February 2014

By February 2014 itself, i`ll be focusing on 2 methods in order to achieve my first breakthrough. 1st method is the 20 pips targeted trade on a daily setup. And my targeted achievement on a weekly basis is an added 30% from my original equity. 2nd method which will be run on my demo account is Swing Trade on a weekly basis. And the targeted achievement is 30% as well. Another additional add on, i`ll be having copy trade with Mocaz as a mean to gain an add on income by month end. I hope that this can be help me move forward further.

A new dawn

I had a huge fall last week with my equity 90% gone just within an hour period.... It taught me a lot on the risk for having too much trade floating and lack of money management control in terms of stop loss. Though i had an emotional drain for 2 days, it gives me a chance to re look on what is my mistake all round. It also gives me an opportunity to do some backtest using the "secret formula" that i always had but never seem to understood how to use it. I hope that this opportunity will present me a better and corrective way in regaining my equity and improve me percentages.

Analysis

After an analysis made yesterday, i was able to pinpoint the maximum floating that i can maxed out without affecting my balance and to maintain or reduce the floating point below 70%. And it will be done on a weekly basis as a mean to gauge and calculate what i can achieve against the floating point. With this analysis, it gives me a breather and better judgement on my money management.

New week

It`s indeed a very challenging start of new year for me. But positively, i will achieve my January target and increase my equity and reduce my floating point. Equity: 809.08 Floating %: 66.39 Target Monday 6/1/14 Equity: 1000.00 Floating %: 60.00

2014

New year 2014 has come, and all that is needed just a simple step in and pray for all the good things that'll come this year. A challenge for myself in the beginning as well with the plans slightly had a change with a more and careful control on the Money Management. I made a loss, but at the same time made a profit. With challenges, experience grows and a more better learning experiences evolve within me. My current 25% control on floating is not achievable as of this time yet, as it has exceed to 70% though. I have to cut loss some amount due to the need to control and regulate the balances without the need to worry at the later stage should the market become more volatile. And i see no need to add more deposit since i could gain an average us$50-60 profits a day, which is a great thing. My present minimum target would be at least us$30 per day with a total target of us$600 (minimum). Though after a careful rethinking and evalution, the profit can be targeted up to us$100 per day, which i`m going to focus upon next week. With the bases of 0.50 per lot, i`ll be maintaining this until i reached the targeted balances of US$5000 which can be achieved as earliest by April 2014. And from that point onwards, maybe i`ll increase from 0.50 to 1.00 - maybe. As in the need to manage the floating point and reduces it presently from 70% to 50% and below, i was thinking of increasing the gap back to the original once the daily target achieved. All sum up - yes i can do it, and to add up - Be positive and focus more on what i gained rather than what i lost. :)