Registered: Feb 2009
04-01-11 06:25 PM
I am starting this journal for me. Anyone is of course welcome to comment but the main purpose is for me to track my trading, hold myself accountable to my stops, and allow me to think out loud about the state of the world.
I am defining my goals as follows:
1. I WILL HONOR MY STOPS
2. Will close my positions at the end of every day (defined as the point in time at which I am no longer able to monitor the markets closely)
3. I will strive to shorten my duration in any on trade to under 30 mins
4.Trading only EUR - occasionally dabble in other currencies
5. I will not add to a losing trade. I will accomplish that goal by initiating a trade using 95% of the margin available to me. This will also allow my position size to grow/decrease with my account size.
6. I will stop myself out of trading for the day if I lose more than 10% of my account value
Currently trading with CitiFXPro. Account Value: $15,719