:

ok

i am sure you would retract your last statement if you saw some of my trades :)
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I rarely encounter too humble people, and you are one of them.

I currently find that emotion may probably be an even more important trait than intelligence in trading. I am almost certain to score a D/come last in emotion.
 
e/u at 1.4288. Covered short for +6pips. Did not like my last entry, and also will not be able to follow it. I would also have considered a long trade here (1.4285) for possibly around 20 pips, but since I did not like the last trade and did not do a through analysis, I will stay on the side, and would wait for a short signal if I can back later and if it goes up to a good short point.

Number of trades: 3
Cumulative gains: 151pips.
Cumulative losses: zero

Note: I did not like my last trade. Was due to impatience. Left with +6pips.
 
1. Why are you trading when the spread is 7 pips?

2. You're trading with $100. Use the leverage.

3. You're wasting your time trying to turn 100 into 100,000.

The gains you need are not just astronomical, but you've also got some pretty serious opportunity costs.
 
Quote from athlonmank8:

1. Why are you trading when the spread is 7 pips?

2. You're trading with $100. Use the leverage.

3. You're wasting your time trying to turn 100 into 100,000.

The gains you need are not just astronomical, but you've also got some pretty serious opportunity costs.
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Thanks for your note. Good comments. I will respond in a future message (now short of time).

E/U is now at 1.4371. I am considering a long entry between current price, and possibly a dozen pips lower if this happens in near future.
 
Quote from tradingjournals:

Thanks for your note. Good comments. I will respond in a future message (now short of time).

E/U is now at 1.4371. I am considering a long entry between current price, and possibly a dozen pips lower if this happens in near future.
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what markets can you trade with 100?$
 
Quote from tradingjournals:

Thanks for your note. Good comments. I will respond in a future message (now short of time).

E/U is now at 1.4371. I am considering a long entry between current price, and possibly a dozen pips lower if this happens in near future.
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Closed at 1.4382. +11pips.

Number of trades: 4
Number of trades with gain: 4
Number of trades with loss: 0
Cumulative gains: 162pips.
Cumulative losses: zero
 
e/u at 1.4372. Back in on the long side. Would give this one more room in case in it goes down. If it goes down, I might add in I am around and if a good entry arises.
 
Quote from tradingjournals:

e/u at 1.4372. Back in on the long side. Would give this one more room in case in it goes down. If it goes down, I might add in I am around and if a good entry arises.
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e/u at 1.4412. Take profits.

Cumulative gains: 202pips.
Cumulative losses: zero
Number of trades:5
Number of trades with gain:5
Number of trades with loss: 0
 
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