Forums - Tradingjournals Quest... Turn $100 To $100K or To Ash

HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US

Your Account • Become a Member • Help • Search

	Forums ›› Trading for a Living ›› Journals ›› Tradingjournals Quest... Turn $100 To $100K or To Ash

Page 3 of 34: 1 2 3 4 5 6 7 8 9 10 11 12 Last Page »

tradingjournals

Registered: May 2010
Posts: 3189

05-31-11 03:27 AM

e/u at 1.4288. Covered short for +6pips. Did not like my last entry, and also will not be able to follow it. I would also have considered a long trade here (1.4285) for possibly around 20 pips, but since I did not like the last trade and did not do a through analysis, I will stay on the side, and would wait for a short signal if I can back later and if it goes up to a good short point.

Number of trades: 3
Cumulative gains: 151pips.
Cumulative losses: zero

Note: I did not like my last trade. Was due to impatience. Left with +6pips.

Edit/Delete • Quote • Complain

athlonmank8

Registered: May 2007
Posts: 3041

05-31-11 04:36 AM

1. Why are you trading when the spread is 7 pips?

2. You're trading with $100. Use the leverage.

3. You're wasting your time trying to turn 100 into 100,000.

The gains you need are not just astronomical, but you've also got some pretty serious opportunity costs.

Edit/Delete • Quote • Complain

tradingjournals

Registered: May 2010
Posts: 3189

05-31-11 04:58 AM

Quote from athlonmank8:

1. Why are you trading when the spread is 7 pips?

2. You're trading with $100. Use the leverage.

3. You're wasting your time trying to turn 100 into 100,000.

The gains you need are not just astronomical, but you've also got some pretty serious opportunity costs.

Thanks for your note. Good comments. I will respond in a future message (now short of time).

E/U is now at 1.4371. I am considering a long entry between current price, and possibly a dozen pips lower if this happens in near future.

Edit/Delete • Quote • Complain

jfranco

Registered: Mar 2011
Posts: 269

05-31-11 05:16 AM

Quote from tradingjournals:

Thanks for your note. Good comments. I will respond in a future message (now short of time).

E/U is now at 1.4371. I am considering a long entry between current price, and possibly a dozen pips lower if this happens in near future.

what markets can you trade with 100?$

Edit/Delete • Quote • Complain

tradingjournals

Registered: May 2010
Posts: 3189

05-31-11 05:24 AM

Quote from jfranco:

what markets can you trade with 100?$

currencies--- I believe one can trade as low as $1, but I am not sure.

Edit/Delete • Quote • Complain

tradingjournals

Registered: May 2010
Posts: 3189

05-31-11 06:30 AM

Quote from tradingjournals:

Thanks for your note. Good comments. I will respond in a future message (now short of time).

E/U is now at 1.4371. I am considering a long entry between current price, and possibly a dozen pips lower if this happens in near future.

Closed at 1.4382. +11pips.

Number of trades: 4
Number of trades with gain: 4
Number of trades with loss: 0
Cumulative gains: 162pips.
Cumulative losses: zero

Edit/Delete • Quote • Complain

Page 3 of 34: 1 2 3 4 5 6 7 8 9 10 11 12 Last Page »

Receive an email whenever a new post is added to this thread by subscribing to it.

Rate This Thread:

Forum Jump:

Conduct Rules - Privacy Policy - Day Trader - Day Trader Forum - Best Trading Software - Sitemap

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures Futures Brokerage & Clearing AMP Global Clearing Futures and FX Trading Bright Trading Professional Equities Trading CTS Futures Trading Software DaytradingBias.com Professional Trading Analytics ECHOtrade Professional Trading Firm	eSignal Trading Software Provider FXCM Forex Trading Services Global Futures Futures, Options & FX Trading Interactive Brokers Pro Gateway to World Markets JC Trading Group Direct Access Trading MB Trading Direct Access Trading	MultiCharts Trading Software Provider NinjaTrader Trading Software Provider OANDA Currency Trading optionshouse Option Trading & Education Questrade Canada's #1 Online Broker Rithmic Futures Trade Execution Platform	SpeedTrader Direct Access Trading SpreadProfessor Spread Trading Instruction thinkorswim by TD Ameritrade Direct Access Trading TradersStudio System Building & Backtesting Trading Technologies Trading Software Provider Trend Following Trading Systems Provider