As the New Year approaches I recently decided it is time to place my what I have learned into action. I've been staring at charts like a sad case and demonion trading for more than a year so that it's time to see if I could make it work with actual cash.
I've run the usual course of wanting to create 100% each day from indiors about the 1m to the realisation that I am not going to give up my day job anytime soon.
So that lead me to the question; How do I make trading work for me?
My plan is to trade and make monthly deposits for another ten years. I've started with a balance of 1000. When I've made 20% on this, I will start adding #200 monthly to the account as extra funds.
My goal is to earn 5% per month and compound monthly. I will be doing this by taking'common sense' price action predied transactions over the daily interval. The majority of it will be predied on what I have discovered in the fantastic PA threads onforexsoutheast.asia(J16 particularly). I will risk 2.5percent per trade. Profit according to circumstance, but I will be searching for at least 2.5% back per commerce.
Is just two correct trades per month really THAT difficult?
I am 31 now. A million before 40 would be nice
I realise that there are a lot of threads like this. I will be posting my transactions / progress in here for people to test out, but more than anything, I would appreciate any info from any old timers here
Cheers!