The snail Journal 2010
Page 1 of 732 12 LastLast
Results 1 to 10 of 313

Thread: The snail Journal 2010

  1. #1
    I have been trading for a while, but my result is mixed. But one thing that I notice is, the more I wished to gain at the shortest possible of time, the more I shall lose.

    This prompted me want to re-examine my past profitable transactions, but I could not because I didn't keep a record.

    So I decided to open my journal book inforexsoutheast.asiato keep track of my upcoming performance and serves as a summary of the errors I will make. Along the way, I expect encounter traders/masters to give me a hint or two as guidiance.

    Real trading will commence next week!!

  2. #2
    Quote Originally Posted by ;
    I've been trading for a while, but my result is mixed. But one thing I notice is, the more I wished to gain in the shortest possible of time, the longer I will lose.

    This prompted me to want to re-examine my previous successful trades, but I could not because I did not keep a record.

    [b][font=Comic Sans MS][color=#0000ff]Therefore I decided to open my journal book inforexsoutheast.asiato keep track of my upcoming performance and functions as a review of the mistakes...
    Hi Random, will you care to discuss your methodology ?

  3. #3
    Quote Originally Posted by ;
    As proposed, now will be the beginning of my trading journal

    Balance in trading account: $1391.79

    Trade #1: Shorted AUD/JPY @ 74.91 using 422 units



    What would you really mean by 422 units? What's a device?

    I would like to know your reasons for taking this particular trade, timeframe, etc

  4. #4
    Lousy fortune first day mate. What exactly was your stop loss? Are you still in your trade?

  5. #5
    Hi Arfer Daily,

    Sorry to answer you late as I was working on some things before I return to my own thread, apologise for it.

    As to answer your questions, my trading style for now is on weekly basis (until I find something more effective). That meansI just trade after a week and mostly on the first day of the week.

    And since I trade only on per week basis, naturally, my chart is also a weekly chart and that I look for trend in this chart. Therefore, I'm incline to place my stop loss based on weekly chart too.

    Hope my response would have the ability to satisfy the majority of your doubts you've got for the moment.

  6. #6
    Quote Originally Posted by ;
    Hello,

    Sorry to answer you late as I was working on some things before I return to my thread, apologise for that.

    As to answer your questions, my trading style for the time being is on a week basis (until I find something more effective). That means, I only trade once every week and largely on the first day of the week.

    And because I exchange only on per week basis, naturally, my chart is also a weekly chart and that I look for trend in this chart. As such, I am incline to place my stop loss based on weekly chart too.

    Hope my reply would have the ability to satisfy...
    that I don't have any doubts at all, just wondered about your method. Fantastic fortune then.

  7. #7
    Hi Arfer Daily,

    Thank you for your Needing. I do not have any particular technique for entrance and exit, I just buy in my expectation where it may go.

    In my Trade #1 case, I've thought it can go down, so that I shorted it. If I am wrong, I will be taken out of my trade as triggered by my stop-loss order. Then I will look for another chance next week.

    When the trade is still around by the first day of a week, then I shall wait and watch for its additional action for another week.

    Incidentally, 422 unit is a trading dimension of a currency that is under a mini lot (which is 10,000 units of a currency).

    Wish well to your trading too.

  8. #8
    I reviewed my opened position and glad my stop-loss order hasn't been hit yet. I shall keep it for one more week, hopefully it'll turn out to be a desirable trade.

    Currently, I am evaluating another way to exchange and may incorporate into my diary also, or considering to begin another thread. Let's see how it can go as I am still trying it out in demonion.

  9. #9
    Quite sadly, my luck did not last because my very first trade in this journal had been closed when stop-loss limit order was hit. Kind of a disappointment to me. Nonetheless, I guess it as part parcel of this trading enterprise. After a reduction of 2% of the initial level, it stands in a balance level of 1364.50.

    Although this is my Snail Journal, however there is also a hare in me, longing for some rapid achievement. After some consideration, I chose to keep all my trades in this journal, regardless of them as snail/tortise/hare trades.

    Excited about another great trading week...

  10. #10
    This was a testing week , so no transactions entered into this diary.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.