Since 2020 has been the weirdest year of my 54 years on this planet let's start this off with some weird and wonderful predictions shall we?
First, I am going to take this tiny futures account (current balance $670.36) and turn it into over $1 million dollars by the end of 2020. Go big or go home. LOL!
Next, I expect the markets to drop hard again probably 1-2 months prior to the November election.
While I do not endorse any political party or candidate, Joe Biden will be nominated for his party and will choose a person of color (politically correct, LOL) as his running mate. Possibly even a woman. If he doesn't then he is a bigger idiot than he appears.
Because of the high unemployment, poor market conditions, racial unrest, etc. Trump will lose the election in the fall.
In his acceptance speech, Joe Biden will utter these words "Donald Trump.... you're FIRED!" LOL! I know I would.
These are all just in fun. Thought I would put it here just to see how many come true.
Now on to the journal. I suck at keeping a journal. Many times I have started a thread only to stop it not long after starting. I want to get better so bear with me once again as I try.
Please remember, this is a journal. While I will try to explain how I am trading, get over it if I don't do well at that either. The teacher gene skipped me. I will update this thread once a trade starts. Possibly a few times as the trade develops. I may go back at the end of each day and add some notes.
I want to have longer running trades (getting out too quickly has always been my nemesis). Because of this, no more very short time frames. Bye bye 20 second and 1 minute charts.
My tolerance for risk is high. Do not judge me for my position sizing for this account. If I lose it I am out $500 (the initial deposit). I can live with that.
Keep it positive please. Too much negativity in the world right now.
No custom indicators, no EA's (although I am using MT5 for this account). I have found that certain candlesticks in a specific position in relation to moving averages can yield significant results. Let's just keep it simple and low stress.
Primarily will trade ES (S & P 500 futures) due to it being much smoother than NQ futures.
Updates will begin in the morning.
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First, I am going to take this tiny futures account (current balance $670.36) and turn it into over $1 million dollars by the end of 2020. Go big or go home. LOL!
Next, I expect the markets to drop hard again probably 1-2 months prior to the November election.
While I do not endorse any political party or candidate, Joe Biden will be nominated for his party and will choose a person of color (politically correct, LOL) as his running mate. Possibly even a woman. If he doesn't then he is a bigger idiot than he appears.
Because of the high unemployment, poor market conditions, racial unrest, etc. Trump will lose the election in the fall.
In his acceptance speech, Joe Biden will utter these words "Donald Trump.... you're FIRED!" LOL! I know I would.
These are all just in fun. Thought I would put it here just to see how many come true.
Now on to the journal. I suck at keeping a journal. Many times I have started a thread only to stop it not long after starting. I want to get better so bear with me once again as I try.
Please remember, this is a journal. While I will try to explain how I am trading, get over it if I don't do well at that either. The teacher gene skipped me. I will update this thread once a trade starts. Possibly a few times as the trade develops. I may go back at the end of each day and add some notes.
I want to have longer running trades (getting out too quickly has always been my nemesis). Because of this, no more very short time frames. Bye bye 20 second and 1 minute charts.
My tolerance for risk is high. Do not judge me for my position sizing for this account. If I lose it I am out $500 (the initial deposit). I can live with that.
Keep it positive please. Too much negativity in the world right now.
No custom indicators, no EA's (although I am using MT5 for this account). I have found that certain candlesticks in a specific position in relation to moving averages can yield significant results. Let's just keep it simple and low stress.
Primarily will trade ES (S & P 500 futures) due to it being much smoother than NQ futures.
Updates will begin in the morning.