This thread is just something for me to play with. It is meant to be a distraction and nothing more.
This is not my main trading account, nor does it reflect how I trade.
I am not here to teach.
I am not here to explain what I do or why I do it.
I will be trading a £5 account.
My aim is to see if I can grow it to a level that will allow me to make regular withdrawals.
Trade Explorer will be attached.
I will trade way too much volume in relation to account size so don't be surprised by large drawdown.
If I blow the account I will start again until I get bored.
That's it
Edit:
I know the title of this journal suggests that it is just another crappy thread, which is how I read another one described recently and maybe it is. I did try to change the title but I missed the window of opportunity to do so.
Anyway for now this will simply be my journal. A place to post a few charts etc.
But the idea to grow a very small account is something that I have thought about for some time and it will be an ongoing part of my journal for the time being. The reason is that I think it is possible but when I began trading I would read things like to be successful at trading you must start with about a 2K account or even more. Hopefully I can debunk that myth, although time is running out until leverage restrictions will indeed make it impossible
This is not my main trading account, nor does it reflect how I trade.
I am not here to teach.
I am not here to explain what I do or why I do it.
I will be trading a £5 account.
My aim is to see if I can grow it to a level that will allow me to make regular withdrawals.
Trade Explorer will be attached.
I will trade way too much volume in relation to account size so don't be surprised by large drawdown.
If I blow the account I will start again until I get bored.
That's it
Edit:
I know the title of this journal suggests that it is just another crappy thread, which is how I read another one described recently and maybe it is. I did try to change the title but I missed the window of opportunity to do so.
Anyway for now this will simply be my journal. A place to post a few charts etc.
But the idea to grow a very small account is something that I have thought about for some time and it will be an ongoing part of my journal for the time being. The reason is that I think it is possible but when I began trading I would read things like to be successful at trading you must start with about a 2K account or even more. Hopefully I can debunk that myth, although time is running out until leverage restrictions will indeed make it impossible
Indentify > Plan > Accept > Execute