by CPTRADER » Tue Dec 22, 2009 5:31 pm
Hi,
Ok, i am back.
I am starting with $4,400 of capital.
As right now i don't have any open positions.
As soon as i place the first order, i will update it with the price i entered, stop lost and posible profit target.
I risk last than 3% of the total account size on any giving trade.
I trade any pair as long as the spread is not more than 5 or 6 pips at the moment of placing the trade.
Monthly goal is to make 10% of profit or more, of cource.
If i am in a trade, i only enter an other trade if the current trade is in profit for more than 3/1 R:R Ratio of Profit.
I trade placing the orders on 4 H TF, but first , look at the Daily charts to make my decitions.
Trades will last from one Day, to two weeks.
The main reason i am doing this jurnal is because i want to make a $1.000,000 trading the Forex Market.
I know every one wants to make that and more and it is not an easy task, but with a trading plan, patience,discipline and an opened mind, i will get there in 5 YEARS...yes, 5 years. Fore some people, that would be to much time but for me it is realistic.
I don't know if i am going to be able to make 10% per month, there are going to be bad months and good as well, so, the good ones are going to make for the bad ones.
I will keep you up date on what i am doing.