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Month in Review

Daytrader21 Posted 31 Oct.  in #Trader's blog #Top 10 #Account Balance
This hasn't been a bad month but it could have been a lot better if I would have not took the profits on my EUR/USD and EUR/AUD so quick. That mistake has cost me a lot but I can't change anything about it now. However I'm now even closer to recover my long term balance and as I've said two months ago my top priority and goal is to bring my long term account balance back to BE point.
I only have left 260k to recover and taking in consideration that there are left two more months on the year I on…
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Account Long Term Balance

Daytrader21 Posted 19 Oct.  in #Trader's blog #Trader Contest #Account Balance
In today's blog post I just want to take the time and analyse my long term balance here on the Trader Contest. I know I have been performing poorly and not trying to make any excuses but when I was trading here I wasn't having any kind of risk management in place as I always trade full size. Usually if I wasn't doing any kind of money from the first week that I was going even further and took random trades just maybe I get lucky . Well it seems that strategy has not worked out so well.
Right no…
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4 Comments
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Berkeley 19 Oct.

keep it up! ;)

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JockPippin 19 Oct.

I smile when I see these guys with a million in the contest and then I check their back record of deep deep red . In no way does the contest size up to real trading ( it never could ,with no consequences ).It's hit and hope that you catch a break on the first week and then you take it from there . Don't beat yourself up too much !!  . The real stuff starts when you start to meet turnover with your prize money :)) .

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Daytrader21 19 Oct.

Berkeley Thanks bro!

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Daytrader21 19 Oct.

JockPippin Well I agree with you that demo trading has noting do to with live trading. So, on consequence of course you'll have different results demo vs live. If you don't hit it big from beginning of the month than you open up yourself to overtrading and this ultimately will lead to more loses, so I think we're on the same page on all aspects here:)

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Trader Contest Long Term Account Balance

Daytrader21 Posted 22 June  in #Trader's blog #Trader Contest #Account Balance
In coming months my main objective would be to address and correct my long term account balance in the Trader Contest. If you look at my long term account balance it looks very nasty and shows a "consistency inconsistency". Since August 2014 my balance has been going in a downward spiral and I've managed to bring it down to even -70%. However since beginning of this month I've promised myself that I'll do whatever it takes to bring my account balance back in the green. Right now it stands at -49…
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Trading Plan

Daytrader21 Posted 10 May  in #Trader's blog #Account Balance #USD Crosses
My main objective for next week would be to bring back my account balance to BE and in order to accomplish this objective I would only need to take two perfect trades and I'm pretty much sure I'll do more than just to bring back my account to BE.
I'll be focusing more on the USD crosses as I'm expecting a bounce after the recent sell off. The US Dollar is not yer ready for prime time I think we're going to stay in a range as the accumulation process take place, I neither think we're going to mak…
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3 Comments
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verindur 10 May

Good Luck )

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Olga18375 10 May

Good luck, daytrader21!!

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Daytrader21 10 May

Thanks

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Account Balance back at BE

Daytrader21 Posted 11 Mar.  in #Trader's blog #EUR/JPY #GBP/USD #Account Balance
So far this month has gone nowhere for me, as my account balance was moving back and forth. Unfortunately I wasn't able to keep my previous profits and had some bad trade going on in EUR/JPY. It seems my hole premise of going long has been wrong as I wasn't able to discount the EUR/USD pressure and the effect it would have on this cross. I'm not sure I'll be continue in the contest as my changes to get in top 10 are very slim.
Best Regards,
Daytrader21
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2 Comments
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Olga18375 11 Mar.

Good luck!!!!

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pipx 11 Mar.

March has been cr*p for me as well, I will try again next month. All the best

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What to Expect For Non-Farm Payrolls

Daytrader21 Updated 1 Aug.  in #Trader's blog #Nfp #EUR/USD #Taper #Unemployment Rate #Account Balance #Adp #Limit Orders
There is no better way to start the new trading month contest but with such a big risk event like NFP figures.
For sure this is quite a big opportunity to make a quick buck, but we have to take in consideration the downside as well as if you're trading full size your account balance can be wiped out from the first day, if you're using limit orders you may not get a fill and if you're using market orders you can get quite a big slippage.
But no doubt even in this environment you can make money a…
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Some Updates

Daytrader21 Posted 17 July  in #Trader's blog #Trader Contest #Update #EUR/AUD #Range #Account Balance
This is getting quite frustrating as my account balance is back around BE point. We're already halfway through the month and haven't made any profits and this is mainly because I've choose the wrong pair to trade. More than 70% of my trades have been on EUR/UAD as I was expecting a breakout from current range, which never happened as we continue trading in a frustrating tight rang
Every time I tried to buy/sell this pair it has gone in may favor only 30-40 pips and than it reversed and stopp…
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