Re: Real Journal of a Small Account Trader Looking for Consistency
Hello everyone, I have decided to open this journal to keep track of my evolution as a trader. I am operating with a real account of $310, with the aim of achieving consistency before even thinking about climbing capital. I focus on EURUSD, GBPUSD and USDJPY, on H1 and M15. My strategy is simple: price action with market structure, liquidity zones and a touch of dynamic EMA as reference. I do not seek to get rich fast, just show myself that I can be profitable in a controlled way. I will publish entries, departures, catches and reflections. I do not expect this to be spectacular, but I do hope to be honest with myself and with those who pass to read.
Re: Real Journal of a Small Account Trader Looking for Consistency
I wish you luck. Having a public journal forces you to think twice before you enter pointless. I learned more by writing than by operating.
Re: Real Journal of a Small Account Trader Looking for Consistency
$310 gives no room to breathe if you make mistakes. Be careful with risk management, do not use more than 1% per operation.
Re: Real Journal of a Small Account Trader Looking for Consistency
Good initiative. I started with $200 and the key was to treat it as $20,000. Discipline is what weighs the most.
Re: Real Journal of a Small Account Trader Looking for Consistency
Thanks for the feedback. Today first operation: Sale in EURUSD at 1.0854 after breaking structure in M15 + rejection of offer area. SL of 15 pips, TP at 1.0810. I closed manual at 1.0822 for loss of momentum: +32 pips, +2.3%. It was not perfect, but the entry was clear. I felt calm during the trade, which is a good sign.
Re: Real Journal of a Small Account Trader Looking for Consistency
Why didn't you let the TP run?
Re: Real Journal of a Small Account Trader Looking for Consistency
Good operation. Controlling the impulse to close before the TP is complicated, but if the price loses strength, better get out with profit.
Re: Real Journal of a Small Account Trader Looking for Consistency
I like the way you explained it. Do you use some kind of diary to record emotions and decisions besides the result?
Re: Real Journal of a Small Account Trader Looking for Consistency
Yes, I have a tracking template where I note: reason for entry, market conditions, execution, emotions before/during/after, and what I learned. Today, for example, I noticed that the volume fell in the target area, and that made me doubt. I prefer a partial closure instead of everything or nothing, but I still did not implement that in this strategy.
Re: Real Journal of a Small Account Trader Looking for Consistency
One suggestion: if you're going to operate so leveraged, think about using automatic breakeven once you get to 1:1. That gives you room for error.