May 8
Situation Update

Okay so far so good.
I am in week 3 of Trading this Account and week 4 of writing this blog.
First of all trading in “public” is something different then to trade in private, because I feel much more accountable for my trades and hopefully this will hold me back from over trading,trigger happiness and not thinking through my strategies and not planing my trades.
This blog is being written to get myself working on what has to be accomplished to succeed in this business.I know this is maybe the hardest and most challenging business one can choose as profession.
I really have many plans for this place of mine and hope one day i will not only aggregate News from my favorite sources , but instead write my own articles and analysis of what’s going on in this world of Markets,Humans and Governments.
Also i plan to go live as soon as I traded 4 Profitable months in a row and feel ready for the challenge.Until then I can save my money and let it grow to a decent size.
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Now for the changes i think i must do ,to get this piece of the web managed for myself to better keep it updated,cleaned and informative. Also for the convenience of my audience i will apply a few things.
I will only Post 4H Trades and higher from now on.Sometimes i might use 1H Charts to show my entrys with more detail.
Daytrading will be done from time to time but will not be documented here besides in the Real-time statement.
I will only note the weekly percentage change from now on.
Counting pips is not that useful as I change my position size with every new trade depening on stoploss and equity. But i will add my pipscount for the day to most end-of-day comments.
Every Week there is a Weekly Review of the past week and a Weekly Wrapup of the coming week which includes my Big Picture View.
This includes my personal estimation and sentiment about currency pairs & commodities which are on my watch list.
Of course ,those people following this project since start have surely seen that I am not the most disciplined blogger & trader around . But I know there is a way to get there ;) Time,sweat and blood as always in climbing the stairs to achievement.
In future i will only pick out the 4–5 best of my daily readings and comment on them.But i will try to do this every trading day.
Regarding my trading strategy. I am not ready to explain my reasoning for taking trades in depth yet. There are a few reasons for this, especially that I am myself still learning and I learned the most in a special group on which I will elaborate in future. Also i don`t plan to sell any stuff here like a system or the “holy grail” because there is no holy grail in trading besides the face in the mirror.
I simply want to show my struggle to become a pro and log my trading ;) Let`s see if I can get there within a few short years lol
Okay enough bragging for tonight! Have a good one wherever you are!
Comments: 4


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