Small Traders Dream Diary

😎
About Cool Traders and their Systems....

I just posted in the following topic after I thought, well, I´m on my way but .......

A lot of Small Traders and Newbies are searchin for the Holy Grail, the Money Machine, the Quick Rich scheme as I did too when I started. Because Man I wanted to trade for easy Money. Money I can spend for women, vacations, cars or whatever so I nee to get the Money NOW!!! Sounds familiar?

OK. In here are loads of traders with unbelievable performances, even xtimes higher than mine is. And if you watch closely and reading their posts you see a lot of Newbies or Small Traders desperatily askin for the system or ea, even if the performance is 1 day old, at demo or even only an tester.

For all these guys I have some lecture to read and study. In here. And if you have some brain this will give a bit to think about.
See, most systems are short living because of they get driven high risky all the time and if market conditions change, kabooooom.

So at least you need an good MM or plan if your account grows..... yes, you can have fun with such systems but you need to look more forward and take action, this is the key.

But right now have a look at the Hall of Fame, yep, I just posted in there too 😉 but as I wrote you need an further goin plan for all this...

Good, have a close look here:
https://www.myfxbook.com/community/new-traders/do-you-think-you-can/380685,26

The Topic is a really good one, thanks to TheLastBear for this.
So guys, whats the point. Well, read the posts and then click at the Nick. What you think you see?




or this?




Perhaps this will give you somehing to think about...
As I said, there is NO Holy Grail out there. You find good systems, good Money Manager, good Signal Provider but they are rare on long tem.

So use your brain, you can make money in here but beware of that Forex Is The Hardest Way Of Making Easy Money...

wish you a nice weekend

Hello New Week…..

FX Market opens in a couple of hours, love it, CFD Market opens tommorrow morning, love it too….

Some words about my $FX System I mentioned earlier to drop this into all this as part of my trading plan.
Right now it produces great gain with low DD .
This will the absolutely Counterpart of my $FX Dax30 AutoG System and is setup for trading some decent gain on it´s own meantime. Later on this one will become more and more important……
For now I concentrate on my High Risk System for gaining up. After it doubled I will setup an 2nd CFD Account trading the Dax Gap and USIndex, right now in test and running good. And then the most important thing is to make these accounts more safe…. and takin out some gain.
Let´s see what this new week will bring to us and our Accounts…

always good trading all

March, 18
Small Traders Dream Diary

Watta bad bad weekend regarding news. Cyprus took the Hammer out and….. Agitation in Euro land as Cyprus savers face wealth destruction.
This affected the charts massive when FX market opened a few hours ago.
And guess what…. here´s a pic of the USIndex CFD…..





Dropped around 110 points.
Here´s the Dax30 chart waiting for his start and drop





My High Risk Account is awaiting an scaring drop in the price…. But good for my account I only have 3 trades open, 1 Long and 2 Shorts so no matter where the price lands these 2 shorts are Money Makers.
The Long will go into an higher DD but as this one is the only one opened right now this wont hurt much.
Important for you out there, trading these kinds of systems too is important to see how quick luck could change against you.

Now waiting for the market start…..

UPDATE

Holy Sh…… WATTA JUMP!!!!!





164 POINTS DOWN

UPDATE

So because of High Risk these points turned into green 21% for my account.

Nice thing is that this move brings me more near my 2nd account and my
ongoin trading plan BUT NEVER forget what happened if my account
had 2 Long Trades opened and 1 Short.....

Ya, would had made some money but havin an DD of 21% too.......
always have that in mind, NEVER be too confident

Reducing the DD for Short Trades I did set Pipstep to 35 now because of the Gap...

UPDATE

Everybody is waitin fort he Cyprus Government to announce how much they will steal from their
Residents…..





Dax is waitin too…..

