When Chaos Strikes

Ok I took 3 trades with the JPY and they went against me. Fred sanford when call me a big dummy. Balance: $2566.75. Damn.

Moving On Up

I made a dumb trade last night, but this afternoon got in on a good move and profit $727.20. Let's work on consistency. Balance: $4458.34

Getting Better...

Ok this week is off to a better start than last week ended. 8 out of 10 winning trades. I have found that I trade better in the afternoon or PM times, so that is what I'm going to stick to. Current balance:$4131.53.

I Call Mulligan

Ok I'm starting over with a new demo. Basically calling a mulligan. I don't play much golf, but you get the idea. I need to manage my paper money better (i.e 3%). So started the day with $5000 and currently at $4438.66 after 4 losing trades.

Eternal Sunshine Of A Spotless Mind

You may be wondering why I came with this title... two reasons. One I rented it and fell asleep on it. And two I must have forgot my training because I'm getting killed in the market. In two days I have managed to lose more than $1300.oo. I attribute this to my lack of discipline and I need to review the system. Let's see if I can get my mind right....

Not A Bad Start

Ok I really need to review the FFE system rules because I took some trades that I should not have. A USD/JPY loss of $194.48, then I closed out USD/CHF at break-even, followed by $40 loss on the GBP. Then some winning started kicking in: made $176.56, took a $80 hit on the Euro. Finally to end the day, made $230 on both AUD and NZD. I started this morning with exactly $5000 in my demo account and it now sits at $5322.08. Not bad at all.

Ok I cheated

So I was a little excited about starting my training. On my other pc, I did some practice trading yesterday. Let's consider it a scrimmage. Well I loss a little (10%) then the EUR showed me some love (25%+)! Today I looked back after the market closed and I saw the opportunity to make about 80 pips. Not bad for a Frida, the day of the week I usually get killed. Well Monday I begin paper trading and hopefully within 3 months I'll make some real paper on this.

So Far, So Good

I have read most of the material concerning the day trading system and much of the material that covers the mental game. I read it twice and now I am very comfortable with it. It is not a difficult system. Although I won't start training until next Monday, I have set up my charts and have seen several profitable opportunities. I can't wait to prove to myself (and you all) that this can work with paper trading, then on to the real money....

In The Beginning...

Ok after months of consideration of my options, I have decided to go the education and mentoring route under Strategic Trading Systems and mentoring by Jon Levine. I put in a lot of thought and research and I read 99.5% good things about his system and mentoring. I'm off to read about this system. Let's see if we can get it done....
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