Game Over Start Over

Today I tried the same risky play, and it wiped me out. Therefore, the count is now back at 0. 6 more weeks until I can trade.

DAY 0 starts tomorrow.

Demo Trading Day 15 (+18 pips)

Really not sure what to make of today. Strictly speaking it was a horrendous failure. I made bad decisions one after another. Started trading 5 lots instead of 1. At one point my capital was at -$5000. However, I actually was able to make back the money & more and even avoided margin calls. Partially lucky, and partially because the market started oscillating between 60+ pips. This made it extremely easy to pick up pips as long as I bought near the middle.

Last 5 trades essentially brought me back to life. And ended the day +$1900.

I traded a total of 377 lots. At $4.5 each lot, that made for $1700 in commissions.

After an incredible day of ups & downs. I ended up netting only 18 pips.

Very scary. I am contemplating to start the 30 days over, as I am clearly not ready to step into the market.

Demo Trading Day 14 (+10 pips)

The opportunity was good. But I chose the wrong side. Instead of closing, I just kept adding on the Buys. Camilla Trend showed that it was a long term strong buy, so just bought and left it at that.

Trades: -7, +5, +12
Net: +10 pips


Days with good discipline: 13 (Goal is 30 Straight)

Demo Trading Day 13 (+10 pips)

Bad execution today. Be patient and wait for opportunity to strike. Don't jump at trades until it is clear the market is fast but clearly trending.

Also, never trade when Iris is around, or when talking online, or working. Multitasking and forex do not mix.

Trades: +9, -2, +3
Net: +10 pips


Days with good discipline: 12 (Goal is 30 Straight)

Demo Trading Day 12 (+12 pips)

Good execution today. Waited until it passed last resistance, sold & held for quick 12 pip win. Was hesitant to buy on the reverse, could've pushed the daily winnings to 20+ pips easily. Try to develop a sense for consolidation vs. profit taking.

A little busy today, so I won't subject myself to further risk. Leave with just 1 trade.

Trades: +12
Net: +12 pips


Days with good discipline: 11 (Goal is 30 Straight)

Demo Trading Day 11 (-5 pips)

Bad execution today. First trade had potential to be +8, but hesitated to sell, and it went negative. New rule: sell on 2 ticks against me. Honestly, the entire time the market was ranging, and I traded only because I had no patience.

Trades: -6, -9, +6, +3, +1
Net: -5 pips



Days with good discipline: 10 (Goal is 30 Straight)

Demo Trading Day 10 (+11 pips)

Excellent execution today. Wasn't really paying attention and missed 2-3 big moves. I'm talking 30+ pip moves... Then I caught a tiny move and was happy with it. Got out as soon as it turned because I was against the Camilla Trend showing a STRONG BUY. Right after I exited the tide turned so that was the perfect execution :)

Trades: +11
Net: +11 pips


Days with good discipline: 9 (Goal is 30 Straight)