March, 19
Small Traders Dream Diary

This is how my chart looks like before start in the day……





You see the space were the chart right now is between the trades…. there I closed yesterday
an Short trade for less pressure on DD.
Expected is an Up Gap so let see what today brings in, Cyprus is still around…

UPDATE

FOR ACCOUNTS SAKE I gave back some gain to the Market....

now sitting at the sideline and watching....

anyway, over 40% in a bit over a week... outstanding result

UPDATE

Not too much action as Cypriot parliamant rejects bank deposit levy.....





but I will wait a bit longer before goin into market again, no trade is
much better than a loss and I dont trust em right now...

so lets wait whats comin up....

March, 20
Small Traders Dream Diary

Yesterday I closed all trades because of Cypriots crisis.
Well, if I had waited a few minutes loss had been smaller but this is thing for New and Small Traders
to learn: It is ALWAYS Easy to talk about strategies, trades, systems using an excisting chart man.....
if you are in the trades and you see that something could happen what attacks your account you have
to act!!!
let´s see what today will bring us in here......





btw., my 2nd System is handling all this very nicely so no grey hairs havin it running....

UPDATE

As long as Cyprus makes no decision I will trade the Gap...

if setup yesterday he would had made this morning 19points 😎

UPDATE

ok, market closed now but EA expects an Long Gap and opened an Long for this....

March, 21
Small Traders Dream Diary

Forecast was an long gap but market did enter a few points away so T/P is 5pips then...

OK, Cyprus is still on the table so Dax30 is not the choice to trade right now...

so I trade Crude now, he doesnt care about Cyprus.... and give at least some money




very nice but risky alternative to FX....

March 22
Small Traders Dream Diary

As the Cyprus crisis lives on and politicans showin up how this could be handled I did setup
Crude Oil CFD for furtheron trading because who knows how long this will take and you know
all small or new traders neeeeed money……
This is the actual chart starting in the day from Crude Oil Trading nicely between T/Ps





And here the Dax Gap who´s waitin for market to start higher





So a few words for trading CFDs……
Well, they are same as trading the EU or GU or whatever, same candlestick chart, same up and down, same risk and so on so an nice alternative for all who want to make an sidestep into this market. And its as easy or difficult as FX is. You can even use your broker because most of them have CFDs within their portfolio.
I trade them for my trading plan I mentioned before. I will show up this one soon but right now I have to make some more money and setting up an MAAM for this soon…

Always good trading

UPDATE

...as DD is low I setup USIndex now too, neeeeed mo´ money....




Small & New Traders..... do NOT do this until you know the system or DD or PAIN it
can deliver.....

March, 23
Small Traders Dream Diary

Market is closed, let´s see how I go into the weekend

Dax30 Gap opened an Long Trade expecting thart market will open higher. Yesterdays Gap was closed and
I made my pip. Shortly after that chart went down again so it was good to have an tight T/P for this. If Cyprus will
come along with some sort of positive plan Dax should enter higher and trade will be closed immediality..




Th USIndex I took in too..... well, lets face it, Money is the thing we need so because of not much action
in the markets I took it too. DD is goin up but is still within an range I wont have sleepless nights. Anyway,
I need mo money for my MAAM Accounts and I wana pay them from gain......
Bad thing is that the USIndex went out of the market without taking an Long Trade, he is in only with an Short....
so curious how this goes when market opens...




LCrude...... higher risk than Dax or USIndex. If Cyprus fixed their problem I will take em out and trading the Dax
again, will feel much better.
LCrude right now has opened 5 Shorts now and 1 Long.......




DD right now is at 11% so I´m lookin forward for market open and hopefully Cyprus fixing his issues.

nice weekend all

March, 25
Small Traders Dream Diary

Waiting for the market to open....
As Cyprus made the deal and USIndex meantime went up I´m awaiting an nice UP Gap
as the EA predicted.....



And because of trading the Dax soon again I closed EAs from Crude Oil, did close thje
Long Order waiting now that price will go into my Short T/P for ending trading ém.

Now I have 2 weeks for gaining up and phase 2 of my trading plan.....