A Honest journal

After 4 years and a couple months trading I believe I'm ready to start living out of Forex. It took me longer than i thought. When i first started trading I was naive enough to think I would be rolling in dough in a few months. Oh boy I was wrong !

Anyways from now on i decided to record this second phase of my trading experience here on FXbook.

I'm far from being what my nick name suggests 'a forex oracle' but I believe I will get there. The next six or eight months will tell me for sure how the rest of my trading life will be.

just curious, what are your gains/losses combined, since day one of your trading?

regards,

zero/.

30 grand,down the drain! Well if you count as money spent in education maybe it does not sound so bad.

wow, that might have hurt. i do hope, for your sake, that you have a very clearly defined plan. i am sure that you do.

personally, i have been fiightiing this stuff for seven long and hard years.

i am down probably about a third of what you have lost, lol...

my personal efforts may be about to pay off, finally.

if you ever fiind that you need somebody to toss some questions at, i am at your serviice, sir.

i sincerely wish you well.

zero/.

Yep Zero it did hurt! Especially when i think that I lost 25 grand between May and October 2007. Thats the price of a big ego, i guess. I always think that I'm smarter than i really am. Looking back I see that I blew my account in less than 6 months which put me right in the 'below average' guy out there.

The other 5 or so grand I blew over the years. After my margin call I got scared of trading, something that took me months to overcome. Than with a smaller 'ego' I went after help and cot myself in the hands of scammers over the net. This new approach did cost me money and time, a lot of time! I went through 5 or 8 self proclaimed 'gurus' and each time things didn't go well and I ended up still losing money it took a big chunk of my mental strength.

Then I decided to go alone again frying my brain through nights and nights for another year and a half till things started to make some sense. Actually to be honest I think my losses may be in the range of 35 to 37 grand so far.

I'm starting Monday to post daily about this second phase in my trading career. When I first blew up my account I was trading full time, I don't have this luxury anymore but if my calculations are correct, in the next 6 or 8 months I should be back full time. It is tough to have to manage family, work and forex but if I want to give my kids a better future I have to do it. Thats why this period will be so important to me. If I'm right I will be in a very good financial situation by the first quarter 2012. If not I will be bust by Christmas! Lets see what will happen.

i would suggest that, instead of your going bust by christmas, that you consider becoming a fund manager.

think about it.

you just miight end up having a very merry chriistmas.

your fiirst task is to retrieve mr rubin for me.

put him on my phone.

zero/.

https://www.stockpatrol.com/article/key/danrubinpleasguilty

LOL Zero! Yep! The best thing you can do when you realize you can't trade is to become a fund manager!

TheOracle posted:
    LOL Zero! Yep! The best thing you can do when you realize you can't trade is to become a fund manager!

ii remeember workiing for dann.

nicce young mman, considering whaat a viiccious stocck maniipulataoor he iisi and all.

remember thee moviee diiee hard with brrucce willisis? that isi some kindn off ccorporoatee someethingnn oro whateeverr forr fox neetworkss, daann'ss office occupieieed the majorrity off thee ground floor of that building...

rremembere thee moviie prreeetty womman? dana told me thata he wasas liviing in the exacct suuite that they ffilmmeed that thingn in, that nice hotel suitee, he told me that he was chekceed in theree uuunderr a cartooon ccharaccter's name. i believe him.

iii wasa a weeb deveelloperer back then, ii haad writteen thiis lititle weeb foorm whereeee you ccoldd enterr a stocck symbol annd my cocde would place a athree way ccall oveer to finannce.yahoo.ccocm annd snatccch up a bunncch of data annd thn reformat iti on my sitee. chris braga was dan's webmmaster, ii ccalled and talkeed wiith him after seeeingn https://danrubin.com inn myy web logs, theey eenndeed uup hirring meee to wriitee a ffaiirly ccompleex piieecce of code, dan was paying mee about two to four k perr weeek, after thee jobo was fnisheed dann told me thata ii had a ccall onn linee x... a deeep voiice told me that they had had several cocodeerers try to do that job, but thy weere all talk and no go, nicce job heh told mee andn then he hungn up. dan was dating paula abdul, iif i rremeembrerr ccocorrrectly, shee was iin th officce onenee day, nice cchiicca.

there isi goingn to bee a loto of room ata the top inn this ccocompany.

i dont know why i amm doingg this, buut i am offereringg you a gift.

i ssuppossee that ii am, deeep down, a nicce man, i am a gentleeman. srsssly.

you probably havee no idea.

now, either get bussy tracccking dowwnn dan oro dont.

zero/.

