jueves, 30 de marzo de 2017

EURUSD Short +30pips 0.2Lots

Today I'm really excited! I made my first live trade and it was a winner: +30 pips and +2% on my account. I have been interested in trading for a long time but had not managed to really start until late last year and all the hard work is paying off. I am happy because of my understanding more than the monetary gain. Although eventually I'd like to do trading for a living, I am in no rush as I have a stable job that I like and want to remain there for years to come. Nonetheless, it feels really good to finally take a trade and see it pan out.

I decided to take a similar trade on the demo to keep track of my progress. I say similar because the data feeds have different prices so it won't be exactly the same, but the concept that I'm using to take the trade and objective will be the same.

I was looking to short the Euro one more time as I thought dollar had still room to run, plus EURGBP looked like it would finally trade to 0.8590. I placed a sell limit order looking for 30 pips and a stop loss of 20 pips. I could have increased my trade size but chose not to do so yet and go with my standard 0.2 lots, and a 1.5R trade. 




I woke up and I had almost reached my goal but missed it and started to freak out, this was around 5am, and knew I'd get a retracement before NY but decided to stick to the rules and hold it. It was a struggle and could not sleep well, but in the end, the trade panned out and I was able to make my 30 pips.


I learned a lot from this experience and look forward to continuing on my journey. Here's the updated MyFxBook as I close the month of March. 


The account is up 8.45% in six weeks, which is almost 9% and comes out to 6% monthly which is my goal to duplicate my money yearly.

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