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Thread: My Weekly Live Statements

  1. #1
    Hello, I am 23 years old and I have 4 years experience in Forex trading. My intention is to manage big pool of money/work in/make a hedge fund. The main reason why I'm making this journal is because it could be a tryout for me personally. I have started trading with a $6,000 Live account. I do know that the $ 6,000 is too small and to get a mini account it may not survive within this Forex jungle therefore, I have a set of principles in your mind, and will be risking less than 6% lt;-- (Yet too much but it is my private account) per transaction and most of my trade P/L ratio will be 2:1. The majority of my transactions will be based on personal experience. 1 thing to keep in mind is I don't have any emotions in this market, '' I trust in what I do and stick to them. I will be submitting my dwell statements at the conclusion of every week or mid of week. My projected profit% per month is around 5-10%, It is because I will have losing trades and winning transactions and if combined it should add up to 5-10% net profit. If my announcement went downhill and lose around 40% of my account then it'll demone I don't have enough expertise to be trading live in this market, and will stop what I am doing quickly. So my general max loss is 40%. ($2,400). In case you have any queries or would like to speak to me in private you can MSG me, this thread will be disabled for comments. I will attach my very first statement shortly.

  2. #2
    By the way guys, 1 thing I wanted to tell individuals that are new to forex. Personally I believe that a fantastic full time trader must make at least 20 percent return on investment each month and if it doesn't happen then forex isn't worth the risk. I don't know why some people say my target is 1-3% a month I know banks that it is possible to set your cash and get 18-20% return each year guaranteed!!!

  3. #3
    Welldone...I want u a lot of success and will stay informed about yur travel

    good trading man!
    Sorry u can delete this remark...I didnt see the first piece properly

  4. #4
    Quote Originally Posted by ;
    welldone...I want u a lot of success and will keep up with yur journey

    good trading guy!
    Sorry u can delete this remark...I didnt see the first piece correctly
    Thanks and your more then welcome to post on my thread any time

  5. #5
    this is my very last announcement for the week

  6. #6
    this is the most recent statement

  7. #7
    here is the latest statement, seems like I'm at a range

  8. #8
    This is my most recent statement for now this could be my final statement for this month complete profit is 12%, I do not believe I've made any major mistakes in trading, my r/r ratio remains in good shape, successive losses are 5 transactions -$375.90 successive wins are 14 trades $1,293.12, my maximum loss in 1 trade was $110 and maximum profit in 1 trade was $237, so far so good, could have been improved, still no emotions involved, (no greed,revenge,sadness...) It is just too bad my equity is too low... just when I had $50k:--LRB- because clearly $734 is really nothing, but that isn't my intention, my main intention is the total profit in percent per month.

  9. #9
    Quote Originally Posted by ;
    This is my latest statement for now this could be my final statement for this month complete gain is 12%, I do not believe I've made any major mistakes in trading, my r/r ratio remains in great shape, consecutive losses are 5 transactions -$375.90 consecutive wins are 14 trades $1,293.12, my maximum loss in 1 commerce was $110 and maximum profit in 1 commerce was $237, so far so great, could have been better, still no emotions involved, (no greed,revenge,despair...) It is just too bad my equity is low... just if I had $50k:--LRB- because clearly...
    keep this up, no emotion is great, very impressive carry on like this and at no time u will have 50k compounded...

    great job paul

  10. #10
    Quote Originally Posted by ;
    keep this up, no emotion is good, really impressive carry on like this and at no time will have 50k compounded...

    good work paul
    Lol thanks alot for your support bro yea each 5k ill double my lots, however nevertheless likely to take quite a while. . Its just like a plant is growing and becoming a tall tree among other tall trees in a forest.

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