Hello to anybody who would read my thread.
I'm writing this trading journal maybe not for anybody else's benefits,
but for mine.
So if you're happen to see my sad story, plz do leave some merry comments. . .haha that will be appreciated.
I started trading stocks when I turned 18yrs old.
Since I'm a Korean, who studies at the States,
I have a Excellent knowledge in Korean market.
And that's where I started my trading expertise.
After having somewhat prosperous trading expertise in Korean stock markets,
I decided to try something new.
Which happened to be FX trading.
I started FX trading on a month before,
with initial account deposit of $250.
After 3 weeks, I'd made amazing returns in my transactions,
so my account balance was as big as $2220 (profits were $920 and I decided to put extra $1000 into my account)
With this quick profits,
I became maybe too excited.
I started ignoring any comments from FX analysts and began to analyze Eur/USD pair.
I made a huge mistake just this week.
After going through a dreadful mistake, shorting this pair, I ended up losing most of my account balance.
I have little over $500 in my account.
Although I'm really disappointed at my reduction,
I'm not ready to leave FX trading.
That I am going to stick around and become profitable again.
There will be several rules I will follow.
For now:
1. Compose daily journals: what I have done properly and made mistakes on.
2. Withdraw weekly profits from my account.
3. Do not hold 1 position for quite a while if the overall trend is going agains my position.
I'll be adding more rules to my first 3 rules up there as I continue writing my journal.
Everybody makes mistakes, but people who learn from their mistakes become successful traders.