Hello, As the title stated, I am a poor trader who has merely about 100AUD in my account, about 75 USD. In my savings account, I have only about 170USD, which I have for my daily expenses. I am living in a low-living cost country, therefore, I don't spend much. That's all the money I have in my life. With such amount of fund, I could not trade the futures, so, I trade Forex. I am a mechanical trader with some discretion. I am a trend follower.
Your going to get a shower and a shave. Your going to eat some food. Then, you will go look for a job. The markets will always be here for you to trade.
I am currently looking for a job. But it is quite hard to get a job over here, so I decided to stay with my parents in the countryside for the time being while I am searching for a job. Most applications were not entertained. There are however some low-skill jobs, but the pay is just enough for me to survive in the city, so not worth it.
I have been trading for about 5 years now. I lost a few thousands (USD) along the way, probably around 3k USD. I am currently trading the breakouts.
The pupose of this journal I believe that by writing a journal it would help me to be profitable. 1. I would get feedback from fellow traders here. 2. The pressure will urge me to be profitable.
Market Surfer you still living with that beautiful river view up in your nice apartment? I always coveted your set-up, you have a great Trading Command Center! Listen to Xandman, I only know one person who turned $900 in to $1,600,000, he had the brain of Data Star Trek and was so tight with money. This was when cash-accounts might get screwed up and allow you to trade like margin accounts intra-day. The trade started with EDIG and the rest is history, back in 1997-2000 he made that money
These qoutes are not correct, EDIG was at $.0001 when all kinds of Hollywood promoters and Media people got phone calls from Boiler Room or Bucket Shops in Orange County, California. I bought a chunk of EDIG back in 1999 when it was at it's near bottom, I sold out once rumors flew Tokyo Joe and Jonny Lebed were up to old habits and two Hollywood Elites said "it's the next Csco!". These messages were spraying, not splashing and hitting all the Message Boards and the stock spiked. I made a decent gain, no need to mention how much but there is always hope kid. Please get some money before you start to trade, you need your grubstake or you will go broke like many of us have in the past. It will teach you to value money more, you will reduce mistakes and become successful. Oh EDIG, how I remember that glorious day, it blew yesterday to pieces! You have to have been there in a trade like this to remember this type of details, I am sure another arse will put "bullsht" meter but screw them! http://finance.yahoo.com/q/hp?s=EDIG&a=03&b=6&c=1993&d=07&e=5&f=2000&g=m