Juanjoexgo
11-22-2009 09:36, 09:36 AM
Greetings,
I've tried to keep track of my trades a lot of time, and it generally fails. Have decided to get serious about my trading once again (I'm a good for nothing student). Hopefully I'll mange to keep this diary going a bit longer then usual this time.
As I'm not at a computer each day, my trading is quite sporadic, and I've always wanted it to be regimented, too, what I do must provide me some enjoyment, my trading is always enjoyable, so I have embarked on a plan.
Said cunning plan is pretty simple, I'm going to attempt to swing trade on a 5 min chart. That is kind of a white lie, what I'm going to do is spend the huge majority of my time promoting peaks and buying troughs about the 5 min chart, half of my position will be removed at 2:1/3:1/4:1/where I think that the first bit of congestion will be (I have not really decided). This will pay for losses, rollover fees (spreadbetting) and so on.
The other half? Well she's a bitch. She will most likely be discontinued out, but occasionally, I could hit a trend.
Really what I'm wanting to do is get a few huge positions on some huge tendencies, making my funds (not equity) curve to look a bit like a step functions.
I understand this isn't the best way of trading, I've written a lot of things on concept, and my thoughts on adding to positions does not actually agree with this, but hopefully it will be entertaining, and if it isn't I'll post movies of my drunken antics.
Rules (I'm told I should have some of them )
1. Look, that is why there's rules, understand? So that you think before you split'em. -Lu Tze
I shall most likely break my rules sooner or later. Mainly I do not trust myself to come up with a good set of principles so we will proceed with these and if they suck then it's OK if I split them.
2. Don't move it mofo!
The usual, don't wish to be moving my stops, I don't normally...I'm hoping to trail about the daily/weekly. Won't be moving quits to new entrance stops.
3. My two cents.
2 percent risk. I don't typically follow traditionalMM (I might enter this later), thought it would be fun to give it a go.
4. The trend is the third uncle twice removed.
Now, generally, the trend is all well and good etc, but if I wish to trade against it I will, and I don't care what you say. Of course If I'm attempting to trail my rankings on the daily/weekly it's probably a good idea to go with it https://www.nigeriaforextrading.com/attachments/1527884328.png
5. F*@$ yoda!
Don't hear other people's thoughts, person I do so all the time, and I'm sure I'll split this one the very best. It is not that the information isn't good, it's just not mine. Different targets, different time frames, eurgh it gets silly. Success is a poor teacher (understand this first hand). I mean I'll hear other's opinions, but once I'm in I'm going to attempt to stick to my targets along with my ceases.
6.
6. Take the breeze and ch a few zeds
I can't work 24/7, believe me, I've tried. It works for a bit and then reality strikes you like a sledge hammer. I will most likely trade at all hours, just not continuously. If I keep up trading the Asian session till 4 I'm not going to attempt to get up for London breakouts and stay for the sell off at US close.
No longer rules, I'm sure they are more, I just can not think of them atm. I will update if I come up with more.
I shall try my very best to post charts, analysis, and lots of stats about how it's going. If I really don't harass me about it! I could even post up a few of the rubbish that I spout about on my blog.
Starting off with pretty much a minimal (#500), as I'm not certain how this will go. Trading on etx, got used to them although it's not perfect. Will trade currencies mainly most likely, but anything which could trend actually, if you need me to have a bash at something just ask.
That is about it, got to get some work done, place the rubbish out, and who knows, possibly get some analysis performed before the start.
TTFN.
I've tried to keep track of my trades a lot of time, and it generally fails. Have decided to get serious about my trading once again (I'm a good for nothing student). Hopefully I'll mange to keep this diary going a bit longer then usual this time.
As I'm not at a computer each day, my trading is quite sporadic, and I've always wanted it to be regimented, too, what I do must provide me some enjoyment, my trading is always enjoyable, so I have embarked on a plan.
Said cunning plan is pretty simple, I'm going to attempt to swing trade on a 5 min chart. That is kind of a white lie, what I'm going to do is spend the huge majority of my time promoting peaks and buying troughs about the 5 min chart, half of my position will be removed at 2:1/3:1/4:1/where I think that the first bit of congestion will be (I have not really decided). This will pay for losses, rollover fees (spreadbetting) and so on.
The other half? Well she's a bitch. She will most likely be discontinued out, but occasionally, I could hit a trend.
Really what I'm wanting to do is get a few huge positions on some huge tendencies, making my funds (not equity) curve to look a bit like a step functions.
I understand this isn't the best way of trading, I've written a lot of things on concept, and my thoughts on adding to positions does not actually agree with this, but hopefully it will be entertaining, and if it isn't I'll post movies of my drunken antics.
Rules (I'm told I should have some of them )
1. Look, that is why there's rules, understand? So that you think before you split'em. -Lu Tze
I shall most likely break my rules sooner or later. Mainly I do not trust myself to come up with a good set of principles so we will proceed with these and if they suck then it's OK if I split them.
2. Don't move it mofo!
The usual, don't wish to be moving my stops, I don't normally...I'm hoping to trail about the daily/weekly. Won't be moving quits to new entrance stops.
3. My two cents.
2 percent risk. I don't typically follow traditionalMM (I might enter this later), thought it would be fun to give it a go.
4. The trend is the third uncle twice removed.
Now, generally, the trend is all well and good etc, but if I wish to trade against it I will, and I don't care what you say. Of course If I'm attempting to trail my rankings on the daily/weekly it's probably a good idea to go with it https://www.nigeriaforextrading.com/attachments/1527884328.png
5. F*@$ yoda!
Don't hear other people's thoughts, person I do so all the time, and I'm sure I'll split this one the very best. It is not that the information isn't good, it's just not mine. Different targets, different time frames, eurgh it gets silly. Success is a poor teacher (understand this first hand). I mean I'll hear other's opinions, but once I'm in I'm going to attempt to stick to my targets along with my ceases.
6.
6. Take the breeze and ch a few zeds
I can't work 24/7, believe me, I've tried. It works for a bit and then reality strikes you like a sledge hammer. I will most likely trade at all hours, just not continuously. If I keep up trading the Asian session till 4 I'm not going to attempt to get up for London breakouts and stay for the sell off at US close.
No longer rules, I'm sure they are more, I just can not think of them atm. I will update if I come up with more.
I shall try my very best to post charts, analysis, and lots of stats about how it's going. If I really don't harass me about it! I could even post up a few of the rubbish that I spout about on my blog.
Starting off with pretty much a minimal (#500), as I'm not certain how this will go. Trading on etx, got used to them although it's not perfect. Will trade currencies mainly most likely, but anything which could trend actually, if you need me to have a bash at something just ask.
That is about it, got to get some work done, place the rubbish out, and who knows, possibly get some analysis performed before the start.
TTFN.