As ambitious as it may not sound, it is my goal to simply break-even by the end of this year. I am starting this journal because I need more discipline. I want this journal to be the person I report to at the end of the day (rather than my wife - I don't need that stress) with my trades and limit the stupid mistakes that have cost me so much in the past. A little background... I began trading (forex) in September 2005 and love it for the opportunities and challenges. Since I began, I have been good about keeping records of my trades. There have been times at which I become very disappointed in myself, but I never blame the market or fool myself with excuses; and the many losing months are just a cost of my education. I have tried many different ways of trading forex, and have become comfortable with what I feel is my edge. What I trade... I have a full time job and a family, so I limit my trading hours to 4am-7am CST Monday through Friday, except on Wednesdays when I can watch all day. I trade spot EURUSD and USDJPY off the 3 & 9 minute charts using IB's TWS and Sierra Chart. The size of my positions and maximum daily loss is based on my account balance. My system usually only gives me a few trades everyday. Where I have failed... I prefer the short-term trades and that is how I have setup my system. I have had plenty of winning months, but the only thing that has really slaughtered my equity is opening foolish positions and not getting out. I sometimes have put on these "lotto ticket" trades and walk away. I end up adding to the loser because it has just gone way beyond my daily/weekly loss limit. It has been these trades that have taken massive amounts of capital away from my account. More often than not, I have been able to get out of these trades after a few days (with hoping and wishing). But getting out of them successfully is more of a curse than blessing. Because of my last huge loss, I have stopped trading for a while and decided to start this journal. I will begin again on May 1st. I will become a consistently successful trader - I just need to get there before my account dries up. Thank you for reading.