Zero it is common knowledge that when somebody has 30 IQ points above you, you can't understand what the person is saying. I guess your last post is way above 30 points to me!

I did not get it! LOL

It is his key board.
Anyway, you have no practice reading him. Do not worry. You will have a lot of opportunities to learn now. There was another dude on Oanda forum way before I joined.
That was really a nut to crack. I guess it would require CIA decoding department few years of efforts to make sense of what he wrote.

TheOracle posted:
    Zero it is common knowledge that when somebody has 30 IQ points above you, you can't understand what the person is saying. I guess your last post is way above 30 points to me!

I did not get it! LOL

TheOracle posted:
    Zero it is common knowledge that when somebody has 30 IQ points above you, you can't understand what the person is saying. I guess your last post is way above 30 points to me!

I did not get it! LOL

very well. your future is all uphill, sir.

enjoy the climb.

zero/.



trading resumes in twenty one hours and twenty minutes.

chart begins on june 01, 2011.

Ok 37 minutes after 5 AM here in Florida and I'm starting my trading day. I'm gonna try to keep my discipline and strategy, thats my goal.

I'm doing pretty ok for the last 4 or 6 months ( pip wise) so the fact that my journal starts officially today is just symbolic. what I am going to try from now on is to increase my pip to money ratio. My fist goal is to get around 500 $ per week in a consistent base. I may not be much for some here but If I can maintain a solid 500 bucks for the next 6 or 8 weeks than I can bump it for 1000/week. than 2000 per week which would bring me to full time trading again, meaning that I can quite my job.

I'm still tangled in some activities that will keep me from trading regularly till August the 15th .

I'm in this business long enough to know that my 2K/week goal may not be achieved till first quarter of 2012.Ii will probably spend much of my time adapting myself psychologically each time i increase my lot size. I'm also prepared to change brokers since Oanda tends to start playing tricks on you as soon as you start to make some money. Time to fund another broker or brokers is accounted for.

I'm not looking forward to bump my lots before august 15 so till than nothing new.

Very good morning so far my first trade on the triple test of 1.4385 was good for 15 pips. I'm still on a short from 1.4395. I almost bailed out on this one because as soon as I opened the position price went against me, my SL are around 15 to 20 pips so being minus 12 right the way is borderline for me. Anyways I stayed on the trade and now I'm +40. My minimum goal for the day is 20 pips i'm well above it and considering taking profit if price does not go down quick.

From +40 to +15 now price seems to be going down re test the 1.4362 area. Any rejection there and I may be out for around 20 pips, otherwise it could go down to the 4333 and lower.

Out with +23 pips, 38 so far in 2 trades. Now that my 20 minimum is acheaved i switch to picky mode and i'm just trading the best set ups till 12PM.

TheOracle posted:
    Out with +23 pips, 38 so far in 2 trades. Now that my 20 minimum is acheaved i switch to picky mode and i'm just trading the best set ups till 12PM.

Hi there TheOracle - is it possible to see your account's performance? I don't see any accounts connected to Myfxbook.

Took 3 small losses trying to go long at 1.4335 area. It is a challenge to trade with my family busy around me so i wasn't paying attention when price took of from 4323.I'm ending the day with +19 pips slightly below my 20 pip goal. Well tomorrow is another day.

James_Bond posted:
    

TheOracle posted:
    Out with +23 pips, 38 so far in 2 trades. Now that my 20 minimum is acheaved i switch to picky mode and i'm just trading the best set ups till 12PM.

Hi there TheOracle - is it possible to see your account's performance? I don't see any accounts connected to Myfxbook.

Hi there. This is a personal journal, meaning that it is not an advertising for anything. There is just no reason for me to post my account. I'm here more to publicly record my transition from part time trader to full time than to show off something so don't expect any strategy tutorials or account display.