A Forex Trader's Journal

Discussion in 'Journals' started by sKaLpZ, May 23, 2005.

  1. Here is a screenshot
     
    #11     May 25, 2005
  2. Correct, I let you know that you too are welcome to participate in this competition, as it is open to all.

    That was it.

    To which, this is what you wrote back:

    "I have a Journal and have no time for you sKaLpz...I trade for real and no need to play games.

    "Go ahead prove what you must...I am finished with you for now...."

    Michael B.

    ________

    Please stick with your resolve.

    You are NOT welcome to post your inane garble here: Keep it on your own journal.

    As a benefit for others' learning, this contest is for demo-users only, not live trading accounts: Results/updates should be posted on this journal with snapshots of the trading platforms used, not with links leading all over the place.

    I'll ask you AGAIN, stop tagging this journal to muddle it up.

    Coinz

     
    #12     May 25, 2005
  3. Since there was a significant change - another currency pair (AUD/JPY - Long) added - I'm posting a quick update.

    Note to contestantz: Please use this journal strictly, to post updates of your trading platform demos being used in this contest if you enter, and according to contest rules outlined earlier.

    Thanks and good luck,

    sKaLpZ


    <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=755557>
     
    #13     May 25, 2005
  4. A further explanation of the trading system I'm using...

    Its formula for monetary recovery (pulling money out of the forex :D) is based in tolerances.

    What many losing market participants fail to do is to align with the market.

    Instead they just open the biggest trade their account can tolerate then hope it goes in their direction.

    If it doesn't they try to utilize their trusty Stop Loss that is effectively designed to take HUGE chunks of money out of their trading account balance: They think this makes them smart traders. :D

    When, in actuality, this can cause both system(?) and trading account failure.

    Risk tolerances and capital-to-trade-size tolerances, price and time tolerances, trade and probability tolerances, profit and loss tolerances are what you'll see demonstrated in my platform.

    Keep your eye on the Margin Used indicator in my platform, currently at $5288.54.

    theskalper
     
    #14     May 25, 2005
  5. A quick clarification on the rules.

    When the competition is over on Dec. 01/05 all trades will be closed at that time.

    If you are in drawdown, or massive drawdown, tough currencies. :D

    The Coin
     
    #15     May 25, 2005
  6. Well, winning this contest will be easy seeings I'm the only competitor so far. :D

    I'm going to post an update simply because the Activity Log is growing so long it's going to be prohibitive to post soon.

    Note to Magna: I'm trying to find a way to reduce the attachment size yet still allow them to be readable. :) Any suggestions you have pls msg me with them.

    Note to Readers: In the future, if I update only once every 2 weeks or so, the Activity Log may be limited/reduced to a single post/snapshot. Readers interested in the full time lapse between updates are welcome to email me and I will send the entire Act. Log.

    This update will be posted thru several attachment posts.

    Again, if the moderator prefers otherwise in the future, just let me know.

    Saham

    <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=758717>
     
    #16     May 30, 2005
  7. Update 2 - Trades snapshot

    <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=758719>
     
    #17     May 30, 2005
  8. Update 3 - Activity Log - 1

    <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=758720>
     
    #18     May 30, 2005
  9. Update 3 - Activity Log - 2

    <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=758721>
     
    #19     May 30, 2005
  10. Update 3 - Activity Log - 3

    <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=758725>
     
    #20     May 30, 2005